Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against BingX+0.063%7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs−$256as in the Funding arb table
Net, price: spread back to 7d avg − costs−$248as in the Price arb table
costs, in and out, $10k−$2542.542% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.063% dearer against BingX than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX OP-USDC | 0.1263 | 0.0100 | pay 0.0100% / 8h | 7h 41m | — | $1.6M | — |
| Short | Lighter OP | 0.1264 | 0.0096 | get 0.0012% / 1h | 41m 43s | $283K | $947K | 15x |
BingX OP-USDC
Lighter OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.84
- Price spread: +0.063% → 0.000%
- $6.33
- Slippage, 4 orders
- −$244.21
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$248.71
- Costs to cover
- 2.542%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; Lighter: live order book, 29 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BingX live order book, 10 min ago | 7.90 bp | 103.0 bp −$103 | 847.7 bp −$8,477 | 1145.9 bp −$114.6K | doesn't fit |
| Sell Lighter live order book, 29 min ago | 5.10 bp | 17.3 bp −$17 | 54.2 bp −$542 | doesn't fit | doesn't fit |
OP on 30 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1656% | 1h | 0.1261 | −0.158% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1266 | +0.246% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0539% | 1h | 0.1266 | +0.238% | $42K | $171K | 25x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0352% | 1h | 0.1262 | −0.079% | $21K | $64K | 50x | as long as short |
| Bybit OPUSDT | −0.0099% | 8h | 0.1262 | −0.095% | $18.3M | $26.0M | 75x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1265 | +0.140% | $39K | $519 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1266 | +0.238% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0052% | 8h | 0.1266 | +0.242% | $231K | $47K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0057% | 8h | 0.1265 | +0.158% | $6K | $49K | 10x | as long as short |
| Lighter OPshort | +0.0096% | 1h | 0.1264 | +0.063% | $283K | $947K | 15x |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Coinbase International OP-PERP-INTX
Bybit OPUSDT
dYdX OP-USD
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDCShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1265 | +0.150% | $4.0M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1265 | +0.173% | $211K | $236K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1263 | +0.031% | $20.4M | $62.0M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1262 | −0.087% | $6.1M | $29.9M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1265 | +0.190% | $1.9M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1264 | +0.111% | $20.2M | $7.3M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1265 | +0.158% | $2.9M | $7.2M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1265 | +0.158% | $6.0M | $6.4M | 75x | as long as short |
| BingX OP-USDClong | +0.0100% | 8h | 0.1263 | long leg | — | $1.6M | — | |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1266 | +0.214% | $121K | $189K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1267 | +0.332% | $4K | $392K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1268 | +0.388% | $308K | $4.9M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1267 | +0.317% | $43K | $723K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1266 | +0.261% | $184 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1266 | +0.245% | $175K | $235K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1263 | +0.034% | $102K | $306K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1267 | +0.277% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1266 | +0.222% | $1.0M | $281K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0383% | 1h | 0.1267 | +0.352% | $800K | $754K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0438% | 1h | 0.1265 | +0.130% | $703 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP