Funding you earn now, next payment 02:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%
Price spread now: Lighter against dYdX0.000%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX OP-USD | 0.1264 | 0 | get 0.0000% / 1h | 50m 06s | $39K | $519 | 10x |
| Short | Lighter OP | 0.1264 | 0.0096 | get 0.0012% / 1h | 50m 06s | $281K | $946K | 15x |
dYdX OP-USD
Lighter OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against dYdX. 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
- $20.16
- Price spread: 0.000% → 0.000%
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $10.16
- Costs to cover
- 0.100%
- Break-even
- 3.5 days
Slippage unknown: dYdX: no order-book sample; Lighter: live order book, 15 min ago. Net counts fees only.
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 dYdX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 15 min ago | 6.29 bp | 20.9 bp −$21 | 61.2 bp −$612 | doesn't fit | doesn't fit |
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1535% | 1h | 0.1256 | −0.633% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1262 | −0.126% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0184% | 1h | 0.1279 | +1.187% | $25K | $77K | 50x | as long as short |
| ApeX Omni OPUSDT | −0.0035% | 1h | 0.1258 | −0.475% | $43K | $724K | 50x | as long as short |
| dYdX OP-USDlong | 0.0000% | 1h | 0.1264 | long leg | $39K | $519 | 10x | |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1263 | −0.079% | $42K | $151K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1263 | −0.113% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0055% | 8h | 0.1260 | −0.284% | $224K | $52K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0058% | 8h | 0.1262 | −0.158% | $6K | $48K | 10x | as long as short |
| Lighter OPshort | +0.0096% | 1h | 0.1264 | 0.000% | $281K | $946K | 15x |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
ApeX Omni OPUSDT
Deribit OP_USDC-PERPETUAL
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 | |
|---|---|---|---|---|---|---|---|---|
| OKX OP-USDT-SWAP | +0.0097% | 8h | 0.1263 | −0.079% | $6.1M | $30.1M | 50x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1265 | +0.040% | $3.9M | $3.0M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1263 | −0.059% | $211K | $231K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1263 | −0.111% | $20.4M | $62.5M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1262 | −0.174% | $18.3M | $26.2M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1263 | −0.071% | $1.9M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1263 | −0.095% | $20.5M | $7.4M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1262 | −0.158% | $2.9M | $7.0M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1263 | −0.079% | $5.9M | $6.6M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1264 | 0.000% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1263 | −0.079% | $122K | $198K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1258 | −0.491% | $4K | $388K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1260 | −0.283% | $312K | $5.2M | 10x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1263 | −0.087% | $166 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1263 | −0.111% | $174K | $235K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1262 | −0.151% | $101K | $395K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1263 | −0.119% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1262 | −0.150% | $1.0M | $276K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0439% | 1h | 0.1262 | −0.135% | $702 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0462% | 1h | 0.1264 | −0.002% | $798K | $618K | 20x | as long as short |
OKX OP-USDT-SWAP
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Reya OPRUSDPERP
Kraken Futures PF_OPUSD