Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against edgeX+1.004%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs+$14as in the Price arb table
costs, in and out, $10k−$780.781% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 3 days (all we have)−1.074%−$107 · spread now +1.004%, 7d avg +0.080%
=Together, before fees−1.095%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$109 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.924% dearer against edgeX than usual: you sell high and buy low, +$92 on $10k if it goes back to its 7-day average of +0.080%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX OPUSDC | 0.1264 | 0.0100 | pay 0.0050% / 4h | 3h 15m | $4K | $392K | 10x |
| Short | Lighter OP | 0.1277 | 0.0096 | get 0.0012% / 1h | 15m 23s | $285K | $951K | 15x |
edgeX OPUSDC
Lighter OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against edgeX. 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: +1.004% → +0.080%
- $92.42
- Slippage, 4 orders
- −$69.06
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $13.53
- Costs to cover
- 0.781%
- Break-even
- from the start
Slippage from edgeX: live order book, 58 min ago; Lighter: live order book, 55 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 edgeX live order book, 58 min ago | 7.86 bp | 20.3 bp −$20 | 142.0 bp −$1,420 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 55 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 | 0.1256 | −0.618% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1280 | +1.288% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0352% | 1h | 0.1280 | +1.281% | $25K | $77K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1277 | +1.027% | $39K | $519 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1280 | +1.260% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0051% | 8h | 0.1271 | +0.561% | $232K | $46K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0058% | 8h | 0.1280 | +1.281% | $6K | $48K | 10x | as long as short |
| Lighter OPshort | +0.0096% | 1h | 0.1277 | +1.004% | $285K | $951K | 15x | |
| Hyperliquid OP | +0.0100% | 1h | 0.1280 | +1.281% | $4.0M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1277 | +1.057% | $213K | $236K | 10x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
Hyperliquid OP
Aster OPUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance OPUSDT | +0.0100% | 8h | 0.1280 | +1.303% | $20.7M | $61.9M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1279 | +1.234% | $18.5M | $26.0M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1280 | +1.250% | $6.2M | $30.4M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1280 | +1.250% | $2.0M | $1.6M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1280 | +1.281% | $20.3M | $7.4M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1278 | +1.123% | $2.9M | $7.1M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1280 | +1.281% | $6.0M | $6.4M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1280 | +1.281% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1274 | +0.791% | $123K | $188K | 10x | as long as short |
| edgeX OPUSDClong | +0.0100% | 4h | 0.1264 | long leg | $4K | $392K | 10x | |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1265 | +0.094% | $313K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1265 | +0.094% | $43K | $725K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1279 | +1.202% | $178 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1279 | +1.186% | $176K | $234K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1280 | +1.255% | $107K | $389K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1281 | +1.360% | $4K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1265 | +0.126% | $1.0M | $276K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0379% | 1h | 0.1281 | +1.339% | $809K | $755K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0439% | 1h | 0.1279 | +1.210% | $711 | — | 20x | as long as short |
| Deribit OP_USDC-PERPETUAL | +0.0531% | 1h | 0.1281 | +1.360% | $42K | $167K | 25x | as long as short |
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
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
Deribit OP_USDC-PERPETUAL