Funding you earn now, next payment 04:00 UTC+0.0092%/8h= +10.0% APRnext payment +$0.11 per $10,000 · paid last 24h +0.027%
Price spread now: Lighter against gTrade (Gains Network)−0.020%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 | gTrade (Gains Network) OP/USD | 0.1262 | L +0.0004% / S −0.0004% | pay 0.0001% / 1h | 47m 04s | — | — | 150x |
| Short | Lighter OP | 0.1261 | 0.0096 | get 0.0012% / 1h | 47m 04s | $279K | $938K | 15x |
gTrade (Gains Network) OP/USD
Lighter OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against gTrade (Gains Network). 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
- $19.22
- Price spread: −0.020% → 0.000%
- −$1.98
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $7.24
- Costs to cover
- 0.100%
- Break-even
- 4.4 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Lighter: live order book, 8 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 8 min ago | 8.27 bp | 24.8 bp −$25 | 61.3 bp −$613 | doesn't fit | doesn't fit |
gTrade (Gains Network): 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 | −0.1607% | 1h | 0.1253 | −0.686% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1261 | −0.025% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1260 | −0.132% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1261 | −0.052% | $42K | $151K | 25x | as long as short |
| gTrade (Gains Network) OP/USDlong | L +0.0004% / S −0.0004% | 1h | 0.1262 | long leg | — | — | 150x | |
| OKX OP-USDT-SWAP | +0.0036% | 8h | 0.1261 | −0.044% | $6.2M | $28.8M | 50x | as long as short |
| ApeX Omni OPUSDT | +0.0045% | 1h | 0.1257 | −0.369% | $43K | $709K | 50x | as long as short |
| Variational Omni OP | +0.0047% | 8h | 0.1260 | −0.152% | $223K | $49K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1261 | −0.052% | $6K | $44K | 10x | as long as short |
| Lighter OPshort | +0.0096% | 1h | 0.1261 | −0.020% | $279K | $938K | 15x |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
OKX OP-USDT-SWAP
ApeX Omni OPUSDT
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 | 0.1263 | +0.123% | $3.7M | $3.0M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1261 | −0.037% | $211K | $219K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1261 | −0.023% | $20.4M | $60.8M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1261 | −0.075% | $18.5M | $25.2M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1261 | −0.052% | $2.0M | $1.4M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1261 | −0.028% | $21.2M | $7.0M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1259 | −0.210% | $2.9M | $6.6M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1261 | −0.052% | $5.9M | $6.5M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1262 | −0.004% | — | $6.3M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1261 | −0.075% | $120K | $194K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1257 | −0.397% | $4K | $389K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1257 | −0.361% | $317K | $5.1M | 10x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1260 | −0.115% | $194 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1260 | −0.091% | $173K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1259 | −0.171% | $101K | $391K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1258 | −0.250% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0168% | 1h | 0.1278 | +1.296% | $25K | $71K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1260 | −0.099% | $1.0M | $277K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0349% | 1h | 0.1261 | −0.089% | $789K | $570K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0441% | 1h | 0.1261 | −0.047% | $701 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP