Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against KuCoin+0.047%7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1051.047% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 4 days (all we have)+0.139%+$14 · spread now +0.047%, 7d avg +0.057%
=Together, before fees+0.150%+ Points / potential airdropLighter: Season 3 · farm board+$15 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin OPUSDTM | 0.1271 | 0.0100 | pay 0.0100% / 8h | 7h 56m | $2.9M | $7.3M | 75x |
| Short | Lighter OP | 0.1272 | 0.0096 | get 0.0012% / 1h | 56m 37s | $289K | $939K | 15x |
KuCoin OPUSDTM
Lighter OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against KuCoin. 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: +0.047% → +0.057%
- −$1.02
- Slippage, 4 orders
- −$92.66
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$106.52
- Costs to cover
- 1.047%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 1 min ago; Lighter: live order book, 14 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 KuCoin live order book, 1 min ago | 7.87 bp | 42.2 bp −$42 | 80.7 bp −$807 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 14 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 | 0.1265 | −0.472% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1272 | +0.102% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0536% | 1h | 0.1271 | 0.000% | $42K | $171K | 25x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0352% | 1h | 0.1270 | −0.079% | $21K | $65K | 50x | as long as short |
| Bybit OPUSDT | −0.0107% | 8h | 0.1271 | −0.024% | $18.5M | $26.1M | 75x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1272 | +0.045% | $39K | $519 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1272 | +0.079% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0059% | 8h | 0.1271 | 0.000% | $6K | $49K | 10x | as long as short |
| Variational Omni OP | +0.0061% | 8h | 0.1273 | +0.179% | $232K | $47K | — | as long as short |
| Lighter OPshort | +0.0096% | 1h | 0.1272 | +0.047% | $289K | $939K | 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
Orderly PERP_OP_USDC
Variational Omni OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1272 | +0.110% | $4.1M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1272 | +0.078% | $212K | $236K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1271 | +0.031% | $20.6M | $62.0M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1271 | +0.031% | $6.0M | $30.2M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1272 | +0.039% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1271 | −0.016% | $20.0M | $7.2M | 300x | as long as short |
| KuCoin OPUSDTMlong | +0.0100% | 8h | 0.1271 | long leg | $2.9M | $7.3M | 75x | |
| Bitget OPUSDT | +0.0100% | 8h | 0.1272 | +0.079% | $6.1M | $6.4M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1271 | 0.000% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1271 | −0.031% | $123K | $189K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1274 | +0.198% | $9K | $382K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1275 | +0.314% | $323K | $4.8M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1275 | +0.315% | $46K | $721K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1271 | +0.024% | $183 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1272 | +0.102% | $176K | $234K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1271 | −0.011% | $102K | $182K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1272 | +0.067% | $4K | — | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1271 | −0.008% | $1.0M | $277K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0381% | 1h | 0.1273 | +0.163% | $801K | $750K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0438% | 1h | 0.1271 | −0.018% | $707 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDC
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