Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: edgeX against Lighter+0.002%49s7-day average −0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$700.702% of the position
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 4 days (all we have)+0.623%+$62 · spread now +0.002%, 7d avg −0.077%
=Together, before fees+0.644%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board+$64 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: edgeX is 0.079% dearer against Lighter than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.077%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter OP | 0.1260 | 0.0096 | pay 0.0012% / 1h | 28m 21s | $280K | $949K | 15x |
| Short | edgeX OPUSDC | 0.1260 | 0.0100 | get 0.0050% / 4h | 2h 28m | $4K | $391K | 10x |
Lighter OP
edgeX OPUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Lighter. 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: +0.002% → −0.077%
- $7.89
- Slippage, 4 orders
- −$61.22
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$61.48
- Costs to cover
- 0.702%
- Break-even
- 519.4 days
Slippage from Lighter: live order book, 37 min ago; edgeX: live order book, 40 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 Lighter live order book, 37 min ago | 6.29 bp | 22.4 bp −$22 | 45.1 bp −$451 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 40 min ago | 3.92 bp | 11.5 bp −$11 | 74.6 bp −$746 | doesn't fit | doesn't fit |
OP on 29 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 | 0.1255 | −0.357% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1263 | +0.260% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0184% | 1h | 0.1279 | +1.548% | $25K | $75K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1260 | +0.024% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1264 | +0.357% | $42K | $151K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1264 | +0.333% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0050% | 8h | 0.1259 | −0.012% | $224K | $51K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0058% | 8h | 0.1263 | +0.278% | $6K | $47K | 10x | as long as short |
| OKX OP-USDT-SWAP | +0.0086% | 8h | 0.1264 | +0.381% | $6.0M | $29.9M | 50x | as long as short |
| Lighter OPlong | +0.0096% | 1h | 0.1260 | long leg | $280K | $949K | 15x |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
OKX OP-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1262 | +0.198% | $3.8M | $3.0M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1260 | +0.049% | $210K | $229K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1262 | +0.197% | $20.3M | $62.2M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1263 | +0.318% | $18.4M | $26.1M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1261 | +0.127% | $1.9M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1261 | +0.103% | $20.6M | $7.5M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1261 | +0.119% | $2.9M | $6.9M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1265 | +0.437% | $5.9M | $6.6M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1263 | +0.278% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1258 | −0.143% | $124K | $203K | 10x | as long as short |
| edgeX OPUSDCshort | +0.0100% | 4h | 0.1260 | +0.002% | $4K | $391K | 10x | |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1255 | −0.358% | $309K | $5.3M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1260 | +0.040% | $43K | $712K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1264 | +0.326% | $174 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1260 | +0.064% | $174K | $226K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1263 | +0.301% | $103K | $393K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1263 | +0.318% | $3K | $1K | 3x | as long as short |
| Reya OPRUSDPERP | +0.0439% | 1h | 0.1261 | +0.150% | $701 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0461% | 1h | 0.1265 | +0.448% | $799K | $593K | 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-USDC
Backpack OP_USDC_PERP
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Reya OPRUSDPERP
Kraken Futures PF_OPUSD