OP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.12 per $10,000 · paid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Lighter+0.028%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

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 pays, funding is against you. gTrade (Gains Network) is 0.028% dearer against Lighter than usual: you sell high and buy low (spread +0.028% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter OP	0.1265	0.0096	pay 0.0012% / 1h	25m 28s	$272K	$906K	15x
Short	gTrade (Gains Network) OP/USD	0.1265	L +0.0004% / S −0.0004%	get 0.0000% / 1h	25m 28s	—	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.028%Rate

Funding earned: −$19.33
Price spread: +0.028% → 0.000%: $2.85
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$26.49
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 59 min ago; gTrade (Gains Network): no order-book sample. 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 Lighter live order book, 59 min ago	5.20 bp	17.9 bp −$18	46.4 bp −$464	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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	−0.1658%	1h	0.1246	−1.463%	$34K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1066% / S +0.0229%	1h	0.1265	+0.009%	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0328%	1h	0.1243	−1.700%	$21K	$64K	50x	as long as short
dYdX OP-USD	0.0000%	1h	0.1264	−0.043%	$39K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1265	+0.040%	$42K	$171K	25x	as long as short
gTrade (Gains Network) OP/USDshort	L +0.0004% / S −0.0004%	1h	0.1265	+0.028%	—	—	150x
Variational Omni OP	+0.0029%	8h	0.1256	−0.700%	$228K	$44K	—	as long as short
Orderly PERP_OP_USDC	+0.0034%	8h	0.1264	−0.040%	$6K	$50K	10x	as long as short
Lighter OPlong	+0.0096%	1h	0.1265	long leg	$272K	$906K	15x
Hyperliquid OP	+0.0100%	1h	0.1266	+0.150%	$4.1M	$3.0M	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster OPUSDT	+0.0100%	8h	0.1263	−0.090%	$212K	$241K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1264	−0.018%	$20.5M	$62.6M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1263	−0.079%	$18.4M	$25.3M	75x	as long as short
OKX OP-USDT-SWAP	+0.0100%	8h	0.1264	−0.032%	$5.9M	$29.8M	50x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1265	+0.024%	$1.8M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1264	−0.032%	$20.2M	$7.3M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1263	−0.119%	$2.9M	$7.5M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1264	−0.040%	$6.0M	$6.2M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	0.1265	+0.040%	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1264	−0.047%	$128K	$192K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1259	−0.473%	$10K	$377K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1262	−0.197%	$312K	$5.1M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1258	−0.514%	$45K	$719K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1264	−0.008%	$168	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1264	−0.055%	$175K	$234K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1263	−0.144%	$101K	$186K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1264	−0.030%	$4K	—	3x	as long as short
Kraken Futures PF_OPUSD	+0.0136%	1h	0.1265	+0.069%	$782K	$731K	20x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1262	−0.190%	$1.0M	$281K	75x	as long as short
Reya OPRUSDPERP	+0.0436%	1h	0.1264	−0.019%	$703	—	20x	as long as short