Funding you earn now, next payment 04:00 UTC−0.0325%/8h= −35.6% APRnext payment −$0.41 per $10,000 · paid last 24h −0.093%
Price spread now: GMX against Lighter+0.049%7-day average — · you sell dearer than you buy
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 pays, funding is against you. GMX is 0.049% dearer against Lighter than usual: you sell high and buy low (spread +0.049% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 12 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter OP | 0.1273 | 0.0096 | pay 0.0012% / 1h | 0m 26s | $280K | $941K | 15x |
| Short | GMX OP/USD [OP-USDC] | 0.1274 | L −0.1065% / S +0.0229% | pay 0.0029% / 1h | 0m 26s | $13K | — | 100x |
Lighter OP
GMX OP/USD [OP-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- −$68.31
- Price spread: +0.049% → 0.000%
- $4.95
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$75.36
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 55 min ago; GMX: 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, 55 min ago | 8.27 bp | 9.1 bp −$9 | 38.2 bp −$382 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 | 0.1259 | −1.131% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC]short | L −0.1065% / S +0.0229% | 1h | 0.1274 | +0.049% | $13K | — | 100x | |
| dYdX OP-USD | 0.0000% | 1h | 0.1273 | −0.051% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1271 | −0.188% | $42K | $139K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1274 | +0.022% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0055% | 8h | 0.1273 | −0.031% | $6K | $45K | 10x | as long as short |
| Variational Omni OP | +0.0057% | 8h | 0.1270 | −0.288% | $225K | $48K | — | as long as short |
| OKX OP-USDT-SWAP | +0.0069% | 8h | 0.1274 | +0.031% | $6.2M | $28.6M | 50x | as long as short |
| Lighter OPlong | +0.0096% | 1h | 0.1273 | long leg | $280K | $941K | 15x | |
| Hyperliquid OP | +0.0100% | 1h | 0.1275 | +0.118% | $3.7M | $2.8M | 5x | as long as short |
Injective OP/USDC PERP
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
Variational Omni OP
OKX OP-USDT-SWAP
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1273 | −0.065% | $213K | $219K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1274 | +0.075% | $20.6M | $60.3M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1273 | −0.071% | $18.7M | $24.8M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1274 | +0.047% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1274 | +0.039% | $21.5M | $7.2M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1272 | −0.110% | $2.9M | $6.5M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1274 | +0.047% | $5.9M | $6.4M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1273 | 0.000% | — | $6.3M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1272 | −0.141% | $121K | $200K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1266 | −0.550% | $4K | $389K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1267 | −0.530% | $317K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1268 | −0.424% | $43K | $711K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1271 | −0.204% | $203 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1272 | −0.079% | $175K | $226K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1272 | −0.110% | $104K | $390K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1274 | +0.031% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0168% | 1h | 0.1262 | −0.895% | $24K | $63K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1272 | −0.134% | $1.0M | $281K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0347% | 1h | 0.1271 | −0.189% | $786K | $549K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0441% | 1h | 0.1273 | +0.007% | $708 | — | 20x | as long as short |
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
ApeX Omni OPUSDT
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