Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.024%
Price spread now: MEXC against Lighter−0.088%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$330.335% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.088%, 7d avg −0.033%
=Together, before fees+0.017%+ Points / potential airdropLighter: Season 3 · farm board+$2 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: MEXC is 0.055% cheaper against Lighter than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.033%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter OP | 0.1251 | 0.0096 | pay 0.0012% / 1h | 58m 00s | $289K | $1.1M | 15x |
| Short | MEXC OP_USDT | 0.1250 | 0.0100 | get 0.0100% / 8h | 7h 58m | $22.4M | $7.7M | 300x |
Lighter OP
MEXC OP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −0.088% → −0.033%
- −$5.46
- Slippage, 4 orders
- −$33.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$38.12
- Costs to cover
- 0.335%
- Break-even
- 324.6 days
Slippage from Lighter: live order book, 3 min ago; MEXC: live order book, 1 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, 3 min ago | 6.80 bp | 11.1 bp −$11 | 45.6 bp −$456 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.40 bp | 4.2 bp −$4 | 9.9 bp −$99 | 58.7 bp −$5,865 | 111.6 bp −$55.8K |
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 | −0.1328% | 1h | 0.1235 | −1.271% | $34K | $63K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1164% / S +0.0246% | 1h | 0.1250 | −0.039% | $13K | — | 100x | as long as short |
| Orderly PERP_OP_USDC | −0.0054% | 8h | 0.1250 | −0.072% | $12K | $235K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1252 | +0.073% | $39K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1250 | −0.072% | $31K | $165K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1251 | +0.008% | — | — | 150x | as long as short |
| KuCoin OPUSDTM | +0.0057% | 8h | 0.1251 | +0.008% | $2.8M | $6.0M | 75x | as long as short |
| Variational Omni OP | +0.0063% | 8h | 0.1248 | −0.233% | $221K | $47K | — | as long as short |
| Lighter OPlong | +0.0096% | 1h | 0.1251 | long leg | $289K | $1.1M | 15x | |
| Hyperliquid OP | +0.0100% | 1h | 0.1250 | −0.040% | $3.5M | $3.6M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Orderly PERP_OP_USDC
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
KuCoin OPUSDTM
Variational Omni OP
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1251 | −0.019% | $205K | $210K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1250 | −0.088% | $19.6M | $67.7M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1249 | −0.120% | $18.2M | $26.3M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1250 | −0.048% | $6.0M | $29.6M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1252 | +0.072% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDTshort | +0.0100% | 8h | 0.1250 | −0.088% | $22.4M | $7.7M | 300x | |
| Bitget OPUSDT | +0.0100% | 8h | 0.1251 | +0.008% | $5.6M | $6.8M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1250 | −0.072% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1250 | −0.088% | $117K | $222K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1246 | −0.376% | $4K | $1.1M | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1249 | −0.165% | $306K | $5.3M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1246 | −0.392% | $43K | $695K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1250 | −0.072% | $199 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1253 | +0.136% | $167K | $259K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1250 | −0.105% | $100K | $610K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1250 | −0.039% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0112% | 1h | 0.1249 | −0.152% | $24K | $66K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.0155% | 1h | 0.1251 | +0.038% | $745K | $678K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1247 | −0.304% | $990K | $324K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0445% | 1h | 0.1250 | −0.077% | $695 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate 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
Coinbase International OP-PERP-INTX
Kraken Futures PF_OPUSD
BloFin OP-USDT
Reya OPRUSDPERP