Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter against SoDEX+0.120%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.120% dearer against SoDEX than usual: you sell high and buy low, +$12 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX OP-USD | 0.1248 | 0.0100 | pay 0.0013% / 1h | 49m 54s | $195 | $6K | 5x |
| Short | Lighter OP | 0.1249 | 0.0096 | get 0.0012% / 1h | 49m 54s | $288K | $1.1M | 15x |
SoDEX OP-USD
Lighter OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against SoDEX. 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: +0.120% → 0.000%
- $12.02
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $3.18
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: SoDEX: no order-book sample; Lighter: live order book, 1 min ago. 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 1 min ago | 6.00 bp | 8.9 bp −$9 | 46.7 bp −$467 | doesn't fit | doesn't fit |
SoDEX: 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 | −0.1328% | 1h | 0.1235 | −1.010% | $34K | $63K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1164% / S +0.0246% | 1h | 0.1248 | +0.066% | $13K | — | 100x | as long as short |
| Orderly PERP_OP_USDC | −0.0054% | 8h | 0.1248 | +0.032% | $12K | $236K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1251 | +0.247% | $39K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1248 | +0.032% | $31K | $165K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1252 | +0.330% | — | — | 150x | as long as short |
| GRVT OP_USDT_Perp | +0.0016% | 8h | 0.1249 | +0.112% | $310K | $5.3M | 10x | as long as short |
| KuCoin OPUSDTM | +0.0037% | 8h | 0.1247 | −0.048% | $2.8M | $6.0M | 75x | as long as short |
| Gate OP_USDT | +0.0060% | 8h | 0.1249 | +0.144% | $2.0M | $1.5M | 50x | as long as short |
| Variational Omni OP | +0.0063% | 8h | 0.1250 | +0.228% | $221K | $47K | — | 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
GRVT OP_USDT_Perp
KuCoin OPUSDTM
Gate OP_USDT
Variational Omni OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter OPshort | +0.0096% | 1h | 0.1249 | +0.120% | $288K | $1.1M | 15x | |
| Hyperliquid OP | +0.0100% | 1h | 0.1250 | +0.200% | $3.5M | $3.6M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1250 | +0.166% | $205K | $210K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1250 | +0.160% | $19.7M | $67.7M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1249 | +0.128% | $18.2M | $26.3M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1250 | +0.168% | $6.0M | $29.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1250 | +0.176% | $22.3M | $7.7M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1250 | +0.192% | $5.6M | $6.8M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1249 | +0.112% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1248 | +0.032% | $117K | $222K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1249 | +0.090% | $4K | $1.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1250 | +0.192% | $43K | $694K | 50x | as long as short |
| SoDEX OP-USDlong | +0.0100% | 1h | 0.1248 | long leg | $195 | $6K | 5x | |
| HTX OP-USDT | +0.0100% | 8h | 0.1250 | +0.232% | $166K | $259K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1249 | +0.133% | $100K | $613K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1247 | −0.008% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0112% | 1h | 0.1253 | +0.433% | $24K | $67K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.0155% | 1h | 0.1250 | +0.163% | $744K | $676K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1250 | +0.168% | $994K | $324K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0445% | 1h | 0.1248 | +0.068% | $694 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
ApeX Omni OPUSDT
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
Kraken Futures PF_OPUSD
BloFin OP-USDT
Reya OPRUSDPERP