Funding you earn now, next payment 06:00 UTC+0.1557%/8h= +170.5% APRpaid last 24h +0.601%
Price spread now: Lighter against OKX−0.071%7-day average +0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$550.552% of the position
Funding, last 7 days+0.502%+$50 on $10k
+Price spread, last 4 days (all we have)+0.123%+$12 · spread now −0.071%, 7d avg +0.105%
=Together, before fees+0.625%+ Points / potential airdropLighter: Season 3 · farm board+$62 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.175% cheaper against OKX than usual: you would sell low and buy high (spread −0.071% now, against its 7-day average of +0.105%). If the spread goes back, that is −$18 on $10k: about 9 hours of funding at the current rate (+$47 a day). At the pace of the last 7 days (+0.502% in total) that is about 2.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.502% in total (about 26.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX PROVE-USDT-SWAP | 0.2260 | −0.1461 | get 0.0731% / 4h | 2h 20m | $629K | $6.5M | 20x |
| Short | Lighter PROVE | 0.2258 | 0.0096 | get 0.0012% / 1h | 20m 28s | $36K | $179K | 3x |
OKX PROVE-USDT-SWAP
Lighter PROVEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against OKX. 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
- $327.07
- Price spread: −0.071% → +0.105%
- −$17.54
- Slippage, 4 orders
- −$45.23
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $254.3
- Costs to cover
- 0.552%
- Break-even
- 1.6 days
Slippage from OKX: live order book, 2 min ago; Lighter: live order book, 9 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 OKX live order book, 2 min ago | 2.22 bp | 22.1 bp −$22 | 85.2 bp −$852 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 9 min ago | 5.57 bp | 6.4 bp −$6 | 178.1 bp −$1,781 | doesn't fit | doesn't fit |
PROVE on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni PROVEUSDT | −0.1908% | 1h | 0.2252 | −0.359% | $15K | $313K | 50x | as long as short |
| Aster PROVEUSDT | −0.1868% | 4h | 0.2256 | −0.171% | $38K | $221K | 5x | as long as short |
| MEXC PROVE_USDT | −0.1466% | 4h | 0.2257 | −0.133% | $275K | $392K | 20x | as long as short |
| OKX PROVE-USDT-SWAPlong | −0.1461% | 4h | 0.2260 | long leg | $629K | $6.5M | 20x | |
| Binance PROVEUSDT | −0.1441% | 4h | 0.2256 | −0.177% | $3.5M | $30.5M | 75x | as long as short |
| Bitget PROVEUSDT | −0.1378% | 4h | 0.2256 | −0.177% | $635K | $3.8M | 50x | as long as short |
| Gate PROVE_USDT | −0.1290% | 4h | 0.2258 | −0.088% | $160K | $675K | 75x | as long as short |
| KuCoin PROVEUSDTM | −0.0996% | 4h | 0.2256 | −0.155% | $2.7M | $690K | 50x | as long as short |
| GRVT PROVE_USDT_Perp | −0.0948% | 4h | 0.2253 | −0.313% | $208K | $3.1M | 10x | as long as short |
| Hyperliquid PROVE | −0.0391% | 1h | 0.2258 | −0.106% | $321K | $721K | 3x | as long as short |
ApeX Omni PROVEUSDT
Aster PROVEUSDT
MEXC PROVE_USDT
Binance PROVEUSDT
Bitget PROVEUSDT
Gate PROVE_USDT
KuCoin PROVEUSDTM
GRVT PROVE_USDT_Perp
Hyperliquid PROVEShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PROVEshort | +0.0096% | 1h | 0.2258 | −0.071% | $36K | $179K | 3x | |
| Bybit PROVEUSDT | +0.0100% | 4h | 0.2263 | +0.133% | $2.1M | $8.9M | 25x | as long as short |
| BingX PROVE-USDT | +0.0100% | 4h | 0.2258 | −0.088% | — | $2.5M | — | as long as short |
| Variational Omni PROVE | +0.0100% | 4h | 0.2259 | −0.062% | $28K | $44K | — | as long as short |
Bybit PROVEUSDT
BingX PROVE-USDT
Variational Omni PROVE