Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.022%
Price spread now: Lighter against OKX+0.139%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$730.733% of the position
Funding, last 7 days+0.055%+$5 on $10k
+Price spread, last 7 days−0.105%−$10 · spread now +0.139%, 7d avg +0.043%
=Together, before fees−0.050%+ Points / potential airdropLighter: Season 3 · farm board−$5 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: Lighter is 0.096% dearer against OKX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.043%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX USELESS-USDT-SWAP | 0.2808 | 0.0100 | pay 0.0050% / 4h | 55m 21s | $9.8M | $65.7M | 10x |
| Short | Lighter USELESS | 0.2812 | 0.0096 | get 0.0012% / 1h | 55m 21s | $1.3M | $1.1M | 3x |
OKX USELESS-USDT-SWAP
Lighter USELESSFunding 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
- −$0.84
- Price spread: +0.139% → +0.043%
- $9.56
- Slippage, 4 orders
- −$63.25
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$64.53
- Costs to cover
- 0.733%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Lighter: live order book, 6 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, 3 min ago | 0.36 bp | 17.4 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 6.15 bp | 21.8 bp −$22 | 109.9 bp −$1,099 | doesn't fit | doesn't fit |
USELESS on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESSshort | +0.0096% | 1h | 0.2812 | +0.139% | $1.3M | $1.1M | 3x | |
| Pacifica USELESS | +0.0100% | 1h | 0.2794 | −0.527% | $31K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAPlong | +0.0100% | 4h | 0.2808 | long leg | $9.8M | $65.7M | 10x | |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2808 | −0.011% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2799 | −0.317% | $18K | $492K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2800 | −0.299% | $563K | $1.2M | 20x | as long as short |
| Polymarket Perps USELESS-USD | +0.0117% | 1h | 0.2803 | −0.189% | $30K | $152K | 3x | as long as short |
| Aevo USELESS-PERP | +0.0208% | 1h | 0.2810 | +0.050% | $10K | — | 3x | as long as short |
| KuCoin USELESSUSDTM | +0.0326% | 4h | 0.2800 | −0.313% | $5.2M | $9.9M | 12x | as long as short |
| Gate USELESS_USDT | +0.0384% | 4h | 0.2804 | −0.160% | $7.0M | $8.2M | 50x | as long as short |
Pacifica USELESS
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Polymarket Perps USELESS-USD
Aevo USELESS-PERP
KuCoin USELESSUSDTM
Gate USELESS_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USELESSUSDT | +0.0438% | 4h | 0.2810 | +0.071% | $5.4M | $9.2M | 20x | as long as short |
| edgeX USELESSUSDC | +0.0519% | 4h | 0.2791 | −0.623% | $21K | $191K | 10x | as long as short |
| MEXC USELESS_USDT | +0.0524% | 4h | 0.2804 | −0.146% | $10.2M | $5.9M | 50x | as long as short |
| Binance USELESSUSDT | +0.0526% | 4h | 0.2808 | −0.014% | $23.8M | $115.1M | 50x | as long as short |
| Extended USELESS-USD | +0.0528% | 1h | 0.2809 | +0.005% | $295K | $966K | 5x | as long as short |
| ApeX Omni USELESSUSDT | +0.0582% | 1h | 0.2789 | −0.691% | $39K | $701K | 25x | as long as short |
| Aster USELESSUSDT | +0.1140% | 4h | 0.2801 | −0.267% | $644K | $2.2M | 10x | as long as short |
| BingX USELESS-USDT | +0.1194% | 4h | 0.2808 | −0.011% | — | $5.0M | — | as long as short |
| Bybit USELESSUSDT | +0.1214% | 4h | 0.2808 | −0.018% | $27.9M | $45.3M | 13x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1333% | 4h | 0.2811 | +0.078% | $22K | $1.4M | 10x | as long as short |
| Hyperliquid USELESS | +0.1354% | 1h | 0.2806 | −0.075% | $13.9M | $20.9M | 3x | as long as short |
| Variational Omni USELESS | +0.1387% | 4h | 0.2793 | −0.535% | $1.2M | $1.7M | — | as long as short |
| BloFin USELESS-USDT | +0.1587% | 4h | 0.2814 | +0.199% | $1.2M | $2.0M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2957 | +5.273% | $5K | $9K | 5.5x | as long as short |
Bitget USELESSUSDT
edgeX USELESSUSDC
MEXC USELESS_USDT
Binance USELESSUSDT
Extended USELESS-USD
ApeX Omni USELESSUSDT
Aster USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
Orderly PERP_USELESS_USDC
Hyperliquid USELESS
Variational Omni USELESS
BloFin USELESS-USDT
Injective USELESS/USDC PERP