Funding you earn now, next payment 05:00 UTC−0.0764%/8h= −83.7% APRpaid last 24h −0.086%
Price spread now: OKX against Lighter−0.308%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs−$181as in the Price arb table
costs, in and out, $10k−$1521.520% of the position
Funding, last 7 days−0.142%−$14 on $10k
+Price spread, last 4 days (all we have)+0.283%+$28 · spread now −0.308%, 7d avg −0.023%
=Together, before fees+0.142%+ Points / potential airdropLighter: Season 3 · farm board+$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and OKX is 0.285% cheaper against Lighter than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.023%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.142% in total (about -7.4% 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 | Lighter BB | 8.5965 | 0.1176 | pay 0.0147% / 1h | 29m 42s | $188K | $144K | 10x |
| Short | OKX BB-USDT-SWAP | 8.5700 | 0.0412 | get 0.0412% / 8h | 3h 29m | $214K | $527K | 20x |
Lighter BB
OKX BB-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$160.48
- Price spread: −0.308% → −0.023%
- −$28.53
- Slippage, 4 orders
- −$142.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$341.03
- Costs to cover
- 1.520%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; OKX: live order book, 21 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, 5 min ago | 14.21 bp | 14.2 bp −$14 | 19.5 bp −$195 | 57.0 bp −$5,699 | doesn't fit |
| Sell OKX live order book, 21 min ago | 12.77 bp | 55.0 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
BB on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:BB | −0.0677% | 1h | 8.5847 | −0.137% | $10.8M | $3.1M | 10x | as long as short |
| Extended BB-USD | −0.0656% | 1h | 8.5839 | −0.147% | $9K | $21K | 10x | as long as short |
| Bitget BBSTOCKUSDT | 0.0000% | 8h | 8.5690 | −0.320% | $50K | $22K | 20x | as long as short |
| Vest BB-USD-PERP | +0.0046% | 1h | 8.5700 | −0.308% | — | $875 | 10x | as long as short |
| Ondo Perps BB-USD.P | +0.0050% | 1h | 8.5643 | −0.375% | $493K | $461K | 10x | as long as short |
| QFEX BB-USD | +0.0240% | 1h | 8.5600 | −0.425% | $1.1M | $195K | 10x | as long as short |
| OKX BB-USDT-SWAPshort | +0.0412% | 8h | 8.5700 | −0.308% | $214K | $527K | 20x | |
| MEXC BBSTOCK_USDT | +0.0706% | 8h | 8.5600 | −0.425% | $311K | $107K | 50x | as long as short |
| Lighter BBlong | +0.1176% | 1h | 8.5965 | long leg | $188K | $144K | 10x |
tradeXYZ xyz:BB
Extended BB-USD
Bitget BBSTOCKUSDT
Vest BB-USD-PERP
Ondo Perps BB-USD.P
QFEX BB-USD
MEXC BBSTOCK_USDT