Funding you earn now, next payment 01:00 UTC−0.0782%/8h= −85.7% APRnext payment −$0.98 per $10,000 · paid last 24h −0.034%
Price spread now: Ondo Perps against Lighter−0.187%7-day average −0.117% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.025%−$2 on $10k
+Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.187%, 7d avg −0.117%
=Together, before fees−0.024%+ Points / potential airdropLighter: Season 3 · Ondo Perps: Active · farm board−$2 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 Ondo Perps is 0.070% cheaper against Lighter than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.117%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.025% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.98 per $10,000. 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 | 8.5913 | 0.1616 | pay 0.0202% / 1h | 37m 17s | $188K | $141K | 10x |
| Short | Ondo Perps BB-USD.P | 8.5752 | 0.0834 | get 0.0104% / 1h | 37m 17s | $460K | $443K | 10x |
Lighter BB
Ondo Perps BB-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- −$164.3
- Price spread: −0.187% → −0.117%
- −$7.04
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$176.35
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 18 min ago; Ondo Perps: no order-book sample. 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 Lighter live order book, 18 min ago | 16.47 bp | 16.5 bp −$16 | 21.9 bp −$219 | 59.2 bp −$5,917 | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget BBSTOCKUSDT | 0.0000% | 8h | 8.5750 | −0.190% | $49K | $24K | 20x | as long as short |
| QFEX BB-USD | +0.0014% | 1h | 8.5700 | −0.248% | $1.1M | $281K | 10x | as long as short |
| Vest BB-USD-PERP | +0.0046% | 1h | 8.5700 | −0.248% | — | $1K | 10x | as long as short |
| OKX BB-USDT-SWAP | +0.0161% | 8h | 8.5830 | −0.097% | $211K | $493K | 20x | as long as short |
| MEXC BBSTOCK_USDT | +0.0236% | 8h | 8.5700 | −0.248% | $311K | $106K | 50x | as long as short |
| Ondo Perps BB-USD.Pshort | +0.0834% | 1h | 8.5752 | −0.187% | $460K | $443K | 10x | |
| Lighter BBlong | +0.1616% | 1h | 8.5913 | long leg | $188K | $141K | 10x | |
| tradeXYZ xyz:BB | +0.1643% | 1h | 8.5808 | −0.122% | $10.6M | $3.2M | 10x | as long as short |
| Extended BB-USD | +0.1656% | 1h | 8.5803 | −0.128% | $9K | $21K | 10x | as long as short |
Bitget BBSTOCKUSDT
QFEX BB-USD
Vest BB-USD-PERP
OKX BB-USDT-SWAP
MEXC BBSTOCK_USDT
tradeXYZ xyz:BB
Extended BB-USD