Funding you earn now, next payment 01:00 UTC+0.0842%/8h= +92.2% APRpaid last 24h +0.021%
Price spread now: Lighter against OKX−0.069%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$170as in the Funding arb table
Net, price: spread back to 7d avg − costs−$186as in the Price arb table
costs, in and out, $10k−$1781.776% of the position
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.069%, 7d avg +0.018%
=Together, before fees+0.145%+ Points / potential airdropLighter: Season 3 · farm board+$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.086% cheaper against OKX than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of +0.018%). If the spread goes back, that is −$9 on $10k: about 8 hours of funding at the current rate (+$25 a day). At the pace of the last 7 days (+0.076% in total) that is about 7.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.076% in total (about 4.0% 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 BB-USDT-SWAP | 8.5970 | 0.0158 | pay 0.0158% / 8h | 7h 07m | $213K | $494K | 20x |
| Short | Lighter BB | 8.5911 | 0.1000 | get 0.0125% / 1h | 7m 07s | $188K | $141K | 10x |
OKX BB-USDT-SWAP
Lighter BBFunding 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
- $176.8
- Price spread: −0.069% → +0.018%
- −$8.63
- Slippage, 4 orders
- −$167.58
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$9.41
- Costs to cover
- 1.776%
- Break-even
- 7.4 days
Slippage from OKX: live order book, 64 min ago; Lighter: live order book, 48 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, 64 min ago | 12.27 bp | 86.8 bp −$87 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 48 min ago | 16.47 bp | 16.5 bp −$16 | 27.2 bp −$272 | 72.4 bp −$7,238 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget BBSTOCKUSDT | 0.0000% | 8h | 8.5780 | −0.221% | $49K | $24K | 20x | as long as short |
| QFEX BB-USD | +0.0014% | 1h | 8.5800 | −0.198% | $1.1M | $277K | 10x | as long as short |
| Vest BB-USD-PERP | +0.0046% | 1h | 8.5900 | −0.081% | — | $1K | 10x | as long as short |
| OKX BB-USDT-SWAPlong | +0.0158% | 8h | 8.5970 | long leg | $213K | $494K | 20x | |
| MEXC BBSTOCK_USDT | +0.0267% | 8h | 8.5700 | −0.314% | $311K | $108K | 50x | as long as short |
| Ondo Perps BB-USD.P | +0.0298% | 1h | 8.5806 | −0.191% | $458K | $442K | 10x | as long as short |
| Lighter BBshort | +0.1000% | 1h | 8.5911 | −0.069% | $188K | $141K | 10x | |
| tradeXYZ xyz:BB | +0.1070% | 1h | 8.5889 | −0.094% | $10.6M | $3.2M | 10x | as long as short |
| Extended BB-USD | +0.1072% | 1h | 8.5877 | −0.108% | $9K | $21K | 10x | as long as short |
Bitget BBSTOCKUSDT
QFEX BB-USD
Vest BB-USD-PERP
MEXC BBSTOCK_USDT
Ondo Perps BB-USD.P
tradeXYZ xyz:BB
Extended BB-USD