Funding you earn now, next payment 05:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h +0.016%
Price spread now: OKX against Lighter RH+0.124%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$400.404% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.124%, 7d avg +0.062%
=Together, before fees−0.063%+ Points / potential airdropLighter RH: Points live · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.062% dearer against Lighter RH than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.062%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BE | 274.51 | 0.0032 | pay 0.0004% / 1h | 47m 22s | $251K | $290K | 10x |
| Short | OKX BE-USDT-SWAP | 274.85 | 0.0139 | get 0.0139% / 8h | 3h 47m | $2.7M | $6.8M | 25x |
Lighter RH BE
OKX BE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Lighter RH. 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
- $22.37
- Price spread: +0.124% → +0.062%
- $6.18
- Slippage, 4 orders
- −$30.44
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$11.88
- Costs to cover
- 0.404%
- Break-even
- 10.7 days
Slippage from Lighter RH: live order book, 5 min ago; OKX: 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 Lighter RH live order book, 5 min ago | 5.83 bp | 5.9 bp −$6 | 16.8 bp −$168 | doesn't fit | doesn't fit |
| Sell OKX live order book, 6 min ago | 2.18 bp | 13.0 bp −$13 | 82.0 bp −$820 | doesn't fit | doesn't fit |
BE on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BEUSDT | 0.0000% | 8h | 274.47 | −0.015% | $345K | $119K | 20x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 274.40 | −0.040% | $1.5M | $3.3M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 275.00 | +0.178% | $1.7M | $2.6M | 20x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 274.27 | −0.088% | $7K | $163K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 274.19 | −0.117% | $910 | $2.4M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 274.79 | +0.102% | $13K | $35K | 20x | as long as short |
| Lighter BE | +0.0032% | 1h | 274.37 | −0.051% | — | — | 10x | as long as short |
| Lighter RH BElong | +0.0032% | 1h | 274.51 | long leg | $251K | $290K | 10x | |
| Extended BE-USD | +0.0032% | 1h | 274.58 | +0.024% | $46K | $260K | 10x | as long as short |
| Binance BEUSDT | +0.0035% | 8h | 274.65 | +0.052% | $8.5M | $36.5M | 25x | as long as short |
Aster BEUSDT
Gate BE_USDT
Bitget BEUSDT
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDT
Lighter BE
Extended BE-USD
Binance BEUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX BE-USD | +0.0036% | 1h | 274.65 | +0.051% | $1.3M | $2.7M | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 274.40 | −0.040% | $115K | $109K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 274.61 | +0.036% | — | — | 10x | as long as short |
| Bybit BEUSDT | +0.0048% | 8h | 274.74 | +0.084% | $2.0M | $1.1M | 25x | as long as short |
| tradeXYZ xyz:BE | +0.0050% | 1h | 274.64 | +0.047% | $5.9M | $2.6M | 10x | as long as short |
| Coinbase International BE-PERP-INTX | +0.0064% | 1h | 273.08 | −0.521% | $473K | $128K | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 274.53 | +0.007% | $371K | $19K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 274.58 | +0.024% | — | — | 10x | as long as short |
| OKX BE-USDT-SWAPshort | +0.0139% | 8h | 274.85 | +0.124% | $2.7M | $6.8M | 25x | |
| BloFin BE-USDT | +0.0139% | 8h | 274.79 | +0.102% | $45K | $142K | 20x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0661% | 1h | 274.58 | +0.025% | $7K | $4K | 10x | as long as short |
QFEX BE-USD
Arcus BE-USD
Vest BE-USD-PERP
Bybit BEUSDT
tradeXYZ xyz:BE
Coinbase International BE-PERP-INTX
KuCoin BEUSDTM
Aevo BE-PERP
BloFin BE-USDT
Deribit BE_USDC-PERPETUAL