Funding you earn now, next payment 00:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.012%
Price spread now: OKX against Lighter+0.100%7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$500.503% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.100%, 7d avg +0.065%
=Together, before fees−0.048%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.036% dearer against Lighter than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of +0.065%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.7 days. At the pace of the last 7 days (−0.017% in total) that is about 14 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter CBRS | 209.44 | 0.0032 | pay 0.0004% / 1h | 19m 36s | $91K | $868K | 10x |
| Short | OKX CBRS-USDT-SWAP | 209.65 | 0 | get 0.0000% / 8h | 19m 36s | $2.2M | $3.6M | 25x |
Lighter CBRS
OKX CBRS-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
- −$6.72
- Price spread: +0.100% → +0.065%
- $3.56
- Slippage, 4 orders
- −$40.35
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$53.5
- Costs to cover
- 0.503%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 56 min ago; OKX: live order book, 3 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, 56 min ago | 0.48 bp | 6.7 bp −$7 | 9.5 bp −$95 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.95 bp | 16.4 bp −$16 | 68.6 bp −$686 | doesn't fit | doesn't fit |
CBRS on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit CBRS_USDC-PERPETUAL | −0.0705% | 1h | 209.32 | −0.057% | $12K | $5K | 10x | as long as short |
| edgeX CBRSUSDC | −0.0599% | 4h | 209.31 | −0.060% | $24K | $221K | 10x | as long as short |
| tradeXYZ xyz:CBRS | −0.0217% | 1h | 209.39 | −0.024% | $42.9M | $3.6M | 10x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 209.40 | −0.019% | $66K | $147K | 20x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 209.62 | +0.086% | $2.0M | $1.9M | 25x | as long as short |
| OKX CBRS-USDT-SWAPshort | 0.0000% | 8h | 209.65 | +0.100% | $2.2M | $3.6M | 25x | |
| Bitget CBRSUSDT | 0.0000% | 8h | 209.57 | +0.062% | $2.4M | $2.8M | 20x | as long as short |
| Phoenix CBRS | 0.0000% | 1h | 209.39 | −0.024% | $1K | $111K | 10x | as long as short |
| SunX CBRS-USDT | 0.0000% | 8h | 209.63 | +0.091% | $964 | $3.3M | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 209.43 | −0.005% | $9K | $7K | 20x | as long as short |
Deribit CBRS_USDC-PERPETUAL
edgeX CBRSUSDC
tradeXYZ xyz:CBRS
Aster CBRSUSDT
Bybit CBRSUSDT
Bitget CBRSUSDT
Phoenix CBRS
SunX CBRS-USDT
HTX CBRS-USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate CBRS_USDT | +0.0004% | 8h | 209.50 | +0.029% | $2.9M | $3.1M | 50x | as long as short |
| Vest CBRS-USD-PERP | +0.0014% | 1h | 209.15 | −0.138% | — | $94K | 10x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0016% | 1h | 208.44 | −0.477% | $114K | $114K | 10x | as long as short |
| QFEX CBRS-USD | +0.0021% | 1h | 209.30 | −0.067% | $1.1M | $3.4M | 10x | as long as short |
| Lighter CBRSlong | +0.0032% | 1h | 209.44 | long leg | $91K | $868K | 10x | |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 209.39 | −0.024% | $53K | $1.1M | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 209.26 | −0.086% | $342K | $919K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 209.41 | −0.014% | $143K | $92K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 209.32 | −0.057% | $24K | $136K | 50x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 209.34 | −0.048% | $860 | $1K | 10x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 209.44 | +0.001% | $243 | — | 10x | as long as short |
| Variational Omni CBRS | +0.0445% | 8h | 209.32 | −0.059% | $423K | $321K | — | as long as short |
| BloFin CBRS-USDT | +0.0456% | 8h | 209.39 | −0.024% | $146K | $70K | 20x | as long as short |
| Extended CBRS_24_5-USD | +0.0472% | 1h | 209.40 | −0.021% | $43K | $246K | 10x | as long as short |
| Binance CBRSUSDT | +0.0472% | 8h | 209.49 | +0.026% | $10.3M | $30.0M | 25x | as long as short |
| GRVT CBRS_USDT_Perp | +0.0556% | 8h | 209.37 | −0.033% | $488 | $222K | 10x | as long as short |
Gate CBRS_USDT
Vest CBRS-USD-PERP
Coinbase International CBRS-PERP-INTX
QFEX CBRS-USD
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Orderly PERP_CBRS_USDC_mythos
Aevo CBRS-PERP
Variational Omni CBRS
BloFin CBRS-USDT
Extended CBRS_24_5-USD
Binance CBRSUSDT
GRVT CBRS_USDT_Perp