Funding you earn now, next payment 01:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.009%
Price spread now: OKX against Lighter+0.046%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$230.233% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 7 days−0.070%−$7 · spread now +0.046%, 7d avg +0.068%
=Together, before fees−0.067%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.023% cheaper against Lighter than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.068%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter COIN | 200.89 | 0.0072 | pay 0.0009% / 1h | 4m 47s | $366K | $1.9M | 10x |
| Short | OKX COIN-USDT-SWAP | 200.98 | 0 | get 0.0000% / 8h | 7h 04m | $3.3M | $4.5M | 20x |
Lighter COIN
OKX COIN-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
- −$15.12
- Price spread: +0.046% → +0.068%
- −$2.26
- Slippage, 4 orders
- −$13.27
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$40.65
- Costs to cover
- 0.233%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 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, 7 min ago | 0.75 bp | 1.3 bp −$1 | 4.2 bp −$42 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.75 bp | 13.8 bp −$14 | 21.1 bp −$211 | doesn't fit | doesn't fit |
COIN 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 200.88 | −0.004% | $44K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 200.94 | +0.027% | $368K | $840K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 200.88 | −0.005% | $119K | $705K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.02 | +0.064% | $15.7M | $74.7M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 201.05 | +0.081% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAPshort | 0.0000% | 8h | 200.98 | +0.046% | $3.3M | $4.5M | 20x | |
| Gate COIN_USDT | 0.0000% | 8h | 200.91 | +0.011% | $1.3M | $6.9M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 201.09 | +0.101% | $6.8M | $9.1M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 200.76 | −0.065% | $833K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.13 | +0.121% | $13K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0021% | 1h | 200.93 | +0.021% | $1.4M | $3.7M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 200.86 | −0.014% | $431K | $1.5M | 10x | as long as short |
| edgeX COINUSDC | +0.0035% | 4h | 200.94 | +0.027% | $52K | $294K | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 201.07 | +0.091% | $16K | $53K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 200.68 | −0.104% | — | $286K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 200.86 | −0.014% | $16.5M | $12.3M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 200.86 | −0.014% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 200.87 | −0.009% | $100 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 200.87 | −0.009% | $356K | $3.3M | 10x | as long as short |
| Lighter COINlong | +0.0072% | 1h | 200.89 | long leg | $366K | $1.9M | 10x | |
| KuCoin COINUSDTM | +0.0100% | 8h | 201.06 | +0.086% | $1.0M | $120K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 200.93 | +0.021% | $90K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 200.90 | +0.006% | $581 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 200.90 | +0.005% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 200.95 | +0.031% | $199K | $339K | 20x | as long as short |
| Phoenix COIN | +0.0237% | 1h | 200.79 | −0.049% | $5K | $279K | 10x | as long as short |
QFEX COIN-USD
Lighter RH COIN
edgeX COINUSDC
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN