Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.011%
Price spread now: Lighter against OKX−0.044%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$250.248% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 7 days+0.002%$0 · spread now −0.044%, 7d avg −0.071%
=Together, before fees+0.001%+ Points / potential airdropLighter: Season 3 · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.027% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.071%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX COIN-USDT-SWAP | 195.79 | 0 | get 0.0000% / 8h | 59m 49s | $3.0M | $4.7M | 20x |
| Short | Lighter COIN | 195.70 | 0.0120 | get 0.0015% / 1h | 59m 49s | $364K | $2.3M | 10x |
OKX COIN-USDT-SWAP
Lighter COINFunding 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
- $25.2
- Price spread: −0.044% → −0.071%
- $2.74
- Slippage, 4 orders
- −$14.83
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $3.11
- Costs to cover
- 0.248%
- Break-even
- 6.1 days
Slippage from OKX: live order book, 3 min ago; Lighter: live order book, 2 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, 3 min ago | 0.51 bp | 9.8 bp −$10 | 19.6 bp −$196 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 2 min ago | 0.56 bp | 0.6 bp −$1 | 1.0 bp −$10 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0528% | 8h | 195.89 | +0.051% | $6.3M | $10.6M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.78 | −0.005% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0075% | 1h | 195.28 | −0.260% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.65 | −0.073% | $341K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.71 | −0.040% | $107K | $813K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 195.77 | −0.010% | $15.1M | $82.2M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.74 | −0.026% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAPlong | 0.0000% | 8h | 195.79 | long leg | $3.0M | $4.7M | 20x | |
| Gate COIN_USDT | 0.0000% | 8h | 195.79 | 0.000% | $1.2M | $7.4M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.70 | −0.046% | $712K | $975K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
Gate COIN_USDT
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.92 | +0.066% | $12K | $2.8M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.73 | −0.031% | $460K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.12 | +0.169% | $15K | $54K | 5x | as long as short |
| QFEX COIN-USD | +0.0045% | 1h | 195.72 | −0.036% | $1.3M | $2.9M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.67 | −0.061% | $15.2M | $13.2M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.66 | −0.066% | $130K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.76 | −0.015% | $93 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.68 | −0.056% | $443K | $2.8M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 195.59 | −0.102% | $986K | $136K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.93 | +0.072% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.73 | −0.031% | $566 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.77 | −0.010% | $116 | — | 10x | as long as short |
| Lighter COINshort | +0.0120% | 1h | 195.70 | −0.044% | $364K | $2.3M | 10x | |
| BloFin COIN-USDT | +0.0120% | 8h | 195.82 | +0.015% | $187K | $435K | 20x | as long as short |
| edgeX COINUSDC | +0.0132% | 4h | 195.88 | +0.047% | $50K | $296K | 10x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.86 | +0.036% | $4K | $283K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
Arcus COIN-USD
QFEX COIN-USD
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
edgeX COINUSDC
Phoenix COIN