Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: OKX against Lighter−0.092%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs+$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$150.153% of the position
Funding, last 7 days+0.258%+$26 on $10k
+Price spread, last 4 days (all we have)+0.182%+$18 · spread now −0.092%, 7d avg +0.021%
=Together, before fees+0.439%+ Points / potential airdropLighter: Season 3 · farm board+$44 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.113% cheaper against Lighter than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.021%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.258%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter US100 | 30,478 | 0.0032 | pay 0.0004% / 1h | 44m 21s | $3.9M | $96.0M | 30x |
| Short | OKX US100-USDT-SWAP | 30,450 | 0 | get 0.0000% / 8h | 1h 44m | $263K | $373K | 20x |
Lighter US100
OKX US100-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: −0.092% → +0.021%
- −$11.32
- Slippage, 4 orders
- −$5.3
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$33.34
- Costs to cover
- 0.153%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; OKX: live order book, 61 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, 5 min ago | 0.33 bp | 0.3 bp $0 | 0.3 bp −$3 | 5.0 bp −$502 | 220.6 bp −$110.3K |
| Sell OKX live order book, 61 min ago | 0.33 bp | 5.9 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
NAS100 on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_NAS100_USDC | −0.0283% | 8h | 30,467.1 | −0.036% | $101K | $38K | 20x | as long as short |
| Gate NAS100_USDT | −0.0200% | 8h | 30,447.2 | −0.101% | $2.0M | $3.6M | 100x | as long as short |
| MEXC NAS100_USDT | −0.0070% | 8h | 30,481 | +0.010% | $24.3M | $20.4M | 200x | as long as short |
| OKX US100-USDT-SWAPshort | 0.0000% | 8h | 30,450 | −0.092% | $263K | $373K | 20x | |
| Bitget NDX100USDT | 0.0000% | 8h | 30,518 | +0.131% | $3.5M | $602K | 50x | as long as short |
| Bullet US100-USD | 0.0000% | 1h | 30,481.7 | +0.012% | $4K | $91K | 10x | as long as short |
| Phemex NAS100USDT | 0.0000% | 4h | 30,439.4 | −0.127% | $1.4M | $191K | 10x | as long as short |
| QFEX US100-USD | +0.0001% | 1h | 30,482 | +0.013% | $1.3M | $1.3M | 30x | as long as short |
| Lighter US100long | +0.0032% | 1h | 30,478 | long leg | $3.9M | $96.0M | 30x | |
| Extended TECH100m-USD | +0.0032% | 1h | 30,482.9 | +0.016% | $2.0M | $5.9M | 20x | as long as short |
Orderly PERP_NAS100_USDC
Gate NAS100_USDT
MEXC NAS100_USDT
Bitget NDX100USDT
Bullet US100-USD
Phemex NAS100USDT
QFEX US100-USD
Extended TECH100m-USDShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest NDX-USD-PERP | +0.0046% | 1h | 30,775.4 | +0.976% | — | $202.8M | 50x | as long as short |
| Paradex US100-USD-PERP | +0.0050% | 8h | 30,477.9 | 0.000% | — | — | 5x | as long as short |
| Polymarket Perps NAS100-USD | +0.0050% | 1h | 30,481 | +0.010% | $7.2M | $2.0M | 50x | as long as short |
| Ondo Perps US100-USD.P | +0.0050% | 1h | 30,480.8 | +0.009% | $6.1M | $8.8M | 25x | as long as short |
| Kraken Futures PF_US100USD | +0.1148% | 1h | 30,507.5 | +0.097% | $137K | $137K | 20x | as long as short |
Vest NDX-USD-PERP
Paradex US100-USD-PERP
Polymarket Perps NAS100-USD
Ondo Perps US100-USD.P
Kraken Futures PF_US100USD