Funding you earn now, next payment 11:00 UTC−0.0280%/8h= −30.6% APRpaid last 24h +0.010%
Price spread now: Lighter against OKX−0.086%7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$273as in the Funding arb table
Net, price: spread back to 7d avg − costs−$272as in the Price arb table
costs, in and out, $10k−$2692.686% of the position
Funding, last 7 days−0.043%−$4 on $10k
+Price spread, last 4 days (all we have)−0.031%−$3 · spread now −0.086%, 7d avg −0.052%
=Together, before fees−0.074%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Lighter is 0.034% cheaper against OKX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.052%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.043% in total (about -2.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SHEIN-USDT-SWAP | 4.8610 | 0.0312 | pay 0.0312% / 8h | 5h 25m | $141K | $236K | 10x |
| Short | Lighter SHEIN | 4.8568 | 0.0032 | get 0.0004% / 1h | 25m 20s | $65K | $1.0M | 5x |
OKX SHEIN-USDT-SWAP
Lighter SHEINFunding 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
- −$58.76
- Price spread: −0.086% → −0.052%
- −$3.44
- Slippage, 4 orders
- −$258.6
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$330.79
- Costs to cover
- 2.686%
- Break-even
- never at this rate
Slippage from OKX: live order book, 18 min ago; Lighter: 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 OKX live order book, 18 min ago | 6.16 bp | 54.9 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 21.33 bp | 50.4 bp −$50 | 351.2 bp −$3,512 | doesn't fit | doesn't fit |
SHEIN on 8 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SHEINUSDT | 0.0000% | 8h | 4.8600 | −0.021% | $394K | $106K | 25x | as long as short |
| Gate SHEIN_USDT | 0.0000% | 8h | 4.8520 | −0.185% | $48K | $43K | 50x | as long as short |
| Bitget SHEINUSDT | 0.0000% | 8h | 4.8620 | +0.021% | $248K | $276K | 20x | as long as short |
| HTX SHEIN-USDT | 0.0000% | 1h | 4.8659 | +0.101% | $7K | $382K | 20x | as long as short |
| Lighter SHEINshort | +0.0032% | 1h | 4.8568 | −0.086% | $65K | $1.0M | 5x | |
| Lighter RH SHEIN | +0.0032% | 1h | 4.8580 | −0.062% | $32K | $60K | 5x | as long as short |
| OKX SHEIN-USDT-SWAPlong | +0.0312% | 8h | 4.8610 | long leg | $141K | $236K | 10x | |
| tradeXYZ xyz:SHEIN | +0.1277% | 1h | 4.8519 | −0.187% | $735K | $263K | 10x | as long as short |
Bybit SHEINUSDT
Gate SHEIN_USDT
Bitget SHEINUSDT
HTX SHEIN-USDT
Lighter RH SHEIN
tradeXYZ xyz:SHEIN