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 RH+0.140%7-day average −0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$254as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1531.526% of the position
Funding, last 7 days−1.017%−$102 on $10k
+Price spread, last 4 days (all we have)−0.432%−$43 · spread now +0.140%, 7d avg −0.083%
=Together, before fees−1.449%+ Points / potential airdropLighter RH: Points live · farm board−$145 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.223% dearer against Lighter RH than usual: you sell high and buy low (spread +0.140% now, against its 7-day average of −0.083%): +$22 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 23 days. At the pace of the last 7 days (−1.017% in total) that is about 37 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH USO | 150.51 | 0.0032 | pay 0.0004% / 1h | 18m 40s | $340K | $140K | 10x |
| Short | OKX USO-USDT-SWAP | 150.72 | 0 | get 0.0000% / 8h | 1h 18m | $196K | $229K | 20x |
Lighter RH USO
OKX USO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Lighter RH. 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: +0.140% → −0.083%
- $22.3
- Slippage, 4 orders
- −$142.63
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$137.05
- Costs to cover
- 1.526%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 24 min ago; OKX: live order book, 21 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 RH live order book, 24 min ago | 4.65 bp | 5.6 bp −$6 | 51.4 bp −$514 | doesn't fit | doesn't fit |
| Sell OKX live order book, 21 min ago | 10.30 bp | 60.2 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
USO on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX USO-USDT-SWAPshort | 0.0000% | 8h | 150.72 | +0.140% | $196K | $229K | 20x | |
| MEXC USO_USDT | 0.0000% | 8h | 150.58 | +0.047% | $746K | $104K | 20x | as long as short |
| Lighter RH USOlong | +0.0032% | 1h | 150.51 | long leg | $340K | $140K | 10x | |
| Arcus USO-USD | +0.0040% | 1h | 150.50 | −0.007% | $348K | $93K | 20x | as long as short |
| ApeX Omni USOUSDT | +0.0100% | 1h | 150.56 | +0.033% | $67K | $13K | 50x | as long as short |
MEXC USO_USDT
Arcus USO-USD
ApeX Omni USOUSDT