Funding you earn now, next payment 12:00 UTC+0.0087%/8h= +9.5% APRpaid last 24h +0.010%
Price spread now: Lighter RH against OKX+0.414%7-day average +0.099% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1881.885% of the position
Funding, last 7 days+0.922%+$92 on $10k
+Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.414%, 7d avg +0.099%
=Together, before fees+0.833%+ Points / potential airdropLighter RH: Points live · farm board+$83 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter RH is 0.315% dearer against OKX than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of +0.099%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX USO-USDT-SWAP | 145.01 | −0.0055 | get 0.0055% / 8h | 4h 46m | $182K | $324K | 20x |
| Short | Lighter RH USO | 145.61 | 0.0032 | get 0.0004% / 1h | 46m 36s | $306K | $170K | 10x |
OKX USO-USDT-SWAP
Lighter RH USOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $18.18
- Price spread: +0.414% → +0.099%
- $31.48
- Slippage, 4 orders
- −$178.47
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$138.81
- Costs to cover
- 1.885%
- Break-even
- 60.5 days
Slippage from OKX: live order book, 57 min ago; Lighter RH: live order book, 58 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, 57 min ago | 10.78 bp | 88.9 bp −$89 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 58 min ago | 5.20 bp | 5.5 bp −$5 | 63.2 bp −$632 | doesn't fit | doesn't fit |
USO on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus USO-USD | −0.0831% | 1h | 145.34 | +0.228% | $433K | $236K | 20x | as long as short |
| OKX USO-USDT-SWAPlong | −0.0055% | 8h | 145.01 | long leg | $182K | $324K | 20x | |
| MEXC USO_USDT | −0.0054% | 8h | 145.03 | +0.014% | $710K | $107K | 20x | as long as short |
| Lighter RH USOshort | +0.0032% | 1h | 145.61 | +0.414% | $306K | $170K | 10x | |
| ApeX Omni USOUSDT | +0.0100% | 1h | 145.67 | +0.455% | $65K | $17K | 50x | as long as short |
Arcus USO-USD
MEXC USO_USDT
ApeX Omni USOUSDT