Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.026%
Price spread now: Lighter against OKX+0.101%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$390.385% of the position
Funding, last 7 days+0.088%+$9 on $10k
+Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.101%, 7d avg +0.026%
=Together, before fees+0.087%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.075% dearer against OKX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.026%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX FIL-USDT-SWAP | 0.9991 | 0.0046 | pay 0.0046% / 8h | 2h 03m | $18.2M | $110.4M | 50x |
| Short | Lighter FIL | 1.0001 | 0.0096 | get 0.0012% / 1h | 3m 53s | $149K | $385K | 5x |
OKX FIL-USDT-SWAP
Lighter FILFunding 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
- $10.46
- Price spread: +0.101% → +0.026%
- $7.47
- Slippage, 4 orders
- −$28.53
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$20.61
- Costs to cover
- 0.385%
- Break-even
- 20.8 days
Slippage from OKX: live order book, 5 min ago; Lighter: live order book, 36 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, 5 min ago | 0.50 bp | 8.4 bp −$8 | 19.0 bp −$190 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 36 min ago | 5.98 bp | 13.0 bp −$13 | 25.0 bp −$250 | doesn't fit | doesn't fit |
FIL on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0240% | 1h | 1.0012 | +0.210% | $357K | $2.3M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 1.0010 | +0.190% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0001 | +0.096% | $58K | $1K | 10x | as long as short |
| Deribit FIL_USDC-PERPETUAL | 0.0000% | 1h | 1.0013 | +0.220% | $172K | $23K | 25x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.361% | $2K | $240K | 12x | as long as short |
| OKX FIL-USDT-SWAPlong | +0.0046% | 8h | 0.9991 | long leg | $18.2M | $110.4M | 50x | |
| KuCoin FILUSDTM | +0.0064% | 8h | 0.9999 | +0.080% | $7.3M | $7.9M | 50x | as long as short |
| Lighter FILshort | +0.0096% | 1h | 1.0001 | +0.101% | $149K | $385K | 5x | |
| Hyperliquid FIL | +0.0100% | 1h | 1.0006 | +0.150% | $8.4M | $9.4M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 1.0004 | +0.125% | $510K | $605K | 20x | as long as short |
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Deribit FIL_USDC-PERPETUAL
Injective FIL/USDC PERP
KuCoin FILUSDTM
Hyperliquid FIL
Aster FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0100% | 8h | 0.9997 | +0.055% | $56.5M | $187.9M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9994 | +0.030% | $15.7M | $20.7M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9996 | +0.050% | $8.4M | $16.9M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 1.0002 | +0.110% | $236K | $105K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9999 | +0.080% | $11.4M | $20.1M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9997 | +0.060% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9992 | +0.008% | $453K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 1.0000 | +0.092% | $45K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 1.0005 | +0.137% | $301K | $1.2M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0000 | +0.090% | $29K | $183K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0019 | +0.282% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0000 | +0.090% | $2K | $1.2M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0002 | +0.110% | $485 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0009 | +0.180% | $621K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 1.0000 | +0.090% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9997 | +0.063% | $704K | $1.4M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 1.0001 | +0.100% | $2.6M | $701K | 75x | as long as short |
| Kraken Futures PF_FILUSD | +0.0248% | 1h | 1.0008 | +0.174% | $1.4M | $2.2M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0604% / S −0.0280% | 1h | 1.0010 | +0.192% | $268K | — | 100x | as long as short |
Binance FILUSDT
Bybit FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
BingX FIL-USDC
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
Extended FIL-USD
BloFin FIL-USDT
Kraken Futures PF_FILUSD
GMX FIL/USD [WBTC.b-USDC]