Funding you earn now, next payment 06:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.004%
Price spread now: Lighter against BloFin+0.032%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$510.511% of the position
Funding, last 7 days−0.161%−$16 on $10k
+Price spread, last 4 days (all we have)−0.170%−$17 · spread now +0.032%, 7d avg +0.031%
=Together, before fees−0.331%+ Points / potential airdropLighter: Season 3 · farm board−$33 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin OP-USDT | 0.1252 | 0.0220 | pay 0.0220% / 8h | 2h 02m | $985K | $306K | 75x |
| Short | Lighter OP | 0.1253 | 0.0096 | get 0.0012% / 1h | 2m 45s | $275K | $1.1M | 15x |
BloFin OP-USDT
Lighter OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. 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
- −$26.04
- Price spread: +0.032% → +0.031%
- $0.13
- Slippage, 4 orders
- −$39.13
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$77.04
- Costs to cover
- 0.511%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 29 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 BloFin live order book, 29 min ago | 0.40 bp | 13.9 bp −$14 | 27.0 bp −$270 | 84.0 bp −$8,400 | doesn't fit |
| Sell Lighter live order book, 3 min ago | 4.78 bp | 13.5 bp −$13 | 55.2 bp −$552 | doesn't fit | doesn't fit |
OP on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1583% | 1h | 0.1247 | −0.423% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1251 | −0.088% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0548% | 1h | 0.1252 | −0.024% | $33K | $153K | 25x | as long as short |
| Orderly PERP_OP_USDC | −0.0013% | 8h | 0.1252 | −0.024% | $59K | $142K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1252 | −0.020% | $39K | $532 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1252 | −0.049% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0005% | 8h | 0.1253 | +0.090% | $222K | $46K | — | as long as short |
| Bybit OPUSDT | +0.0060% | 8h | 0.1252 | −0.056% | $18.4M | $25.7M | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0074% | 1h | 0.1254 | +0.140% | $752K | $633K | 20x | as long as short |
| OKX OP-USDT-SWAP | +0.0095% | 8h | 0.1252 | −0.032% | $6.1M | $29.1M | 50x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Orderly PERP_OP_USDC
dYdX OP-USD
gTrade (Gains Network) OP/USD
Variational Omni OP
Bybit OPUSDT
Kraken Futures PF_OPUSD
OKX OP-USDT-SWAPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter OPshort | +0.0096% | 1h | 0.1253 | +0.032% | $275K | $1.1M | 15x | |
| Hyperliquid OP | +0.0100% | 1h | 0.1252 | −0.040% | $3.5M | $3.3M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1253 | +0.095% | $204K | $213K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1252 | 0.000% | $19.6M | $64.9M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1253 | +0.032% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1253 | +0.016% | $23.1M | $7.7M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1252 | −0.024% | $2.8M | $6.3M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1252 | −0.024% | $5.8M | $6.7M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1252 | −0.016% | — | $6.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1252 | −0.016% | $105K | $214K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1253 | +0.060% | $380K | $768K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1254 | +0.109% | $309K | $5.4M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1253 | +0.056% | $43K | $704K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1253 | +0.016% | $207 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1252 | −0.032% | $174K | $244K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1251 | −0.092% | $101K | $506K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1252 | −0.013% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0160% | 1h | 0.1254 | +0.136% | $26K | $60K | 50x | as long as short |
| BloFin OP-USDTlong | +0.0220% | 8h | 0.1252 | long leg | $985K | $306K | 75x | |
| Reya OPRUSDPERP | +0.0443% | 1h | 0.1250 | −0.163% | $695 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
Reya OPRUSDPERP