Funding you earn now, next payment 03:00 UTC+0.0092%/8h= +10.0% APRnext payment +$0.11 per $10,000 · paid last 24h +0.027%
Price spread now: Lighter against gTrade (Gains Network)+0.135%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.135% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) OP/USD | 0.1263 | L +0.0004% / S −0.0004% | pay 0.0001% / 1h | 4m 18s | — | — | 150x |
| Short | Lighter OP | 0.1264 | 0.0096 | get 0.0012% / 1h | 4m 18s | $279K | $936K | 15x |
gTrade (Gains Network) OP/USD
Lighter OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against gTrade (Gains Network). 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
- $19.22
- Price spread: +0.135% → 0.000%
- $13.54
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $22.76
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: gTrade (Gains Network): no order-book sample; Lighter: live order book, 56 min ago. Net counts fees only.
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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 56 min ago | 7.11 bp | 20.4 bp −$20 | 57.3 bp −$573 | doesn't fit | doesn't fit |
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1488% | 1h | 0.1256 | −0.530% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1262 | −0.039% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1264 | +0.084% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1262 | −0.055% | $42K | $151K | 25x | as long as short |
| gTrade (Gains Network) OP/USDlong | L +0.0004% / S −0.0004% | 1h | 0.1263 | long leg | — | — | 150x | |
| OKX OP-USDT-SWAP | +0.0030% | 8h | 0.1261 | −0.126% | $6.2M | $29.0M | 50x | as long as short |
| Variational Omni OP | +0.0050% | 8h | 0.1260 | −0.252% | $223K | $49K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0053% | 8h | 0.1261 | −0.134% | $6K | $44K | 10x | as long as short |
| Lighter OPshort | +0.0096% | 1h | 0.1264 | +0.135% | $279K | $936K | 15x | |
| Hyperliquid OP | +0.0100% | 1h | 0.1263 | +0.017% | $3.7M | $3.0M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
OKX OP-USDT-SWAP
Variational Omni OP
Orderly PERP_OP_USDC
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1263 | +0.026% | $211K | $229K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1262 | −0.080% | $20.4M | $60.8M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1261 | −0.134% | $18.4M | $25.3M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1263 | −0.015% | $2.0M | $1.6M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1262 | −0.094% | $20.9M | $7.1M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1261 | −0.134% | $2.9M | $6.7M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1261 | −0.134% | $5.9M | $6.5M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1261 | −0.110% | — | $6.3M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1263 | +0.017% | $121K | $194K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1265 | +0.150% | $4K | $390K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1266 | +0.262% | $310K | $4.8M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1267 | +0.341% | $43K | $706K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1262 | −0.078% | $183 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1262 | −0.070% | $174K | $216K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1261 | −0.139% | $106K | $389K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1262 | −0.094% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0152% | 1h | 0.1278 | +1.212% | $25K | $71K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1262 | −0.031% | $1.0M | $278K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0440% | 1h | 0.1261 | −0.118% | $701 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0491% | 1h | 0.1262 | −0.019% | $795K | $574K | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit 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
BloFin OP-USDT
Reya OPRUSDPERP
Kraken Futures PF_OPUSD