Funding you earn now, next payment 10:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h −0.001%
Price spread now: Lighter against Gate−0.072%7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$850.846% of the position
Funding, last 7 days+0.124%+$12 on $10k
+Price spread, last 4 days (all we have)+0.302%+$30 · spread now −0.072%, 7d avg +0.043%
=Together, before fees+0.425%+ Points / potential airdropLighter: Season 3 · farm board+$43 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.115% cheaper against Gate than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of +0.043%). If the spread goes back, that is −$12 on $10k: about 9.9 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate OP_USDT | 0.1249 | 0.0057 | pay 0.0057% / 8h | 6h 18m | $2.0M | $1.4M | 50x |
| Short | Lighter OP | 0.1249 | 0.0096 | get 0.0012% / 1h | 18m 24s | $264K | $1.1M | 15x |
Gate OP_USDT
Lighter OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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
- $8.19
- Price spread: −0.072% → +0.043%
- −$11.54
- Slippage, 4 orders
- −$69.6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$87.95
- Costs to cover
- 0.846%
- Break-even
- 82.2 days
Slippage from Gate: live order book, 2 min ago; Lighter: live order book, 5 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 Gate live order book, 2 min ago | 3.20 bp | 23.7 bp −$24 | 65.0 bp −$650 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 4.00 bp | 24.3 bp −$24 | 66.7 bp −$667 | doesn't fit | doesn't fit |
OP on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1934% | 1h | 0.1257 | +0.608% | $35K | $67K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.0886% / S +0.0200% | 1h | 0.1248 | −0.091% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0551% | 1h | 0.1247 | −0.192% | $31K | $128K | 25x | as long as short |
| Orderly PERP_OP_USDC | −0.0058% | 8h | 0.1248 | −0.112% | $12K | $233K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1250 | +0.040% | $39K | $522 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1248 | −0.112% | — | — | 150x | as long as short |
| MEXC OP_USDT | +0.0021% | 8h | 0.1249 | −0.008% | $22.1M | $7.6M | 300x | as long as short |
| Binance OPUSDT | +0.0021% | 8h | 0.1249 | 0.000% | $19.2M | $68.1M | 75x | as long as short |
| Extended OP-USD | +0.0024% | 1h | 0.1249 | −0.042% | $102K | $579K | 25x | as long as short |
| GRVT OP_USDT_Perp | +0.0028% | 8h | 0.1251 | +0.099% | $305K | $5.5M | 10x | 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
MEXC OP_USDT
Binance OPUSDT
Extended OP-USD
GRVT OP_USDT_PerpShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate OP_USDTlong | +0.0057% | 8h | 0.1249 | long leg | $2.0M | $1.4M | 50x | |
| Variational Omni OP | +0.0072% | 8h | 0.1250 | +0.024% | $221K | $46K | — | as long as short |
| KuCoin OPUSDTM | +0.0076% | 8h | 0.1248 | −0.112% | $2.9M | $5.8M | 75x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0080% | 1h | 0.1248 | −0.112% | $26K | $71K | 50x | as long as short |
| BloFin OP-USDT | +0.0085% | 8h | 0.1248 | −0.112% | $979K | $278K | 75x | as long as short |
| Aevo OP-PERP | +0.0088% | 1h | 0.1247 | −0.192% | $3K | $1K | 3x | as long as short |
| Lighter OPshort | +0.0096% | 1h | 0.1249 | −0.072% | $264K | $1.1M | 15x | |
| Hyperliquid OP | +0.0100% | 1h | 0.1250 | +0.016% | $3.5M | $3.7M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1249 | −0.059% | $207K | $224K | 10x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1249 | −0.032% | $18.1M | $25.8M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1250 | +0.024% | $6.0M | $28.6M | 50x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1249 | −0.032% | $5.8M | $6.8M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1249 | −0.008% | — | $6.5M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1247 | −0.176% | $109K | $222K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1250 | +0.087% | $4K | $1.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1251 | +0.128% | $43K | $690K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1247 | −0.184% | $196 | $5K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1250 | +0.040% | $169K | $257K | 50x | as long as short |
| Reya OPRUSDPERP | +0.0446% | 1h | 0.1249 | −0.010% | $695 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0513% | 1h | 0.1249 | −0.051% | $742K | $803K | 20x | as long as short |
Variational Omni OP
KuCoin OPUSDTM
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Aevo OP-PERP
Hyperliquid OP
Aster OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Reya OPRUSDPERP
Kraken Futures PF_OPUSD