Funding you earn now, next payment 01:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.004%
Price spread now: BloFin against Lighter−0.204%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$610.614% of the position
Funding, last 7 days+0.161%+$16 on $10k
+Price spread, last 3 days (all we have)+0.345%+$34 · spread now −0.204%, 7d avg −0.027%
=Together, before fees+0.506%+ Points / potential airdropLighter: Season 3 · farm board+$51 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.177% cheaper against Lighter than usual: you would sell low and buy high (spread −0.204% now, against its 7-day average of −0.027%). If the spread goes back, that is −$18 on $10k: about 4.8 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter OP | 0.1274 | 0.0096 | pay 0.0012% / 1h | 4m 45s | $283K | $953K | 15x |
| Short | BloFin OP-USDT | 0.1271 | 0.0220 | get 0.0220% / 8h | 7h 04m | $1.0M | $275K | 75x |
Lighter OP
BloFin OP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Lighter. 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: −0.204% → −0.027%
- −$17.71
- Slippage, 4 orders
- −$49.44
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$53.11
- Costs to cover
- 0.614%
- Break-even
- 21.3 days
Slippage from Lighter: live order book, 66 min ago; BloFin: live order book, 2 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 Lighter live order book, 66 min ago | 5.10 bp | 21.7 bp −$22 | 48.5 bp −$485 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 0.39 bp | 9.2 bp −$9 | 19.1 bp −$191 | 62.8 bp −$6,276 | 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 | −0.1656% | 1h | 0.1268 | −0.448% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1270 | −0.259% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0352% | 1h | 0.1279 | +0.416% | $25K | $77K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1271 | −0.230% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1270 | −0.290% | $42K | $167K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1271 | −0.234% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0055% | 8h | 0.1270 | −0.305% | $232K | $46K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0059% | 8h | 0.1270 | −0.290% | $6K | $47K | 10x | as long as short |
| Lighter OPlong | +0.0096% | 1h | 0.1274 | long leg | $283K | $953K | 15x | |
| Hyperliquid OP | +0.0100% | 1h | 0.1274 | +0.039% | $4.0M | $2.9M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
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 | 0.1271 | −0.178% | $212K | $236K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1273 | −0.085% | $20.6M | $62.0M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1272 | −0.173% | $18.5M | $26.1M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1272 | −0.149% | $6.2M | $30.2M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1273 | −0.047% | $2.0M | $1.6M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1273 | −0.063% | $20.2M | $7.4M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1271 | −0.212% | $2.9M | $7.0M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1273 | −0.055% | $6.0M | $6.4M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1272 | −0.126% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1270 | −0.267% | $122K | $190K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1277 | +0.231% | $4K | $389K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1274 | +0.038% | $315K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1275 | +0.102% | $44K | $725K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1270 | −0.251% | $180 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1271 | −0.243% | $175K | $235K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1271 | −0.178% | $107K | $389K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1270 | −0.301% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDTshort | +0.0220% | 8h | 0.1271 | −0.204% | $1.0M | $275K | 75x | |
| Kraken Futures PF_OPUSD | +0.0382% | 1h | 0.1272 | −0.144% | $803K | $755K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0439% | 1h | 0.1270 | −0.269% | $706 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
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
Kraken Futures PF_OPUSD
Reya OPRUSDPERP