Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: HTX against Lighter0.000%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$770.767% of the position
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 4 days (all we have)+0.162%+$16 · spread now 0.000%, 7d avg −0.017%
=Together, before fees+0.182%+ Points / potential airdropLighter: Season 3 · farm board+$18 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter OP | 0.1263 | 0.0096 | pay 0.0012% / 1h | 15m 56s | $275K | $947K | 15x |
| Short | HTX OP-USDT | 0.1263 | 0.0100 | get 0.0100% / 8h | 3h 15m | $171K | $229K | 50x |
Lighter OP
HTX OP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- $0.84
- Price spread: 0.000% → −0.017%
- $1.69
- Slippage, 4 orders
- −$64.72
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$74.19
- Costs to cover
- 0.767%
- Break-even
- 625.3 days
Slippage from Lighter: live order book, 34 min ago; HTX: 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 Lighter live order book, 34 min ago | 4.71 bp | 19.7 bp −$20 | 59.9 bp −$599 | doesn't fit | doesn't fit |
| Sell HTX live order book, 36 min ago | 7.42 bp | 20.6 bp −$21 | doesn't fit | 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 | −0.1568% | 1h | 0.1261 | −0.198% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1263 | −0.011% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1265 | +0.099% | $39K | $532 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1263 | −0.040% | $42K | $138K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1264 | +0.013% | — | — | 150x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0032% | 1h | 0.1270 | +0.514% | $25K | $56K | 50x | as long as short |
| Variational Omni OP | +0.0042% | 8h | 0.1262 | −0.156% | $223K | $48K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1263 | −0.040% | $6K | $46K | 10x | as long as short |
| Kraken Futures PF_OPUSD | +0.0057% | 1h | 0.1264 | +0.027% | $775K | $549K | 20x | as long as short |
| OKX OP-USDT-SWAP | +0.0092% | 8h | 0.1263 | −0.071% | $6.2M | $28.4M | 50x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Coinbase International OP-PERP-INTX
Variational Omni OP
Orderly PERP_OP_USDC
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 OPlong | +0.0096% | 1h | 0.1263 | long leg | $275K | $947K | 15x | |
| Hyperliquid OP | +0.0100% | 1h | 0.1264 | +0.055% | $3.7M | $2.8M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1264 | +0.036% | $211K | $216K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1263 | −0.079% | $20.3M | $60.9M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1262 | −0.111% | $18.5M | $24.8M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1264 | +0.008% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1263 | −0.079% | $21.2M | $7.3M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1262 | −0.119% | $2.8M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1264 | +0.040% | $5.8M | $6.5M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1263 | −0.040% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1262 | −0.087% | $117K | $205K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1263 | −0.069% | $4K | $388K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1262 | −0.119% | $316K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1264 | +0.040% | $43K | $709K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1263 | −0.079% | $203 | $6K | 5x | as long as short |
| HTX OP-USDTshort | +0.0100% | 8h | 0.1263 | 0.000% | $171K | $229K | 50x | |
| Extended OP-USD | +0.0104% | 1h | 0.1262 | −0.115% | $102K | $393K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1263 | −0.038% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1264 | +0.040% | $1.0M | $280K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0442% | 1h | 0.1262 | −0.084% | $702 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Reya OPRUSDPERP