Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.026%
Price spread now: OKX against Lighter+0.016%7-day average −0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$530.528% of the position
Funding, last 7 days−0.062%−$6 on $10k
+Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.016%, 7d avg −0.070%
=Together, before fees−0.152%+ Points / potential airdropLighter: Season 3 · farm board−$15 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.086% dearer against Lighter than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.070%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter OP | 0.1254 | 0.0096 | pay 0.0012% / 1h | 6m 14s | $275K | $1.1M | 15x |
| Short | OKX OP-USDT-SWAP | 0.1254 | 0.0100 | get 0.0100% / 8h | 2h 06m | $6.2M | $29.1M | 50x |
Lighter OP
OKX OP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +0.016% → −0.070%
- $8.64
- Slippage, 4 orders
- −$42.82
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$43.34
- Costs to cover
- 0.528%
- Break-even
- 368.2 days
Slippage from Lighter: live order book, 4 min ago; OKX: 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, 4 min ago | 3.98 bp | 16.4 bp −$16 | 44.4 bp −$444 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.40 bp | 10.0 bp −$10 | 30.2 bp −$302 | 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 | 0.1246 | −0.646% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1255 | +0.057% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0547% | 1h | 0.1254 | −0.008% | $33K | $153K | 25x | as long as short |
| Orderly PERP_OP_USDC | −0.0009% | 8h | 0.1253 | −0.088% | $59K | $142K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1254 | −0.026% | $39K | $532 | 10x | as long as short |
| Variational Omni OP | +0.0004% | 8h | 0.1251 | −0.213% | $222K | $46K | — | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1254 | +0.022% | — | — | 150x | as long as short |
| Bybit OPUSDT | +0.0067% | 8h | 0.1254 | −0.032% | $18.4M | $25.7M | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0074% | 1h | 0.1255 | +0.079% | $753K | $632K | 20x | as long as short |
| Lighter OPlong | +0.0096% | 1h | 0.1254 | long leg | $275K | $1.1M | 15x |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Orderly PERP_OP_USDC
dYdX OP-USD
Variational Omni OP
gTrade (Gains Network) OP/USD
Bybit OPUSDT
Kraken Futures PF_OPUSDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1254 | 0.000% | $3.4M | $3.2M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1255 | +0.063% | $205K | $213K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1254 | −0.024% | $19.6M | $64.8M | 75x | as long as short |
| OKX OP-USDT-SWAPshort | +0.0100% | 8h | 0.1254 | +0.016% | $6.2M | $29.1M | 50x | |
| Gate OP_USDT | +0.0100% | 8h | 0.1255 | +0.032% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1253 | −0.072% | $23.2M | $7.7M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1253 | −0.088% | $2.8M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1253 | −0.088% | $5.8M | $6.7M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1254 | −0.008% | — | $6.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1254 | −0.008% | $105K | $214K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1250 | −0.315% | $379K | $767K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1252 | −0.167% | $309K | $5.4M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1250 | −0.327% | $43K | $705K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1254 | −0.016% | $208 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1253 | −0.096% | $174K | $244K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1253 | −0.052% | $101K | $506K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1253 | −0.048% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0160% | 1h | 0.1254 | −0.008% | $26K | $60K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1253 | −0.056% | $981K | $307K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0443% | 1h | 0.1253 | −0.107% | $697 | — | 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
BloFin OP-USDT
Reya OPRUSDPERP