Funding you earn now, next payment 11:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h +0.001%
Price spread now: SoDEX against Lighter−0.041%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 against this trade now: funding costs −$1 a day on $10k at the current rate, and SoDEX is 0.041% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter OP | 0.1233 | 0.0096 | pay 0.0012% / 1h | 2m 50s | $255K | $1.1M | 15x |
| Short | SoDEX OP-USD | 0.1232 | 0.0072 | get 0.0009% / 1h | 2m 50s | $185 | $5K | 5x |
Lighter OP
SoDEX OP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$5.08
- Price spread: −0.041% → 0.000%
- −$4.06
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$17.14
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 1 min ago; SoDEX: no order-book sample. 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 Lighter live order book, 1 min ago | 5.28 bp | 16.4 bp −$16 | 56.9 bp −$569 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX OP/USD [OP-USDC] | L −0.0886% / S +0.0200% | 1h | 0.1234 | +0.109% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0561% | 1h | 0.1232 | −0.065% | $30K | $112K | 25x | as long as short |
| Hyperliquid OP | −0.0467% | 1h | 0.1232 | −0.081% | $3.8M | $3.9M | 5x | as long as short |
| Binance OPUSDT | −0.0114% | 8h | 0.1232 | −0.073% | $19.0M | $65.9M | 75x | as long as short |
| MEXC OP_USDT | −0.0114% | 8h | 0.1232 | −0.057% | $21.6M | $7.4M | 300x | as long as short |
| Extended OP-USD | −0.0112% | 1h | 0.1232 | −0.094% | $99K | $575K | 25x | as long as short |
| Orderly PERP_OP_USDC | −0.0081% | 8h | 0.1232 | −0.065% | $12K | $231K | 10x | as long as short |
| Gate OP_USDT | −0.0055% | 8h | 0.1234 | +0.081% | $1.9M | $1.4M | 50x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0048% | 1h | 0.1233 | +0.016% | $24K | $69K | 50x | as long as short |
| GRVT OP_USDT_Perp | −0.0014% | 8h | 0.1232 | −0.065% | $305K | $5.8M | 10x | as long as short |
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Hyperliquid OP
Binance OPUSDT
MEXC OP_USDT
Extended OP-USD
Orderly PERP_OP_USDC
Gate OP_USDT
Coinbase International OP-PERP-INTX
GRVT OP_USDT_PerpShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX OP-USD | 0.0000% | 1h | 0.1233 | +0.055% | $38K | $522 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1233 | +0.032% | — | — | 150x | as long as short |
| BloFin OP-USDT | +0.0006% | 8h | 0.1232 | −0.024% | $978K | $277K | 75x | as long as short |
| Injective OP/USDC PERP | +0.0033% | 1h | 0.1257 | +1.963% | $35K | $67K | 12x | as long as short |
| Aevo OP-PERP | +0.0056% | 1h | 0.1232 | −0.065% | $3K | $1K | 3x | as long as short |
| Variational Omni OP | +0.0062% | 8h | 0.1233 | −0.006% | $219K | $45K | — | as long as short |
| SoDEX OP-USDshort | +0.0072% | 1h | 0.1232 | −0.041% | $185 | $5K | 5x | |
| KuCoin OPUSDTM | +0.0085% | 8h | 0.1232 | −0.065% | $2.9M | $5.4M | 75x | as long as short |
| Lighter OPlong | +0.0096% | 1h | 0.1233 | long leg | $255K | $1.1M | 15x | |
| Aster OPUSDT | +0.0100% | 8h | 0.1234 | +0.080% | $204K | $211K | 10x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1232 | −0.081% | $17.8M | $24.4M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1232 | −0.041% | $6.0M | $27.1M | 50x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1232 | −0.065% | $5.8M | $6.7M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1233 | −0.016% | — | $6.4M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1232 | −0.032% | $114K | $213K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1232 | −0.068% | $4K | $1.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1232 | −0.065% | $43K | $687K | 50x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1232 | −0.032% | $167K | $261K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.0157% | 1h | 0.1233 | +0.040% | $732K | $735K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0447% | 1h | 0.1232 | −0.094% | $685 | — | 20x | as long as short |
dYdX OP-USD
gTrade (Gains Network) OP/USD
BloFin OP-USDT
Injective OP/USDC PERP
Aevo OP-PERP
Variational Omni OP
KuCoin OPUSDTM
Aster OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
ApeX Omni OPUSDT
HTX OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP