Funding you earn now, next payment 05:00 UTC+0.0824%/8h= +90.2% APRpaid last 24h +0.086%
Price spread now: Lighter against OKX+0.304%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1521.520% of the position
Funding, last 7 days+0.142%+$14 on $10k
+Price spread, last 4 days (all we have)−0.279%−$28 · spread now +0.304%, 7d avg +0.023%
=Together, before fees−0.137%+ Points / potential airdropLighter: Season 3 · farm board−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Lighter is 0.281% dearer against OKX than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.023%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.142% in total (about 7.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX BB-USDT-SWAP | 8.5830 | 0.0336 | pay 0.0336% / 8h | 3h 06m | $214K | $524K | 20x |
| Short | Lighter BB | 8.6091 | 0.1160 | get 0.0145% / 1h | 6m 55s | $189K | $144K | 10x |
OKX BB-USDT-SWAP
Lighter BBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against OKX. 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
- $172.98
- Price spread: +0.304% → +0.023%
- $28.11
- Slippage, 4 orders
- −$142.02
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $49.07
- Costs to cover
- 1.520%
- Break-even
- 5.0 days
Slippage from OKX: live order book, 44 min ago; Lighter: live order book, 28 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 OKX live order book, 44 min ago | 12.77 bp | 68.6 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 28 min ago | 14.21 bp | 14.2 bp −$14 | 24.5 bp −$245 | 70.0 bp −$6,997 | doesn't fit |
BB on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Extended BB-USD | −0.0720% | 1h | 8.5957 | +0.148% | $9K | $21K | 10x | as long as short |
| tradeXYZ xyz:BB | −0.0704% | 1h | 8.5965 | +0.157% | $10.9M | $3.1M | 10x | as long as short |
| Bitget BBSTOCKUSDT | 0.0000% | 8h | 8.5800 | −0.035% | $50K | $16K | 20x | as long as short |
| Vest BB-USD-PERP | +0.0046% | 1h | 8.5800 | −0.035% | — | $875 | 10x | as long as short |
| Ondo Perps BB-USD.P | +0.0050% | 1h | 8.5748 | −0.096% | $492K | $446K | 10x | as long as short |
| QFEX BB-USD | +0.0240% | 1h | 8.5800 | −0.035% | $1.1M | $192K | 10x | as long as short |
| OKX BB-USDT-SWAPlong | +0.0336% | 8h | 8.5830 | long leg | $214K | $524K | 20x | |
| MEXC BBSTOCK_USDT | +0.0617% | 8h | 8.5800 | −0.035% | $312K | $108K | 50x | as long as short |
| Lighter BBshort | +0.1160% | 1h | 8.6091 | +0.304% | $189K | $144K | 10x |
Extended BB-USD
tradeXYZ xyz:BB
Bitget BBSTOCKUSDT
Vest BB-USD-PERP
Ondo Perps BB-USD.P
QFEX BB-USD
MEXC BBSTOCK_USDT