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Funding arb · Price arb /

BB

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0704%/8h= +77.1% APRnext payment +$0.88 per $10,000 · paid last 24h +0.079%
Price spread now: Lighter against Ondo Perps+0.356%7-day average +0.124% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Ondo PerpsShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days+0.062%+$6 on $10k
Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.356%, 7d avg +0.124%
Together, before fees−0.046%+ Points / potential airdropOndo Perps: Active · Lighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Lighter is 0.232% dearer against Ondo Perps than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.124%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.062% in total (about 3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.88 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps BB-USD.P8.59650.0376pay 0.0047% / 1h37m 32s$469K$436K10x
ShortLighter BB8.62710.1080get 0.0135% / 1h37m 32s$189K$141K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Ondo Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$147.84
Price spread: +0.356% → +0.124%
$23.17
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Lighter: 0 bp × 2 orders
$0
Net
$166.01
Costs to cover
0.050%
Break-even
from the start
Slippage unknown: Ondo Perps: no order-book sample; Lighter: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample—————
Sell Lighter live order book, 2 min ago17.44 bp17.4 bp −$1729.4 bp −$29476.2 bp −$7,616doesn't fit
Ondo Perps: 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.

BB on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget BBSTOCKUSDT0.0000%8h8.5960−0.006%$49K$23K20xas long as short
Vest BB-USD-PERP+0.0046%1h8.5900−0.076%—$1K10xas long as short
QFEX BB-USD+0.0080%1h8.5900−0.076%$1.1M$239K10xas long as short
OKX BB-USDT-SWAP+0.0284%8h8.6270+0.355%$220K$525K20xas long as short
Ondo Perps BB-USD.Plong+0.0376%1h8.5965long leg$469K$436K10x
Extended BB-USD+0.0560%1h8.6164+0.232%$9K$21K10xas long as short
tradeXYZ xyz:BB+0.0573%1h8.6056+0.106%$10.8M$3.5M10xas long as short
MEXC BBSTOCK_USDT+0.0582%8h8.5900−0.076%$312K$106K50xas long as short
Lighter BBshort+0.1080%1h8.6271+0.356%$189K$141K10x