Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter against OKX−0.046%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$290.291% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 7 days+0.038%+$4 · spread now −0.046%, 7d avg −0.071%
=Together, before fees+0.035%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.025% dearer against OKX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.071%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX COIN-USDT-SWAP | 197.16 | 0 | get 0.0000% / 8h | 4h 10m | $3.0M | $4.6M | 20x |
| Short | Lighter COIN | 197.07 | 0.0032 | get 0.0004% / 1h | 10m 27s | $347K | $2.0M | 10x |
OKX COIN-USDT-SWAP
Lighter COINFunding 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
- $6.72
- Price spread: −0.046% → −0.071%
- $2.49
- Slippage, 4 orders
- −$19.11
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$19.9
- Costs to cover
- 0.291%
- Break-even
- 27.7 days
Slippage from OKX: live order book, 2 min ago; Lighter: live order book, 6 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, 2 min ago | 0.76 bp | 8.2 bp −$8 | 17.5 bp −$175 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 2.11 bp | 3.2 bp −$3 | 5.3 bp −$53 | doesn't fit | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0758% | 8h | 197.22 | +0.030% | $6.3M | $10.3M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.89 | −0.137% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0214% | 8h | 197.21 | +0.025% | $1.2M | $7.3M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0105% | 1h | 196.61 | −0.279% | — | $271K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.28 | +0.063% | $345K | $885K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.08 | −0.038% | $117K | $695K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.23 | +0.036% | $14.8M | $79.4M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 197.21 | +0.025% | $4.8M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAPlong | 0.0000% | 8h | 197.16 | long leg | $3.0M | $4.6M | 20x | |
| Variational Omni COIN | 0.0000% | 8h | 197.03 | −0.067% | $680K | $935K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.12 | −0.020% | $19K | $2.3M | 10x | as long as short |
| QFEX COIN-USD | +0.0013% | 1h | 197.18 | +0.010% | $1.3M | $3.2M | 10x | as long as short |
| Lighter COINshort | +0.0032% | 1h | 197.07 | −0.046% | $347K | $2.0M | 10x | |
| Lighter RH COIN | +0.0032% | 1h | 197.08 | −0.041% | $447K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.12 | −0.020% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.11 | −0.025% | $15.4M | $13.5M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.09 | −0.036% | $134K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.99 | −0.086% | $63 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.87 | −0.147% | $349K | $2.7M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.11 | −0.025% | $993K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.95 | −0.107% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.16 | 0.000% | $570 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.01 | −0.079% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.04 | −0.061% | $188K | $392K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 196.92 | −0.122% | $4K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0591% | 4h | 197.04 | −0.063% | $51K | $296K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC