Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.025%
Price spread now: OKX against Lighter−0.052%7-day average −0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$540.542% of the position
Funding, last 7 days−0.109%−$11 on $10k
+Price spread, last 7 days+0.183%+$18 · spread now −0.052%, 7d avg −0.103%
=Together, before fees+0.073%+ Points / potential airdropLighter: Season 3 · farm board+$7 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 0.051% dearer against Lighter than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.103%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ETHFI | 0.6971 | 0.0096 | pay 0.0012% / 1h | 24m 08s | $1.1M | $835K | 5x |
| Short | OKX ETHFI-USDT-SWAP | 0.6967 | 0.0100 | get 0.0050% / 4h | 3h 24m | $5.1M | $12.6M | 20x |
Lighter ETHFI
OKX ETHFI-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: −0.052% → −0.103%
- $5.13
- Slippage, 4 orders
- −$44.21
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$48.24
- Costs to cover
- 0.542%
- Break-even
- 409.0 days
Slippage from Lighter: live order book, 2 min ago; OKX: live order book, 4 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, 2 min ago | 5.82 bp | 6.0 bp −$6 | 88.5 bp −$885 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 2.16 bp | 15.7 bp −$16 | 49.8 bp −$498 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0380% | 4h | 0.6936 | −0.496% | $82K | $150K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0280% | 4h | 0.6961 | −0.138% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0269% | 4h | 0.6931 | −0.566% | $925K | $790K | — | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0181% | 1h | 0.6965 | −0.080% | $41K | $12K | 10x | as long as short |
| Bybit ETHFIUSDT | −0.0097% | 4h | 0.6964 | −0.095% | $17.0M | $13.0M | 25x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0088% | 8h | 0.6946 | −0.353% | $6K | — | 5x | as long as short |
| MEXC ETHFI_USDT | +0.0024% | 4h | 0.6963 | −0.109% | $15.8M | $4.2M | 125x | as long as short |
| Aster ETHFIUSDT | +0.0027% | 4h | 0.6967 | −0.048% | $178K | $230K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0029% | 4h | 0.6970 | −0.005% | $24.4M | $35.7M | 75x | as long as short |
| Extended ETHFI-USD | +0.0032% | 1h | 0.6959 | −0.162% | $94K | $501K | 10x | as long as short |
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Deribit ETHFI_USDC-PERPETUAL
Bybit ETHFIUSDT
Paradex ETHFI-USD-PERP
MEXC ETHFI_USDT
Aster ETHFIUSDT
Binance ETHFIUSDT
Extended ETHFI-USDShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.865% | $321 | $51K | 5.5x | as long as short |
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.6965 | −0.080% | $8K | — | 3x | as long as short |
| Lighter ETHFIlong | +0.0096% | 1h | 0.6971 | long leg | $1.1M | $835K | 5x | |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6966 | −0.073% | $16.6M | $8.5M | 5x | as long as short |
| OKX ETHFI-USDT-SWAPshort | +0.0100% | 4h | 0.6967 | −0.052% | $5.1M | $12.6M | 20x | |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6967 | −0.052% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.6959 | −0.166% | $1.2M | $211K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6962 | −0.123% | $6.1M | $4.3M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.6964 | −0.095% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6962 | −0.123% | $52K | $149K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6961 | −0.138% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0101% | 4h | 0.6937 | −0.482% | $1.2M | $231K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0336% | 1h | 0.7020 | +0.709% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0866% | 1h | 0.6975 | +0.066% | $293K | $289K | 20x | as long as short |
Injective ETHFI/USDC PERP
Aevo ETHFI-PERP
Hyperliquid ETHFI
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD