Funding you earn now, next payment 07:00 UTC+0.0092%/8h= +10.0% APRnext payment +$0.11 per $10,000 · paid last 24h +0.027%
Price spread now: Lighter against gTrade (Gains Network)+0.040%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.040% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) OP/USD | 0.1255 | L +0.0004% / S −0.0004% | pay 0.0001% / 1h | 12m 20s | — | — | 150x |
| Short | Lighter OP | 0.1255 | 0.0096 | get 0.0012% / 1h | 12m 20s | $275K | $1.1M | 15x |
gTrade (Gains Network) OP/USD
Lighter OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against gTrade (Gains Network). 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
- $19.22
- Price spread: +0.040% → 0.000%
- $3.98
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $13.2
- Costs to cover
- 0.100%
- Break-even
- 2.2 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Lighter: live order book, 3 min ago. 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 3 min ago | 5.97 bp | 22.9 bp −$23 | 71.7 bp −$717 | doesn't fit | doesn't fit |
gTrade (Gains Network): 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1760% | 1h | 0.1246 | −0.701% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.0898% / S +0.0202% | 1h | 0.1254 | −0.041% | $13K | — | 100x | as long as short |
| Orderly PERP_OP_USDC | −0.0056% | 8h | 0.1254 | −0.064% | $12K | $236K | 10x | as long as short |
| Kraken Futures PF_OPUSD | −0.0034% | 1h | 0.1255 | +0.035% | $754K | $665K | 20x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1255 | −0.003% | $39K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1255 | +0.016% | $32K | $154K | 25x | as long as short |
| Variational Omni OP | +0.0004% | 8h | 0.1252 | −0.229% | $221K | $46K | — | as long as short |
| gTrade (Gains Network) OP/USDlong | L +0.0004% / S −0.0004% | 1h | 0.1255 | long leg | — | — | 150x | |
| Coinbase International OP-PERP-INTX | +0.0032% | 1h | 0.1253 | −0.143% | $24K | $65K | 50x | as long as short |
| KuCoin OPUSDTM | +0.0081% | 8h | 0.1254 | −0.064% | $2.8M | $6.2M | 75x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Orderly PERP_OP_USDC
Kraken Futures PF_OPUSD
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
Variational Omni OP
Coinbase International OP-PERP-INTX
KuCoin OPUSDTMShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit OPUSDT | +0.0093% | 8h | 0.1254 | −0.048% | $18.4M | $26.1M | 75x | as long as short |
| Lighter OPshort | +0.0096% | 1h | 0.1255 | +0.040% | $275K | $1.1M | 15x | |
| OKX OP-USDT-SWAP | +0.0098% | 8h | 0.1255 | −0.024% | $6.1M | $29.5M | 50x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1256 | +0.096% | $3.5M | $3.7M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1255 | +0.034% | $206K | $210K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1255 | +0.020% | $19.9M | $67.1M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1255 | 0.000% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1255 | +0.016% | $22.5M | $8.0M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1254 | −0.064% | $5.7M | $6.9M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1255 | 0.000% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1254 | −0.072% | $115K | $220K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1255 | −0.002% | $4K | $1.1M | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1255 | +0.043% | $310K | $5.2M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1256 | +0.096% | $43K | $698K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1255 | −0.008% | $202 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1256 | +0.064% | $168K | $256K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1254 | −0.045% | $102K | $505K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1255 | −0.002% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1254 | −0.080% | $998K | $324K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0444% | 1h | 0.1254 | −0.026% | $698 | — | 20x | as long as short |
Bybit OPUSDT
OKX OP-USDT-SWAP
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Gate OP_USDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Reya OPRUSDPERP