Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Bitget against Lighter−0.023%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$620.621% of the position
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 4 days (all we have)−0.206%−$21 · spread now −0.023%, 7d avg −0.033%
=Together, before fees−0.185%+ Points / potential airdropLighter: Season 3 · farm board−$19 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter OP | 0.1277 | 0.0096 | pay 0.0012% / 1h | 53m 06s | $281K | $941K | 15x |
| Short | Bitget OPUSDT | 0.1277 | 0.0100 | get 0.0100% / 8h | 3h 53m | $5.9M | $6.5M | 75x |
Lighter OP
Bitget OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: −0.023% → −0.033%
- $0.96
- Slippage, 4 orders
- −$50.11
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$60.31
- Costs to cover
- 0.621%
- Break-even
- 509.6 days
Slippage from Lighter: live order book, 62 min ago; Bitget: live order book, 5 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, 62 min ago | 8.27 bp | 9.1 bp −$9 | 38.2 bp −$382 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 3.94 bp | 11.7 bp −$12 | 26.8 bp −$268 | 97.1 bp −$9,705 | doesn't fit |
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 | −0.1568% | 1h | 0.1265 | −0.963% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1276 | −0.094% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1272 | −0.433% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1277 | −0.023% | $42K | $138K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1276 | −0.128% | — | — | 150x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0032% | 1h | 0.1262 | −1.198% | $24K | $62K | 50x | as long as short |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1276 | −0.102% | $6K | $45K | 10x | as long as short |
| Kraken Futures PF_OPUSD | +0.0056% | 1h | 0.1277 | −0.058% | $789K | $549K | 20x | as long as short |
| Variational Omni OP | +0.0060% | 8h | 0.1267 | −0.796% | $224K | $48K | — | as long as short |
| OKX OP-USDT-SWAP | +0.0075% | 8h | 0.1276 | −0.070% | $6.2M | $28.7M | 50x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Coinbase International OP-PERP-INTX
Orderly PERP_OP_USDC
Kraken Futures PF_OPUSD
Variational Omni OP
OKX OP-USDT-SWAPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter OPlong | +0.0096% | 1h | 0.1277 | long leg | $281K | $941K | 15x | |
| Hyperliquid OP | +0.0100% | 1h | 0.1276 | −0.117% | $3.7M | $2.8M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1275 | −0.214% | $213K | $216K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1277 | −0.041% | $20.7M | $60.4M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1276 | −0.133% | $18.8M | $24.9M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1275 | −0.180% | $2.0M | $1.4M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1277 | −0.031% | $21.6M | $7.1M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1276 | −0.102% | $2.9M | $6.4M | 75x | as long as short |
| Bitget OPUSDTshort | +0.0100% | 8h | 0.1277 | −0.023% | $5.9M | $6.5M | 75x | |
| BingX OP-USDT | +0.0100% | 8h | 0.1276 | −0.070% | — | $6.3M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1276 | −0.070% | $123K | $202K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1270 | −0.549% | $4K | $388K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1269 | −0.656% | $317K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1271 | −0.493% | $44K | $710K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1277 | −0.031% | $208 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1276 | −0.133% | $175K | $226K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1276 | −0.093% | $102K | $393K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1277 | −0.063% | $4K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1276 | −0.078% | $1.0M | $282K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0441% | 1h | 0.1275 | −0.213% | $709 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
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