Funding you earn now, next payment 09:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.020%
Price spread now: BloFin against Lighter−0.575%90s7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$430.430% of the position
Funding, last 7 days+0.161%+$16 on $10k
+Price spread, last 4 days (all we have)+1.220%+$122 · spread now −0.575%, 7d avg −0.034%
=Together, before fees+1.381%+ Points / potential airdropLighter: Season 3 · farm board+$138 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.541% cheaper against Lighter than usual: you would sell low and buy high (spread −0.575% now, against its 7-day average of −0.034%). If the spread goes back, that is −$54 on $10k: about 15 days of funding at the current rate (+$4 a day). The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter OP | 0.1253 | 0.0096 | pay 0.0012% / 1h | 23m 27s | $290K | $1.1M | 15x |
| Short | BloFin OP-USDT | 0.1246 | 0.0220 | get 0.0220% / 8h | 7h 23m | $992K | $323K | 75x |
Lighter OP
BloFin OP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $26.04
- Price spread: −0.575% → −0.034%
- −$54.1
- Slippage, 4 orders
- −$30.98
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$71.04
- Costs to cover
- 0.430%
- Break-even
- 26.1 days
Slippage from Lighter: live order book, 2 min ago; BloFin: live order book, 29 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 | 5.22 bp | 11.1 bp −$11 | 42.1 bp −$421 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 29 min ago | 3.61 bp | 11.5 bp −$11 | 16.2 bp −$162 | 51.0 bp −$5,104 | 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 | −0.1328% | 1h | 0.1235 | −1.429% | $34K | $63K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1164% / S +0.0246% | 1h | 0.1250 | −0.220% | $13K | — | 100x | as long as short |
| Orderly PERP_OP_USDC | −0.0048% | 8h | 0.1256 | +0.247% | $12K | $234K | 10x | as long as short |
| KuCoin OPUSDTM | −0.0004% | 8h | 0.1253 | +0.008% | $2.9M | $6.1M | 75x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1247 | −0.490% | $39K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1250 | −0.231% | $31K | $163K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S +0.0001% | 1h | 0.1246 | −0.546% | $1K | — | 150x | as long as short |
| Variational Omni OP | +0.0057% | 8h | 0.1240 | −1.053% | $220K | $47K | — | as long as short |
| Lighter OPlong | +0.0096% | 1h | 0.1253 | long leg | $290K | $1.1M | 15x | |
| Hyperliquid OP | +0.0100% | 1h | 0.1255 | +0.160% | $3.5M | $3.7M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Orderly PERP_OP_USDC
KuCoin OPUSDTM
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1254 | +0.120% | $202K | $214K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1256 | +0.252% | $19.4M | $68.8M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1255 | +0.208% | $18.3M | $26.5M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1256 | +0.231% | $6.0M | $29.8M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1255 | +0.144% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1255 | +0.192% | $22.3M | $7.8M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1255 | +0.168% | $5.8M | $6.9M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1256 | +0.247% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1250 | −0.216% | $112K | $223K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1244 | −0.722% | $4K | $1.1M | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1245 | −0.631% | $302K | $5.4M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1244 | −0.710% | $43K | $692K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1250 | −0.255% | $189 | $5K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1250 | −0.208% | $166K | $257K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1255 | +0.186% | $100K | $608K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1256 | +0.247% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0112% | 1h | 0.1244 | −0.710% | $25K | $69K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.0155% | 1h | 0.1251 | −0.169% | $741K | $730K | 20x | as long as short |
| BloFin OP-USDTshort | +0.0220% | 8h | 0.1246 | −0.575% | $992K | $323K | 75x | |
| Reya OPRUSDPERP | +0.0445% | 1h | 0.1254 | +0.125% | $698 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDC
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
Coinbase International OP-PERP-INTX
Kraken Futures PF_OPUSD
Reya OPRUSDPERP