Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: SoDEX against Lighter−0.080%7-day average — · you buy dearer than you sell
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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.080% cheaper against Lighter than usual: you would sell low and buy high, −$8 on $10k if it 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 | Lighter OP | 0.1258 | 0.0096 | pay 0.0012% / 1h | 24m 58s | $276K | $1.1M | 15x |
| Short | SoDEX OP-USD | 0.1257 | 0.0100 | get 0.0013% / 1h | 24m 58s | $204 | $6K | 5x |
Lighter OP
SoDEX OP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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: −0.080% → 0.000%
- −$7.95
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$15.11
- Costs to cover
- 0.080%
- Break-even
- 132.9 days
Slippage unknown: Lighter: live order book, 11 min ago; SoDEX: no order-book sample. 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 Lighter live order book, 11 min ago | 6.73 bp | 11.9 bp −$12 | 58.8 bp −$588 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 | 0.1251 | −0.525% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.0898% / S +0.0202% | 1h | 0.1250 | −0.571% | $13K | — | 100x | as long as short |
| Orderly PERP_OP_USDC | −0.0052% | 8h | 0.1256 | −0.127% | $59K | $177K | 10x | as long as short |
| Kraken Futures PF_OPUSD | −0.0034% | 1h | 0.1258 | +0.056% | $757K | $666K | 20x | as long as short |
| Variational Omni OP | −0.0006% | 8h | 0.1255 | −0.180% | $222K | $46K | — | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1259 | +0.110% | $39K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1257 | −0.048% | $32K | $154K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0005% / S −0.0004% | 1h | 0.1256 | −0.127% | $8K | — | 150x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0032% | 1h | 0.1259 | +0.111% | $24K | $64K | 50x | as long as short |
| Bybit OPUSDT | +0.0066% | 8h | 0.1254 | −0.254% | $18.4M | $26.1M | 75x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Orderly PERP_OP_USDC
Kraken Futures PF_OPUSD
Variational Omni OP
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Coinbase International OP-PERP-INTX
Bybit OPUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin OPUSDTM | +0.0066% | 8h | 0.1254 | −0.286% | $2.8M | $6.3M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0079% | 8h | 0.1255 | −0.239% | $6.1M | $29.6M | 50x | as long as short |
| Lighter OPlong | +0.0096% | 1h | 0.1258 | long leg | $276K | $1.1M | 15x | |
| Hyperliquid OP | +0.0100% | 1h | 0.1256 | −0.119% | $3.5M | $3.7M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1256 | −0.142% | $206K | $211K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1255 | −0.234% | $19.7M | $67.1M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1257 | −0.080% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1255 | −0.231% | $22.4M | $8.0M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1254 | −0.286% | $5.7M | $6.9M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1256 | −0.127% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1256 | −0.159% | $113K | $218K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1250 | −0.613% | $379K | $765K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1250 | −0.575% | $304K | $5.3M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1250 | −0.604% | $43K | $700K | 50x | as long as short |
| SoDEX OP-USDshort | +0.0100% | 1h | 0.1257 | −0.080% | $204 | $6K | 5x | |
| HTX OP-USDT | +0.0100% | 8h | 0.1258 | +0.032% | $170K | $255K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1254 | −0.268% | $102K | $510K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1257 | −0.064% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1257 | −0.080% | $1.0M | $325K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0443% | 1h | 0.1256 | −0.088% | $699 | — | 20x | as long as short |
KuCoin OPUSDTM
OKX OP-USDT-SWAP
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Gate OP_USDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Reya OPRUSDPERP