Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.035%
Price spread now: Lighter against OKX+0.170%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$1081.079% of the position
Funding, last 7 days−0.674%−$67 on $10k
+Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.170%, 7d avg +0.072%
=Together, before fees−0.718%+ Points / potential airdropLighter: Season 3 · farm board−$72 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: Lighter is 0.099% dearer against OKX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.072%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX S-USDT-SWAP | 0.04110 | 0.0100 | pay 0.0050% / 4h | 1h 05m | $1.1M | $4.0M | 20x |
| Short | Lighter S | 0.04117 | 0.0096 | get 0.0012% / 1h | 5m 53s | $172K | $157K | 5x |
OKX S-USDT-SWAP
Lighter SFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against OKX. 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: +0.170% → +0.072%
- $9.86
- Slippage, 4 orders
- −$97.93
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$98.91
- Costs to cover
- 1.079%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Lighter: live order book, 39 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 OKX live order book, 2 min ago | 2.44 bp | 27.1 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 39 min ago | 15.83 bp | 28.3 bp −$28 | 108.0 bp −$1,080 | doesn't fit | doesn't fit |
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −1.1632% | 1h | 0.03970 | −3.406% | $25K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.1672% | 1h | 0.04108 | −0.039% | $34K | $13K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1456% | 1h | 0.04022 | −2.141% | $48K | $16K | 25x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04114 | +0.107% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04109 | −0.018% | $4 | — | 15x | as long as short |
| Variational Omni S | −0.0073% | 4h | 0.04105 | −0.117% | $637K | $31K | — | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04114 | +0.096% | $3K | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | −0.243% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDC | +0.0068% | 4h | 0.04113 | +0.073% | $102K | $319K | 10x | as long as short |
| Lighter Sshort | +0.0096% | 1h | 0.04117 | +0.170% | $172K | $157K | 5x |
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
Variational Omni S
gTrade (Gains Network) S/USD
Injective S/USDC PERP
Orderly PERP_S_USDCShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid S | +0.0100% | 1h | 0.04114 | +0.102% | $1.0M | $556K | 5x | as long as short |
| Aster SUSDT | +0.0100% | 4h | 0.04112 | +0.059% | $45K | $133K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04110 | 0.000% | $5.7M | $13.7M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04107 | −0.073% | $5.9M | $4.5M | 50x | as long as short |
| OKX S-USDT-SWAPlong | +0.0100% | 4h | 0.04110 | long leg | $1.1M | $4.0M | 20x | |
| Gate S_USDT | +0.0100% | 4h | 0.04109 | −0.024% | $338K | $201K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04109 | −0.024% | $4.0M | $1.8M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04108 | −0.049% | $1.9M | $2.7M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04110 | 0.000% | $1.2M | $2.1M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04109 | −0.024% | — | $6.7M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04100 | −0.243% | $25K | $453K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04107 | −0.062% | $231K | $1.1M | 10x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0236% | 1h | 0.04116 | +0.146% | $69K | $10K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04104 | −0.146% | $282K | $101K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.1515% | 1h | 0.04120 | +0.243% | $122K | $374K | 5x | as long as short |
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
Deribit S_USDC-PERPETUAL
BloFin S-USDT
Backpack S_USDC_PERP