Funding you earn now, next payment 07:00 UTC+0.0781%/8h= +85.6% APRpaid last 24h +0.116%
Price spread now: Lighter against OKX−0.074%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$222as in the Funding arb table
Net, price: spread back to 7d avg − costs−$250as in the Price arb table
costs, in and out, $10k−$2402.400% of the position
Funding, last 7 days+0.178%+$18 on $10k
+Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.074%, 7d avg +0.026%
=Together, before fees+0.251%+ Points / potential airdropLighter: Season 3 · farm board+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.099% cheaper against OKX than usual: you would sell low and buy high (spread −0.074% now, against its 7-day average of +0.026%). If the spread goes back, that is −$10 on $10k: about 10 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.178% in total) that is about 3.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.178% in total (about 9.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX BB-USDT-SWAP | 8.5570 | 0.0267 | pay 0.0267% / 8h | 1h 15m | $211K | $539K | 20x |
| Short | Lighter BB | 8.5507 | 0.1048 | get 0.0131% / 1h | 15m 20s | $187K | $147K | 10x |
OKX BB-USDT-SWAP
Lighter BBFunding 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
- $164.08
- Price spread: −0.074% → +0.026%
- −$9.94
- Slippage, 4 orders
- −$229.98
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$85.84
- Costs to cover
- 2.400%
- Break-even
- 10.7 days
Slippage from OKX: live order book, 26 min ago; Lighter: live order book, 9 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, 26 min ago | 6.42 bp | 136.9 bp −$137 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 9 min ago | 14.72 bp | 14.7 bp −$15 | 27.1 bp −$271 | 74.5 bp −$7,448 | doesn't fit |
BB on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:BB | −0.1279% | 1h | 8.5386 | −0.215% | $10.8M | $3.2M | 10x | as long as short |
| Extended BB-USD | −0.1256% | 1h | 8.5388 | −0.212% | $9K | $11K | 10x | as long as short |
| Bitget BBSTOCKUSDT | 0.0000% | 8h | 8.5280 | −0.339% | $49K | $16K | 20x | as long as short |
| Vest BB-USD-PERP | +0.0046% | 1h | 8.5300 | −0.316% | — | $875 | 10x | as long as short |
| Ondo Perps BB-USD.P | +0.0050% | 1h | 8.5296 | −0.320% | $490K | $441K | 10x | as long as short |
| QFEX BB-USD | +0.0080% | 1h | 8.5500 | −0.082% | $1.1M | $174K | 10x | as long as short |
| OKX BB-USDT-SWAPlong | +0.0267% | 8h | 8.5570 | long leg | $211K | $539K | 20x | |
| MEXC BBSTOCK_USDT | +0.0515% | 8h | 8.5300 | −0.316% | $310K | $108K | 50x | as long as short |
| Lighter BBshort | +0.1048% | 1h | 8.5507 | −0.074% | $187K | $147K | 10x |
tradeXYZ xyz:BB
Extended BB-USD
Bitget BBSTOCKUSDT
Vest BB-USD-PERP
Ondo Perps BB-USD.P
QFEX BB-USD
MEXC BBSTOCK_USDT