Funding you earn now, next payment 10:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.005%
Price spread now: Lighter RH against Aster+2.834%7-day average +4.512% · you sell dearer than you buy
Net, funding: paid 7d − costs−$376as in the Funding arb table
Net, price: spread back to 7d avg − costs−$540as in the Price arb table
costs, in and out, $10k−$3723.721% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 4 days (all we have)+2.834%+$283 · spread now +2.834%, 7d avg +4.512%
=Together, before fees+2.796%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board+$280 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter RH is 1.678% cheaper against Aster than usual: you would sell low and buy high (−$168 if the spread goes back to its 7-day average of +4.512%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster OPENAIUSDT | 1,632 | 0.0050 | pay 0.0050% / 8h | 6h 59m | $213K | $3K | 20x |
| Short | Lighter RH OPENAI | 1,678.2 | 0.0032 | get 0.0004% / 1h | 59m 41s | $2.7M | $6.2M | 5x |
Aster OPENAIUSDT
Lighter RH OPENAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Aster. 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
- −$3.78
- Price spread: +2.834% → +4.512%
- −$167.84
- Slippage, 4 orders
- −$364.08
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$543.7
- Costs to cover
- 3.721%
- Break-even
- never at this rate
Slippage from Aster: live order book, 32 min ago; Lighter RH: live order book, 4 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 Aster live order book, 32 min ago | 30.21 bp | 283.6 bp −$284 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 1.88 bp | 5.1 bp −$5 | 96.5 bp −$965 | 553.6 bp −$55.4K | doesn't fit |
OPENAI on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX OPENAI-USD | −0.0004% | 1h | 1,629.4 | −0.156% | $1.2M | $645K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,712.3 | +4.922% | $1.4M | $276K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,661.2 | +1.789% | $731K | $285K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,654.5 | +1.380% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,627.5 | −0.277% | $47.0M | $12.1M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,631.1 | −0.055% | $5.4M | $3.8M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,630.3 | −0.103% | — | $2.1M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,629.6 | −0.143% | $3K | $3K | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,630.3 | −0.105% | $79K | $225K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,629.5 | −0.152% | $1.6M | $498K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDT
Phemex OPENAIUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAIshort | +0.0032% | 1h | 1,678.2 | +2.834% | $2.7M | $6.2M | 5x | |
| Extended OPENAI-USD | +0.0048% | 1h | 1,629.3 | −0.164% | $142K | $808K | 10x | as long as short |
| Aster OPENAIUSDTlong | +0.0050% | 8h | 1,632 | long leg | $213K | $3K | 20x | |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,630.4 | −0.095% | $23.0M | $16.5M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,631.5 | −0.033% | $6.7M | $2.4M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,631 | −0.059% | $376K | $146K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,629.1 | −0.174% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,628.9 | −0.191% | $2K | $173K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0074% | 8h | 1,629 | −0.183% | $476K | $306K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,629.2 | −0.173% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0225% | 1h | 1,668.4 | +2.232% | $7.6M | $2.4M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0344% | 1h | 1,635 | +0.185% | $231K | $176K | 5x | as long as short |
Extended OPENAI-USD
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Aevo OPENAI-PERP
Entropy io:OAI
Coinbase International OPENAI-PERP-INTX