Funding you earn now, next payment 05:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.005%
Price spread now: Lighter RH against Binance+3.630%7-day average +5.667% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$240as in the Price arb table
costs, in and out, $10k−$370.366% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 7 days+3.191%+$319 · spread now +3.630%, 7d avg +5.667%
=Together, before fees+3.153%+ Points / potential airdropLighter RH: Points live · farm board+$315 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 2.037% cheaper against Binance than usual: you would sell low and buy high (−$204 if the spread goes back to its 7-day average of +5.667%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPENAIUSDT | 1,620.5 | 0.0050 | pay 0.0050% / 8h | 3h 48m | $22.8M | $17.8M | 20x |
| Short | Lighter RH OPENAI | 1,679.3 | 0.0032 | get 0.0004% / 1h | 48m 14s | $2.7M | $6.2M | 5x |
Binance OPENAIUSDT
Lighter RH OPENAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Binance. 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: +3.630% → +5.667%
- −$203.7
- Slippage, 4 orders
- −$26.62
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$244.1
- Costs to cover
- 0.366%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; Lighter RH: live order book, 5 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 Binance live order book, 8 min ago | 1.23 bp | 18.2 bp −$18 | 54.5 bp −$545 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 1.43 bp | 4.0 bp −$4 | 188.6 bp −$1,886 | 598.2 bp −$59.8K | 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 | −0.0001% | 1h | 1,620.5 | +0.001% | $1.2M | $558K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,711.9 | +5.644% | $1.4M | $265K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,663.7 | +2.665% | $755K | $207K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,650.4 | +1.847% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,617.5 | −0.183% | $52.3M | $25.3M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,622.5 | +0.124% | $5.5M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,622.4 | +0.119% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,621.7 | +0.073% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,620.7 | +0.011% | $79K | $221K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,620.6 | +0.006% | $1.6M | $543K | 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 | 1,679.3 | +3.630% | $2.7M | $6.2M | 5x | |
| Extended OPENAI-USD | +0.0048% | 1h | 1,620 | −0.027% | $141K | $737K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0049% | 8h | 1,620.4 | −0.004% | $472K | $286K | 20x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,627.3 | +0.421% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDTlong | +0.0050% | 8h | 1,620.5 | long leg | $22.8M | $17.8M | 20x | |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,620.5 | +0.003% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,625.3 | +0.300% | $375K | $68K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,620.4 | −0.004% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,621.5 | +0.062% | $2K | $155K | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0056% | 1h | 1,622 | +0.096% | $226K | $162K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,620.3 | −0.009% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0149% | 1h | 1,673.9 | +3.297% | $7.7M | $2.3M | 6x | as long as short |
Extended OPENAI-USD
BloFin OPENAI-USDT
Aster OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Coinbase International OPENAI-PERP-INTX
Aevo OPENAI-PERP
Entropy io:OAI