Funding you earn now, next payment 03:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.011%
Price spread now: Lighter against BloFin+5.215%90s7-day average +6.393% · you sell dearer than you buy
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1021.023% of the position
Funding, last 7 days−0.104%−$10 on $10k
+Price spread, last 4 days (all we have)+2.546%+$255 · spread now +5.215%, 7d avg +6.393%
=Together, before fees+2.442%+ Points / potential airdropLighter: Season 3 · farm board+$244 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 is 1.178% cheaper against BloFin than usual: you would sell low and buy high (−$118 if the spread goes back to its 7-day average of +6.393%). Swap the legs. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin OPENAI-USDT | 1,623.1 | 0.0044 | pay 0.0044% / 8h | 5h 05m | $474K | $277K | 20x |
| Short | Lighter OPENAI | 1,707.7 | 0 | get 0.0000% / 1h | 5m 22s | $1.4M | $269K | 5x |
BloFin OPENAI-USDT
Lighter OPENAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. 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
- −$9.19
- Price spread: +5.215% → +6.393%
- −$117.82
- Slippage, 4 orders
- −$90.26
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$229.27
- Costs to cover
- 1.023%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 36 min ago; Lighter: live order book, 1 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 BloFin live order book, 36 min ago | 1.14 bp | 17.8 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 1 min ago | 0.03 bp | 50.3 bp −$50 | 112.7 bp −$1,127 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OPENAI-PERP-INTX | −0.0104% | 1h | 1,625.2 | +0.129% | $225K | $159K | 5x | as long as short |
| Lighter OPENAIshort | 0.0000% | 1h | 1,707.7 | +5.215% | $1.4M | $269K | 5x | |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,662.1 | +2.403% | $758K | $207K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,651.3 | +1.737% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,619.4 | −0.229% | $52.4M | $28.8M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,623.9 | +0.051% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,623.4 | +0.018% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,622.8 | −0.020% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,623.3 | +0.015% | $79K | $217K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,622.6 | −0.030% | $1.6M | $545K | 10x | as long as short |
Coinbase International OPENAI-PERP-INTX
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX OPENAI-USD | 0.0000% | 1h | 1,622.9 | −0.013% | $1.2M | $491K | 10x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,674.8 | +3.186% | $2.7M | $6.2M | 5x | as long as short |
| BloFin OPENAI-USDTlong | +0.0044% | 8h | 1,623.1 | long leg | $474K | $277K | 20x | |
| Extended OPENAI-USD | +0.0048% | 1h | 1,622.6 | −0.031% | $141K | $737K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,628 | +0.301% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,623 | −0.006% | $22.9M | $17.8M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,622.9 | −0.015% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,624.6 | +0.091% | $374K | $69K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,622.5 | −0.037% | $2.6M | $760K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,623.6 | +0.031% | $2K | $143K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,622.6 | −0.031% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0150% | 1h | 1,667.1 | +2.711% | $7.4M | $2.1M | 6x | as long as short |
QFEX OPENAI-USD
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI