Funding you earn now, next payment 02:00 UTC+0.0136%/8h= +14.9% APRnext payment +$0.17 per $10,000 · paid last 24h −0.242%
Price spread now: Lighter RH against Coinbase International+3.049%7-day average +4.237% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$440.438% of the position
Funding, last 7 days−0.719%−$72 on $10k
+Price spread, last 4 days (all we have)+1.651%+$165 · spread now +3.049%, 7d avg +4.237%
=Together, before fees+0.932%+ Points / potential airdropLighter RH: Points live · farm board+$93 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 1.187% cheaper against Coinbase International than usual: you would sell low and buy high (spread +3.049% now, against its 7-day average of +4.237%). If the spread goes back, that is −$119 on $10k: about 29 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.719%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International OPENAI-PERP-INTX | 1,625.2 | −0.0104 | get 0.0013% / 1h | 4m 51s | $225K | $159K | 5x |
| Short | Lighter RH OPENAI | 1,674.8 | 0.0032 | get 0.0004% / 1h | 4m 51s | $2.7M | $6.2M | 5x |
Coinbase International OPENAI-PERP-INTX
Lighter RH OPENAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Coinbase International. 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
- $28.56
- Price spread: +3.049% → +4.237%
- −$118.74
- Slippage, 4 orders
- −$33.8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$133.99
- Costs to cover
- 0.438%
- Break-even
- 39.8 days
Slippage from Coinbase International: live order book, 58 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 Coinbase International live order book, 58 min ago | 5.85 bp | 19.2 bp −$19 | 46.7 bp −$467 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 1.55 bp | 5.0 bp −$5 | 137.2 bp −$1,372 | 562.3 bp −$56.2K | 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-INTXlong | −0.0104% | 1h | 1,625.2 | long leg | $225K | $159K | 5x | |
| Lighter OPENAI | 0.0000% | 1h | 1,707.7 | +5.075% | $1.4M | $269K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,662.1 | +2.270% | $758K | $207K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,651.4 | +1.612% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,619.9 | −0.329% | $52.4M | $28.8M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,624.6 | −0.039% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,623.4 | −0.111% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,622.8 | −0.149% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,622.9 | −0.141% | $79K | $217K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,622.6 | −0.159% | $1.6M | $544K | 10x | as long as short |
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX OPENAI-USD | 0.0000% | 1h | 1,622.9 | −0.142% | $1.2M | $491K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0029% | 8h | 1,624.3 | −0.057% | $476K | $278K | 20x | as long as short |
| Lighter RH OPENAIshort | +0.0032% | 1h | 1,674.8 | +3.049% | $2.7M | $6.2M | 5x | |
| Extended OPENAI-USD | +0.0048% | 1h | 1,622.9 | −0.144% | $141K | $737K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,628.2 | +0.184% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,623.2 | −0.125% | $22.9M | $17.8M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,623.1 | −0.127% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,624.6 | −0.039% | $374K | $69K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,622.5 | −0.166% | $2.6M | $760K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,623.6 | −0.098% | $2K | $143K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,622.6 | −0.160% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0150% | 1h | 1,667.1 | +2.578% | $7.4M | $2.1M | 6x | as long as short |
QFEX OPENAI-USD
BloFin OPENAI-USDT
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