Funding you earn now, next payment 05:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.005%
Price spread now: Lighter RH against Extended+3.657%7-day average +4.733% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$187as in the Price arb table
costs, in and out, $10k−$790.790% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 4 days (all we have)+2.028%+$203 · spread now +3.657%, 7d avg +4.733%
=Together, before fees+1.995%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board+$199 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Lighter RH is 1.076% cheaper against Extended than usual: you would sell low and buy high (−$108 if the spread goes back to its 7-day average of +4.733%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended OPENAI-USD | 1,620 | 0.0048 | pay 0.0006% / 1h | 46m 48s | $141K | $737K | 10x |
| Short | Lighter RH OPENAI | 1,679.3 | 0.0032 | get 0.0004% / 1h | 46m 48s | $2.7M | $6.2M | 5x |
Extended OPENAI-USD
Lighter RH OPENAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Extended. 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
- −$3.36
- Price spread: +3.657% → +4.733%
- −$107.63
- Slippage, 4 orders
- −$74.01
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$190
- Costs to cover
- 0.790%
- Break-even
- never at this rate
Slippage from Extended: live order book, 6 min ago; Lighter RH: live order book, 2 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 Extended live order book, 6 min ago | 4.01 bp | 34.3 bp −$34 | 253.1 bp −$2,531 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 0.86 bp | 5.5 bp −$6 | 131.5 bp −$1,315 | 579.5 bp −$58.0K | 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 | 1,620.4 | +0.025% | $1.2M | $558K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,711.9 | +5.671% | $1.4M | $265K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,663.6 | +2.688% | $755K | $207K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,650.5 | +1.881% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,618 | −0.125% | $52.3M | $25.3M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,622.8 | +0.172% | $5.5M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,622.3 | +0.140% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,621.3 | +0.075% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,620.7 | +0.038% | $79K | $221K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,620 | −0.002% | $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 | +3.657% | $2.7M | $6.2M | 5x | |
| BloFin OPENAI-USDT | +0.0037% | 8h | 1,621.3 | +0.080% | $473K | $285K | 20x | as long as short |
| Extended OPENAI-USDlong | +0.0048% | 1h | 1,620 | long leg | $141K | $737K | 10x | |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,627.4 | +0.455% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,620.7 | +0.039% | $22.8M | $17.7M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,620.7 | +0.042% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,625.3 | +0.327% | $375K | $68K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,620.4 | +0.022% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,621 | +0.058% | $2K | $155K | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0056% | 1h | 1,622 | +0.123% | $226K | $162K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,620.2 | +0.012% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0140% | 1h | 1,673.6 | +3.306% | $7.7M | $2.3M | 6x | as long as short |
BloFin OPENAI-USDT
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Coinbase International OPENAI-PERP-INTX
Aevo OPENAI-PERP
Entropy io:OAI