Funding you earn now, next payment 23:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.017%
Price spread now: BloFin against Lighter−4.595%60s7-day average −6.458% · you buy dearer than you sell
Net, funding: paid 7d − costs−$234as 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−$2452.448% of the position
Funding, last 7 days+0.109%+$11 on $10k
+Price spread, last 3 days (all we have)−3.395%−$340 · spread now −4.595%, 7d avg −6.458%
=Together, before fees−3.287%+ Points / potential airdropLighter: Season 3 · farm board−$329 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 1.863% dearer against Lighter than usual: you sell high and buy low: +$186 more if the spread goes back to its 7-day average of −6.458%. The two prices were read 60 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 | Lighter OPENAI | 1,696.5 | 0 | get 0.0000% / 1h | 6m 15s | $1.4M | $291K | 5x |
| Short | BloFin OPENAI-USDT | 1,618.5 | 0.0072 | get 0.0072% / 8h | 1h 06m | $470K | $281K | 20x |
Lighter OPENAI
BloFin OPENAI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Lighter. 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
- $15.1
- Price spread: −4.595% → −6.458%
- $186.29
- Slippage, 4 orders
- −$232.77
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$43.38
- Costs to cover
- 2.448%
- Break-even
- 27.1 days
Slippage from Lighter: live order book, 5 min ago; BloFin: live order book, 10 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 Lighter live order book, 5 min ago | 1.20 bp | 117.0 bp −$117 | 947.6 bp −$9,476 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 10 min ago | 0.37 bp | 15.0 bp −$15 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX OPENAI-USD | −0.0005% | 1h | 1,618.5 | −4.599% | $1.2M | $387K | 10x | as long as short |
| Lighter OPENAIlong | 0.0000% | 1h | 1,696.5 | long leg | $1.4M | $291K | 5x | |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,667.5 | −1.709% | $763K | $226K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,650.2 | −2.729% | $5.1M | $1.4M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,616.5 | −4.713% | $52.5M | $40.7M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,621.3 | −4.432% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,620.9 | −4.456% | — | $2.6M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,620.8 | −4.460% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,620 | −4.510% | $78K | $213K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,618.5 | −4.595% | $1.6M | $568K | 10x | as long as short |
QFEX OPENAI-USD
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 OPENAI | +0.0032% | 1h | 1,669.1 | −1.616% | $2.6M | $6.4M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,618.1 | −4.620% | $131K | $667K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,625 | −4.211% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,618.4 | −4.601% | $23.0M | $19.4M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,619.2 | −4.554% | $13.0M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,626.2 | −4.146% | $375K | $66K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,618.8 | −4.579% | $2.6M | $755K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,619.2 | −4.554% | $2K | $148K | 10x | as long as short |
| BloFin OPENAI-USDTshort | +0.0072% | 8h | 1,618.5 | −4.595% | $470K | $281K | 20x | |
| Entropy io:OAI | +0.0096% | 1h | 1,661.4 | −2.068% | $7.3M | $2.2M | 6x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,618.2 | −4.614% | — | — | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0456% | 1h | 1,620 | −4.507% | $235K | $144K | 5x | as long as short |
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Entropy io:OAI
Aevo OPENAI-PERP
Coinbase International OPENAI-PERP-INTX