Funding you earn now, next payment 09:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h −0.001%
Price spread now: Bybit against Lighter−2.969%7-day average −3.589% · you buy dearer than you sell
Net, funding: paid 7d − costs−$181as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1811.806% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 4 days (all we have)−1.783%−$178 · spread now −2.969%, 7d avg −3.589%
=Together, before fees−1.785%+ Points / potential airdropLighter: Season 3 · farm board−$179 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.620% dearer against Lighter than usual: you sell high and buy low, +$62 on $10k if it goes back to its 7-day average of −3.589%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter OPENAI | 1,712.1 | 0.0008 | pay 0.0001% / 1h | 46m 19s | $1.4M | $273K | 5x |
| Short | Bybit OPENAIUSDT | 1,661.2 | 0 | get 0.0000% / 8h | 7h 46m | $727K | $274K | 25x |
Lighter OPENAI
Bybit OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$1.68
- Price spread: −2.969% → −3.589%
- $61.99
- Slippage, 4 orders
- −$169.58
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$120.27
- Costs to cover
- 1.806%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; Bybit: live order book, 48 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 | 1.34 bp | 19.6 bp −$20 | 453.6 bp −$4,536 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 48 min ago | 13.90 bp | 93.9 bp −$94 | 430.8 bp −$4,308 | 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 | −0.0004% | 1h | 1,623.6 | −5.167% | $1.2M | $629K | 10x | as long as short |
| Bybit OPENAIUSDTshort | 0.0000% | 8h | 1,661.2 | −2.969% | $727K | $274K | 25x | |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,651 | −3.567% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,621.3 | −5.299% | $45.8M | $9.5M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,624.7 | −5.106% | $5.4M | $3.9M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,624 | −5.144% | — | $2.3M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,623.8 | −5.157% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,624.1 | −5.136% | $79K | $225K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,623.5 | −5.176% | $1.6M | $499K | 10x | as long as short |
| Lighter OPENAIlong | +0.0008% | 1h | 1,712.1 | long leg | $1.4M | $273K | 5x |
QFEX OPENAI-USD
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 | 1,679.9 | −1.878% | $2.7M | $6.1M | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0046% | 8h | 1,623.1 | −5.196% | $474K | $296K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,623.3 | −5.185% | $141K | $804K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,626.2 | −5.014% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,623.8 | −5.156% | $22.9M | $16.3M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,625.8 | −5.042% | $6.6M | $2.4M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,624.1 | −5.136% | $374K | $92K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,624.4 | −5.121% | $2.6M | $760K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,624 | −5.143% | $2K | $176K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,623.5 | −5.171% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0265% | 1h | 1,669 | −2.516% | $7.6M | $2.3M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0344% | 1h | 1,629 | −4.852% | $236K | $172K | 5x | as long as short |
Lighter RH OPENAI
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
Coinbase International OPENAI-PERP-INTX