Funding you earn now, next payment 23:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.009%
Price spread now: Lighter RH against Lighter−1.825%7-day average −1.325% · you buy dearer than you sell
Net, funding: paid 7d − costs−$292as in the Funding arb table
Net, price: spread back to 7d avg − costs−$349as in the Price arb table
costs, in and out, $10k−$2992.987% of the position
Funding, last 7 days+0.065%+$6 on $10k
+Price spread, last 7 days+1.251%+$125 · spread now −1.825%, 7d avg −1.325%
=Together, before fees+1.316%+ Points / potential airdropLighter: Season 3 · Lighter RH: Points live · farm board+$132 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.501% cheaper against Lighter than usual: you would sell low and buy high (spread −1.825% now, against its 7-day average of −1.325%). If the spread goes back, that is −$50 on $10k: about 52 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter OPENAI | 1,695 | 0 | get 0.0000% / 1h | 47m 29s | $1.4M | $289K | 5x |
| Short | Lighter RH OPENAI | 1,664.1 | 0.0032 | get 0.0004% / 1h | 47m 29s | $2.5M | $6.2M | 5x |
Lighter OPENAI
Lighter RH OPENAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $6.72
- Price spread: −1.825% → −1.325%
- −$50.05
- Slippage, 4 orders
- −$298.73
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$342.06
- Costs to cover
- 2.987%
- Break-even
- 363.3 days
Slippage from Lighter: live order book, 4 min ago; Lighter RH: live order book, 6 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, 4 min ago | 49.81 bp | 181.7 bp −$182 | 992.5 bp −$9,925 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 6 min ago | 2.59 bp | 7.1 bp −$7 | 70.8 bp −$708 | 493.0 bp −$49.3K | 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 | 1,625.7 | −4.089% | $1.2M | $371K | 10x | as long as short |
| Lighter OPENAIlong | 0.0000% | 1h | 1,695 | long leg | $1.4M | $289K | 5x | |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,671.7 | −1.376% | $760K | $225K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,657.9 | −2.188% | $5.1M | $1.4M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,622.7 | −4.265% | $52.8M | $40.6M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,627.5 | −3.984% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,627.1 | −4.005% | — | $2.6M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,626.5 | −4.041% | $79K | $213K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,625 | −4.129% | $1.6M | $582K | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | +0.0020% | 1h | 1,629.1 | −3.887% | — | $3 | 5x | as long as short |
QFEX OPENAI-USD
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Phemex OPENAIUSDT
Deribit OPENAI_USDC-PERPETUALShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAIshort | +0.0032% | 1h | 1,664.1 | −1.825% | $2.5M | $6.2M | 5x | |
| Entropy io:OAI | +0.0043% | 1h | 1,661.3 | −1.988% | $7.3M | $2.2M | 6x | as long as short |
| BloFin OPENAI-USDT | +0.0044% | 8h | 1,624.8 | −4.140% | $473K | $295K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,625.6 | −4.092% | $132K | $670K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,634 | −3.598% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,625.9 | −4.077% | $23.1M | $21.0M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,625.5 | −4.097% | $12.9M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,636.1 | −3.473% | $377K | $66K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,625.7 | −4.085% | $2.6M | $757K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,626.9 | −4.017% | $2K | $153K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,625.9 | −4.077% | — | — | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0456% | 1h | 1,628.6 | −3.916% | $237K | $106K | 5x | as long as short |
Entropy io:OAI
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
Coinbase International OPENAI-PERP-INTX