Funding you earn now, next payment 22:00 UTC−0.0005%/8h= −0.6% APRnext payment −$0.01 per $10,000 · paid last 24h −0.002%
Price spread now: QFEX against Lighter−3.983%52s7-day average −7.117% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2922.918% of the position
Funding, last 3 days (all we have)−0.005%−$1 on $10k
+Price spread, last 7 days−3.407%−$341 · spread now −3.983%, 7d avg −7.117%
=Together, before fees−3.412%+ Points / potential airdropLighter: Season 3 · farm board−$341 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: QFEX is 3.134% dearer against Lighter than usual: you sell high and buy low, +$313 on $10k if it goes back to its 7-day average of −7.117%. The two prices were read 52 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 | 1,696.8 | 0 | get 0.0000% / 1h | 58m 41s | $1.4M | $289K | 5x |
| Short | QFEX OPENAI-USD | 1,629.3 | −0.0005 | pay 0.0001% / 1h | 58m 41s | $1.2M | $364K | 10x |
Lighter OPENAI
QFEX OPENAI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$1.08
- Price spread: −3.983% → −7.117%
- $313.43
- Slippage, 4 orders
- −$281.8
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- $20.55
- Costs to cover
- 2.918%
- Break-even
- from the start
Slippage from Lighter: live order book, 3 min ago; QFEX: live order book, 3 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, 3 min ago | 45.82 bp | 188.9 bp −$189 | 997.2 bp −$9,972 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 3 min ago | 2.79 bp | 11.8 bp −$12 | 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-USDshort | −0.0005% | 1h | 1,629.3 | −3.983% | $1.2M | $364K | 10x | |
| Lighter OPENAIlong | 0.0000% | 1h | 1,696.8 | long leg | $1.4M | $289K | 5x | |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,674.2 | −1.335% | $761K | $225K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,658.9 | −2.235% | $5.1M | $1.4M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,626 | −4.177% | $52.9M | $40.6M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,628.9 | −4.002% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,630.6 | −3.903% | — | $2.6M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,629.7 | −3.957% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,630 | −3.940% | $79K | $213K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,628.6 | −4.020% | $1.6M | $583K | 10x | as long as short |
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 | 1,664.8 | −1.886% | $2.6M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,629 | −3.997% | $133K | $656K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0050% | 8h | 1,629.5 | −3.967% | $474K | $296K | 20x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,633.6 | −3.724% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,627.3 | −4.099% | $23.2M | $21.2M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,626.8 | −4.129% | $12.9M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,636.1 | −3.578% | $374K | $66K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,629.1 | −3.993% | $2.6M | $755K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,629.2 | −3.986% | $2K | $153K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,629.1 | −3.993% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0119% | 1h | 1,662.7 | −2.011% | $7.3M | $2.2M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0456% | 1h | 1,633.2 | −3.751% | $237K | $106K | 5x | as long as short |
Lighter RH OPENAI
Extended OPENAI-USD
BloFin OPENAI-USDT
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