Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: Bitget against Lighter RH−3.090%7-day average −5.777% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs+$187as in the Price arb table
costs, in and out, $10k−$820.821% of the position
Funding, last 7 days−0.067%−$7 on $10k
+Price spread, last 7 days−3.767%−$377 · spread now −3.090%, 7d avg −5.777%
=Together, before fees−3.834%+ Points / potential airdropLighter RH: Points live · farm board−$383 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 2.687% dearer against Lighter RH than usual: you sell high and buy low (spread −3.090% now, against its 7-day average of −5.777%): +$269 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH OPENAI | 1,675.8 | 0.0032 | pay 0.0004% / 1h | 12m 24s | $2.7M | $6.2M | 5x |
| Short | Bitget OPENAIUSDT | 1,624 | 0 | get 0.0000% / 8h | 5h 12m | $5.5M | $5.1M | 20x |
Lighter RH OPENAI
Bitget OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Lighter RH. 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: −3.090% → −5.777%
- $268.72
- Slippage, 4 orders
- −$70.12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $179.88
- Costs to cover
- 0.821%
- Break-even
- from the start
Slippage from Lighter RH: live order book, 1 min ago; Bitget: live order book, 1 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 RH live order book, 1 min ago | 2.00 bp | 4.0 bp −$4 | 50.2 bp −$502 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 0.99 bp | 40.2 bp −$40 | 77.7 bp −$777 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OPENAI-PERP-INTX | −0.0104% | 1h | 1,625.2 | −3.017% | $225K | $160K | 5x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,708.7 | +1.966% | $1.4M | $269K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,664 | −0.705% | $758K | $206K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,651.2 | −1.466% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,619.9 | −3.336% | $52.4M | $28.8M | 50x | as long as short |
| Bitget OPENAIUSDTshort | 0.0000% | 8h | 1,624 | −3.090% | $5.5M | $5.1M | 20x | |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,623.8 | −3.101% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,622.3 | −3.190% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,623.8 | −3.104% | $79K | $217K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,622.7 | −3.164% | $1.6M | $545K | 10x | as long as short |
Coinbase International OPENAI-PERP-INTX
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX OPENAI-USD | 0.0000% | 1h | 1,623.3 | −3.134% | $1.2M | $487K | 10x | as long as short |
| Lighter RH OPENAIlong | +0.0032% | 1h | 1,675.8 | long leg | $2.7M | $6.2M | 5x | |
| Extended OPENAI-USD | +0.0048% | 1h | 1,623.1 | −3.141% | $141K | $737K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,628.6 | −2.816% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,623.5 | −3.116% | $22.9M | $17.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,623.2 | −3.136% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,624.6 | −3.055% | $374K | $70K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,623.2 | −3.138% | $2.6M | $759K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,622.8 | −3.161% | $2K | $142K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0066% | 8h | 1,624.1 | −3.082% | $478K | $277K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,622.7 | −3.166% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0148% | 1h | 1,667.2 | −0.511% | $7.4M | $2.1M | 6x | as long as short |
QFEX OPENAI-USD
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Aevo OPENAI-PERP
Entropy io:OAI