Funding you earn now, next payment 23:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: Bybit against Lighter RH−0.046%7-day average −1.941% · you buy dearer than you sell
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs+$36as in the Price arb table
costs, in and out, $10k−$1541.538% of the position
Funding, last 7 days−0.067%−$7 on $10k
+Price spread, last 4 days (all we have)−3.028%−$303 · spread now −0.046%, 7d avg −1.941%
=Together, before fees−3.096%+ Points / potential airdropLighter RH: Points live · farm board−$310 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 1.896% dearer against Lighter RH than usual: you sell high and buy low (spread −0.046% now, against its 7-day average of −1.941%): +$190 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH OPENAI | 1,668.7 | 0.0032 | pay 0.0004% / 1h | 14m 52s | $2.6M | $6.3M | 5x |
| Short | Bybit OPENAIUSDT | 1,667.9 | 0 | get 0.0000% / 8h | 1h 14m | $763K | $227K | 25x |
Lighter RH OPENAI
Bybit OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.046% → −1.941%
- $189.56
- Slippage, 4 orders
- −$142.75
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $29.09
- Costs to cover
- 1.538%
- Break-even
- from the start
Slippage from Lighter RH: live order book, 4 min ago; Bybit: live order book, 65 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, 4 min ago | 3.17 bp | 6.7 bp −$7 | 52.5 bp −$525 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 65 min ago | 18.03 bp | 71.7 bp −$72 | 478.5 bp −$4,785 | 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 | 1,618.6 | −3.000% | $1.2M | $387K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,696.5 | +1.667% | $1.4M | $291K | 5x | as long as short |
| Bybit OPENAIUSDTshort | 0.0000% | 8h | 1,667.9 | −0.046% | $763K | $227K | 25x | |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,650.1 | −1.113% | $5.1M | $1.4M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,616.6 | −3.121% | $52.5M | $40.7M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,621.6 | −2.822% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,621.1 | −2.851% | — | $2.6M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,619.4 | −2.955% | $78K | $213K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,618.9 | −2.985% | $1.6M | $573K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0024% | 8h | 1,618.9 | −2.981% | $470K | $287K | 20x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Phemex OPENAIUSDT
BloFin OPENAI-USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAIlong | +0.0032% | 1h | 1,668.7 | long leg | $2.6M | $6.3M | 5x | |
| Extended OPENAI-USD | +0.0048% | 1h | 1,618.9 | −2.984% | $131K | $670K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,625.5 | −2.586% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,619.2 | −2.964% | $23.0M | $19.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,619.6 | −2.944% | $12.9M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,636.1 | −1.951% | $377K | $64K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,618.6 | −3.001% | $2.6M | $765K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,619.5 | −2.948% | $2K | $148K | 10x | as long as short |
| Entropy io:OAI | +0.0087% | 1h | 1,660.8 | −0.472% | $7.3M | $2.2M | 6x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,618.5 | −3.007% | — | — | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | +0.0215% | 1h | 1,622.9 | −2.746% | — | $3 | 5x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0456% | 1h | 1,620.6 | −2.880% | $236K | $143K | 5x | as long as short |
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
Deribit OPENAI_USDC-PERPETUAL
Coinbase International OPENAI-PERP-INTX