Funding you earn now, next payment 07:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.210%
Price spread now: Coinbase International against Lighter RH−2.894%7-day average −4.174% · you buy dearer than you sell
Net, funding: paid 7d − costs+$27as in the Funding arb table
Net, price: spread back to 7d avg − costs+$80as in the Price arb table
costs, in and out, $10k−$480.478% of the position
Funding, last 7 days+0.748%+$75 on $10k
+Price spread, last 4 days (all we have)−1.966%−$197 · spread now −2.894%, 7d avg −4.174%
=Together, before fees−1.218%+ Points / potential airdropLighter RH: Points live · farm board−$122 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 1.279% dearer against Lighter RH than usual: you sell high and buy low: +$128 more if the spread goes back to its 7-day average of −4.174%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH OPENAI | 1,672.1 | 0.0032 | pay 0.0004% / 1h | 16m 29s | $2.7M | $6.2M | 5x |
| Short | Coinbase International OPENAI-PERP-INTX | 1,623.7 | 0.0072 | get 0.0009% / 1h | 16m 29s | $235K | $174K | 5x |
Lighter RH OPENAI
Coinbase International OPENAI-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $8.4
- Price spread: −2.894% → −4.174%
- $127.94
- Slippage, 4 orders
- −$37.76
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $88.58
- Costs to cover
- 0.478%
- Break-even
- from the start
Slippage from Lighter RH: live order book, 2 min ago; Coinbase International: live order book, 21 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, 2 min ago | 1.74 bp | 8.8 bp −$9 | 50.5 bp −$505 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 21 min ago | 8.07 bp | 15.1 bp −$15 | 46.7 bp −$467 | 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 | 1,616.1 | −3.351% | $1.2M | $625K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,705.5 | +1.995% | $1.4M | $269K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,658.6 | −0.813% | $738K | $262K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,646.1 | −1.557% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,615.1 | −3.412% | $45.4M | $14.0M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,617.7 | −3.256% | $5.3M | $4.5M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,616.7 | −3.316% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,616.5 | −3.327% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,616 | −3.360% | $79K | $225K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,616.2 | −3.348% | $1.6M | $503K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
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 OPENAIlong | +0.0032% | 1h | 1,672.1 | long leg | $2.7M | $6.2M | 5x | |
| Extended OPENAI-USD | +0.0048% | 1h | 1,616 | −3.356% | $142K | $806K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,618.9 | −3.181% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,616.4 | −3.331% | $22.8M | $16.6M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,616.2 | −3.345% | $6.6M | $5.0M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,616.8 | −3.307% | $372K | $71K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,616.7 | −3.313% | $2.6M | $760K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,616.4 | −3.333% | $2K | $176K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0070% | 8h | 1,615.2 | −3.403% | $475K | $294K | 20x | as long as short |
| Coinbase International OPENAI-PERP-INTXshort | +0.0072% | 1h | 1,623.7 | −2.894% | $235K | $174K | 5x | |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,615.4 | −3.391% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0119% | 1h | 1,665.2 | −0.415% | $7.6M | $2.3M | 6x | as long as short |
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