Funding you earn now, next payment 12:00 UTC+0.0123%/8h= +13.4% APRnext payment +$0.15 per $10,000 · paid last 24h +0.046%
Price spread now: Entropy against Lighter RH−0.261%7-day average −0.474% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.514%+$51 on $10k
+Price spread, last 7 days−0.170%−$17 · spread now −0.261%, 7d avg −0.474%
=Together, before fees+0.344%+ Points / potential airdropLighter RH: Points live · farm board+$34 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Entropy is 0.213% dearer against Lighter RH than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.474%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH OPENAI | 1,690.3 | 0.0032 | pay 0.0004% / 1h | 30m 18s | $2.8M | $6.4M | 5x |
| Short | Entropy io:OAI | 1,685.9 | 0.0155 | get 0.0019% / 1h | 30m 18s | $7.8M | $2.6M | 6x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy 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
- $25.75
- Price spread: −0.261% → −0.474%
- $21.33
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- $29.08
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Lighter RH: live order book, 1 min ago; Entropy: live order book, 10 min ago. Net counts fees only.
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 | 1.39 bp | 5.7 bp −$6 | 67.3 bp −$673 | doesn't fit | doesn't fit |
| Sell Entropy live order book, 10 min ago | 3.27 bp | 27.7 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
OPENAI on 22 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit OPENAI_USDC-PERPETUAL | −0.0520% | 1h | 1,635.9 | −3.218% | $3K | $3K | 5x | as long as short |
| QFEX OPENAI-USD | −0.0001% | 1h | 1,636.2 | −3.202% | $1.2M | $709K | 10x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,672.5 | −1.054% | $719K | $321K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,666 | −1.438% | $5.2M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,633.3 | −3.374% | $51.9M | $20.7M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,639 | −3.037% | $5.6M | $3.8M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,638.5 | −3.065% | — | $1.6M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,636 | −3.214% | $80K | $172K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,636.4 | −3.188% | $1.6M | $510K | 10x | as long as short |
| Lighter OPENAI | +0.0032% | 1h | 1,723.7 | +1.974% | $1.4M | $274K | 5x | as long as short |
Show all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAIlong | +0.0032% | 1h | 1,690.3 | long leg | $2.8M | $6.4M | 5x | |
| BloFin OPENAI-USDT | +0.0036% | 8h | 1,635.1 | −3.269% | $495K | $347K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,635.5 | −3.242% | $142K | $1.1M | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,641.5 | −2.890% | $214K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,636.1 | −3.205% | $23.2M | $19.6M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,636.4 | −3.188% | $6.6M | $2.5M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,641.1 | −2.910% | $383K | $336K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,635.5 | −3.242% | $2.6M | $774K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,634.3 | −3.316% | $2K | $178K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,636.3 | −3.195% | — | — | 10x | as long as short |
| Entropy io:OAIshort | +0.0155% | 1h | 1,685.9 | −0.261% | $7.8M | $2.6M | 6x | |
| Coinbase International OPENAI-PERP-INTX | +0.1008% | 1h | 1,638.3 | −3.075% | $231K | $177K | 5x | as long as short |
Lighter RH OPENAI
Deribit OPENAI_USDC-PERPETUAL
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Phemex OPENAIUSDT
Lighter OPENAI
BloFin OPENAI-USDT
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Coinbase International OPENAI-PERP-INTX