Funding you earn now, next payment 05:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.005%
Price spread now: Extended against Lighter RH−3.528%7-day average −4.733% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs+$42as in the Price arb table
costs, in and out, $10k−$790.790% of the position
Funding, last 7 days+0.034%+$3 on $10k
+Price spread, last 4 days (all we have)−2.157%−$216 · spread now −3.528%, 7d avg −4.733%
=Together, before fees−2.124%+ Points / potential airdropLighter RH: Points live · Extended: Active · farm board−$212 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Extended is 1.205% dearer against Lighter RH than usual: you sell high and buy low: +$121 more if the spread goes back to its 7-day average of −4.733%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH OPENAI | 1,679.3 | 0.0032 | pay 0.0004% / 1h | 46m 48s | $2.7M | $6.2M | 5x |
| Short | Extended OPENAI-USD | 1,620 | 0.0048 | get 0.0006% / 1h | 46m 48s | $141K | $737K | 10x |
Lighter RH OPENAI
Extended OPENAI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $3.36
- Price spread: −3.528% → −4.733%
- $120.53
- Slippage, 4 orders
- −$74.01
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $44.88
- Costs to cover
- 0.790%
- Break-even
- from the start
Slippage from Lighter RH: live order book, 2 min ago; Extended: live order book, 6 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 | 0.86 bp | 6.2 bp −$6 | 67.1 bp −$671 | doesn't fit | doesn't fit |
| Sell Extended live order book, 6 min ago | 4.01 bp | 33.0 bp −$33 | 254.9 bp −$2,549 | 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 | −0.0001% | 1h | 1,620.4 | −3.504% | $1.2M | $558K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,711.9 | +1.943% | $1.4M | $265K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,663.6 | −0.935% | $755K | $207K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,650.5 | −1.714% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,618 | −3.649% | $52.3M | $25.3M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,622.8 | −3.362% | $5.5M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,622.3 | −3.393% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,621.3 | −3.456% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,620.7 | −3.491% | $79K | $221K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,620 | −3.530% | $1.6M | $543K | 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 | 1,679.3 | long leg | $2.7M | $6.2M | 5x | |
| BloFin OPENAI-USDT | +0.0037% | 8h | 1,621.3 | −3.451% | $473K | $285K | 20x | as long as short |
| Extended OPENAI-USDshort | +0.0048% | 1h | 1,620 | −3.528% | $141K | $737K | 10x | |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,627.4 | −3.090% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,620.7 | −3.490% | $22.8M | $17.7M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,620.7 | −3.487% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,625.3 | −3.213% | $375K | $68K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,620.4 | −3.506% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,621 | −3.472% | $2K | $155K | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0056% | 1h | 1,622 | −3.410% | $226K | $162K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,620.2 | −3.516% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0140% | 1h | 1,673.6 | −0.338% | $7.7M | $2.3M | 6x | as long as short |
BloFin OPENAI-USDT
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Coinbase International OPENAI-PERP-INTX
Aevo OPENAI-PERP
Entropy io:OAI