Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: Gate against Lighter RH−3.323%7-day average −5.918% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs+$156as in the Price arb table
costs, in and out, $10k−$1041.039% of the position
Funding, last 7 days−0.067%−$7 on $10k
+Price spread, last 7 days−3.644%−$364 · spread now −3.323%, 7d avg −5.918%
=Together, before fees−3.711%+ Points / potential airdropLighter RH: Points live · farm board−$371 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 2.595% dearer against Lighter RH than usual: you sell high and buy low (spread −3.323% now, against its 7-day average of −5.918%): +$259 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 | 1,681.6 | 0.0032 | pay 0.0004% / 1h | 31m 48s | $2.7M | $6.2M | 5x |
| Short | Gate OPENAI_USDT | 1,625.8 | 0 | get 0.0000% / 8h | 7h 31m | $52.6M | $39.2M | 50x |
Lighter RH OPENAI
Gate OPENAI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −3.323% → −5.918%
- $259.47
- Slippage, 4 orders
- −$88.87
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $148.88
- Costs to cover
- 1.039%
- Break-even
- from the start
Slippage from Lighter RH: live order book, 2 min ago; Gate: live order book, 2 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 | 1.28 bp | 6.4 bp −$6 | 43.4 bp −$434 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 2.16 bp | 76.6 bp −$77 | doesn't fit | 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 | −0.0024% | 1h | 1,628.4 | −3.167% | $228K | $146K | 5x | as long as short |
| QFEX OPENAI-USD | 0.0000% | 1h | 1,627.6 | −3.211% | $1.2M | $415K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,709.7 | +1.667% | $1.4M | $283K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,671.7 | −0.590% | $770K | $207K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,660.3 | −1.269% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDTshort | 0.0000% | 8h | 1,625.8 | −3.323% | $52.6M | $39.2M | 50x | |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,628.9 | −3.134% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,628.7 | −3.148% | — | $2.6M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,627.8 | −3.199% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,627.7 | −3.206% | $79K | $214K | 20x | as long as short |
Coinbase International OPENAI-PERP-INTX
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,628.1 | −3.182% | $1.6M | $560K | 10x | as long as short |
| Lighter RH OPENAIlong | +0.0032% | 1h | 1,681.6 | long leg | $2.7M | $6.2M | 5x | |
| Extended OPENAI-USD | +0.0048% | 1h | 1,627.6 | −3.211% | $132K | $949K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,634.3 | −2.815% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,628.1 | −3.186% | $23.1M | $18.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,628.6 | −3.155% | $13.1M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,637.1 | −2.649% | $379K | $65K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,626.9 | −3.254% | $2.6M | $753K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,627.6 | −3.214% | $2K | $138K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0063% | 8h | 1,626.8 | −3.259% | $475K | $277K | 20x | as long as short |
| Entropy io:OAI | +0.0088% | 1h | 1,674.1 | −0.448% | $7.4M | $2.2M | 6x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,627.8 | −3.204% | — | — | 10x | as long as short |
Phemex OPENAIUSDT
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Entropy io:OAI
Aevo OPENAI-PERP