Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.198%
Price spread now: HTX against Lighter RH−3.431%7-day average −4.651% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs+$76as in the Price arb table
costs, in and out, $10k−$470.465% of the position
Funding, last 7 days−0.256%−$26 on $10k
+Price spread, last 4 days (all we have)−2.511%−$251 · spread now −3.431%, 7d avg −4.651%
=Together, before fees−2.767%+ Points / potential airdropLighter RH: Points live · farm board−$277 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 1.220% dearer against Lighter RH than usual: you sell high and buy low (spread −3.431% now, against its 7-day average of −4.651%): +$122 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4 months. At the pace of the last 7 days (−0.256% in total) that is about 33 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH OPENAI | 1,674.1 | 0.0032 | pay 0.0004% / 1h | 7m 32s | $2.6M | $6.2M | 5x |
| Short | HTX OPENAI-USDT | 1,616.7 | 0 | get 0.0000% / 8h | 3h 07m | $79K | $221K | 20x |
Lighter RH OPENAI
HTX OPENAI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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: −3.431% → −4.651%
- $122.04
- Slippage, 4 orders
- −$34.54
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- $68.78
- Costs to cover
- 0.465%
- Break-even
- from the start
Slippage from Lighter RH: live order book, 6 min ago; HTX: live order book, 44 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, 6 min ago | 1.40 bp | 9.6 bp −$10 | 57.1 bp −$571 | doesn't fit | doesn't fit |
| Sell HTX live order book, 44 min ago | 0.03 bp | 22.3 bp −$22 | 73.7 bp −$737 | 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 | 1,615.3 | −3.511% | $1.2M | $579K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,706.7 | +1.947% | $1.4M | $265K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,658.5 | −0.931% | $753K | $206K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,646.5 | −1.648% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,612.6 | −3.675% | $52.2M | $25.4M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,617.5 | −3.380% | $5.4M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,616.9 | −3.416% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,615.3 | −3.510% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDTshort | 0.0000% | 8h | 1,616.7 | −3.431% | $79K | $221K | 20x | |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,615.7 | −3.489% | $1.6M | $534K | 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
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 | 1,674.1 | long leg | $2.6M | $6.2M | 5x | |
| Extended OPENAI-USD | +0.0048% | 1h | 1,614.9 | −3.537% | $142K | $737K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,618.2 | −3.338% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,615.3 | −3.510% | $22.8M | $17.5M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,615.9 | −3.479% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,620 | −3.230% | $373K | $69K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,615.4 | −3.508% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,616.8 | −3.422% | $2K | $161K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0055% | 8h | 1,616.2 | −3.457% | $473K | $286K | 20x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0056% | 1h | 1,623.9 | −2.999% | $226K | $161K | 5x | as long as short |
| Entropy io:OAI | +0.0095% | 1h | 1,667.8 | −0.376% | $7.6M | $2.3M | 6x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,614.8 | −3.544% | — | — | 10x | 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
Coinbase International OPENAI-PERP-INTX
Entropy io:OAI
Aevo OPENAI-PERP