Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: OKX against Lighter RH−1.648%7-day average −3.687% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs+$110as in the Price arb table
costs, in and out, $10k−$940.936% of the position
Funding, last 7 days−0.067%−$7 on $10k
+Price spread, last 7 days−3.333%−$333 · spread now −1.648%, 7d avg −3.687%
=Together, before fees−3.400%+ Points / potential airdropLighter RH: Points live · farm board−$340 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 2.040% dearer against Lighter RH than usual: you sell high and buy low (spread −1.648% now, against its 7-day average of −3.687%): +$204 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH OPENAI | 1,673.6 | 0.0032 | pay 0.0004% / 1h | 49m 23s | $2.6M | $6.0M | 5x |
| Short | OKX OPENAI-USDT-SWAP | 1,646 | 0 | get 0.0000% / 8h | 49m 23s | $5.1M | $1.3M | 20x |
Lighter RH OPENAI
OKX OPENAI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −1.648% → −3.687%
- $203.95
- Slippage, 4 orders
- −$83.56
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $103.68
- Costs to cover
- 0.936%
- Break-even
- from the start
Slippage from Lighter RH: live order book, 4 min ago; OKX: live order book, 3 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, 4 min ago | 2.09 bp | 4.2 bp −$4 | 26.6 bp −$266 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.30 bp | 52.5 bp −$52 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX OPENAI-USD | −0.0005% | 1h | 1,614.8 | −3.511% | $1.2M | $622K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,709.3 | +2.133% | $1.4M | $267K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,655.7 | −1.071% | $737K | $263K | 25x | as long as short |
| OKX OPENAI-USDT-SWAPshort | 0.0000% | 8h | 1,646 | −1.648% | $5.1M | $1.3M | 20x | |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,613.6 | −3.582% | $45.1M | $13.6M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,617.3 | −3.362% | $5.4M | $4.6M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,616.9 | −3.387% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,615.2 | −3.489% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,615.9 | −3.448% | $79K | $228K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,614.8 | −3.514% | $1.6M | $512K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin OPENAI-USDT | +0.0026% | 8h | 1,615.2 | −3.489% | $473K | $302K | 20x | as long as short |
| Lighter RH OPENAIlong | +0.0032% | 1h | 1,673.6 | long leg | $2.6M | $6.0M | 5x | |
| Extended OPENAI-USD | +0.0048% | 1h | 1,614.9 | −3.508% | $141K | $734K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,617.9 | −3.325% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,615.6 | −3.465% | $22.8M | $17.8M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,615.2 | −3.490% | $6.6M | $5.0M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,619.9 | −3.206% | $375K | $70K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,615 | −3.502% | $2.6M | $758K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,617.1 | −3.376% | $2K | $182K | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0072% | 1h | 1,620.1 | −3.196% | $226K | $165K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,615.3 | −3.484% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0161% | 1h | 1,668.1 | −0.327% | $7.6M | $2.3M | 6x | as long as short |
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
Aevo OPENAI-PERP
Entropy io:OAI