Funding you earn now, next payment 08:00 UTC−0.0037%/8h= −4.1% APRnext payment −$0.05 per $10,000 · paid last 24h −0.010%
Price spread now: QFEX against Lighter RH−3.259%7-day average −5.654% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs+$213as in the Price arb table
costs, in and out, $10k−$260.263% of the position
Funding, last 4 days (all we have)−0.040%−$4 on $10k
+Price spread, last 7 days−3.623%−$362 · spread now −3.259%, 7d avg −5.654%
=Together, before fees−3.663%+ Points / potential airdropLighter RH: Points live · farm board−$366 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 2.395% dearer against Lighter RH than usual: you sell high and buy low (spread −3.259% now, against its 7-day average of −5.654%): +$240 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 | 1,671.7 | 0.0032 | pay 0.0004% / 1h | 36m 13s | $2.6M | $6.0M | 5x |
| Short | QFEX OPENAI-USD | 1,617.2 | −0.0005 | pay 0.0001% / 1h | 36m 13s | $1.2M | $617K | 10x |
Lighter RH OPENAI
QFEX OPENAI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$7.78
- Price spread: −3.259% → −5.654%
- $239.51
- Slippage, 4 orders
- −$16.32
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- $205.41
- Costs to cover
- 0.263%
- Break-even
- from the start
Slippage from Lighter RH: live order book, 2 min ago; QFEX: live order book, 5 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 | 3.47 bp | 3.7 bp −$4 | 27.3 bp −$273 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 2.94 bp | 8.3 bp −$8 | 13.7 bp −$137 | 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-USDshort | −0.0005% | 1h | 1,617.2 | −3.259% | $1.2M | $617K | 10x | |
| Lighter OPENAI | 0.0000% | 1h | 1,707.1 | +2.118% | $1.4M | $268K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,659.1 | −0.750% | $739K | $262K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,646.1 | −1.529% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,616.4 | −3.308% | $45.3M | $13.8M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,618.9 | −3.155% | $5.4M | $4.4M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,619.1 | −3.144% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,618.2 | −3.197% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,617 | −3.270% | $79K | $224K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,617.8 | −3.221% | $1.6M | $508K | 10x | as long as short |
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 | 1,671.7 | long leg | $2.6M | $6.0M | 5x | |
| Extended OPENAI-USD | +0.0048% | 1h | 1,616.9 | −3.279% | $142K | $808K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,619.7 | −3.107% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,617.4 | −3.248% | $22.8M | $16.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,618 | −3.212% | $6.6M | $5.0M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,619.8 | −3.100% | $375K | $68K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,616.7 | −3.289% | $2.6M | $758K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,616.6 | −3.293% | $2K | $181K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0068% | 8h | 1,617.5 | −3.240% | $474K | $296K | 20x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0072% | 1h | 1,619.5 | −3.118% | $226K | $166K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,617.3 | −3.254% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0124% | 1h | 1,666.1 | −0.333% | $7.6M | $2.3M | 6x | 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
Aevo OPENAI-PERP
Entropy io:OAI