Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.005%
Price spread now: Lighter RH against MEXC+3.616%7-day average +5.624% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$259as in the Price arb table
costs, in and out, $10k−$590.586% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 7 days+3.234%+$323 · spread now +3.616%, 7d avg +5.624%
=Together, before fees+3.196%+ Points / potential airdropLighter RH: Points live · farm board+$320 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter RH is 2.007% cheaper against MEXC than usual: you would sell low and buy high (−$201 if the spread goes back to its 7-day average of +5.624%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC OPENAI_USDT | 1,615.2 | 0.0050 | pay 0.0050% / 8h | 49m 21s | $6.6M | $5.0M | 50x |
| Short | Lighter RH OPENAI | 1,673.6 | 0.0032 | get 0.0004% / 1h | 49m 21s | $2.6M | $6.0M | 5x |
MEXC OPENAI_USDT
Lighter RH OPENAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against MEXC. 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
- −$3.78
- Price spread: +3.616% → +5.624%
- −$200.73
- Slippage, 4 orders
- −$58.59
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$263.09
- Costs to cover
- 0.586%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; Lighter RH: live order book, 4 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 MEXC live order book, 3 min ago | 7.89 bp | 27.2 bp −$27 | 51.8 bp −$518 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 2.09 bp | 6.5 bp −$6 | 165.7 bp −$1,657 | 566.6 bp −$56.7K | 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 | −0.022% | $1.2M | $622K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,709.3 | +5.826% | $1.4M | $267K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,655.7 | +2.507% | $737K | $263K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,646 | +1.909% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,613.6 | −0.095% | $45.1M | $13.6M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,617.3 | +0.133% | $5.4M | $4.6M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,616.9 | +0.107% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,615.2 | +0.001% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,615.9 | +0.043% | $79K | $228K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,614.8 | −0.025% | $1.6M | $512K | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin OPENAI-USDT | +0.0026% | 8h | 1,615.2 | +0.001% | $473K | $302K | 20x | as long as short |
| Lighter RH OPENAIshort | +0.0032% | 1h | 1,673.6 | +3.616% | $2.6M | $6.0M | 5x | |
| Extended OPENAI-USD | +0.0048% | 1h | 1,614.9 | −0.019% | $141K | $734K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,617.9 | +0.171% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,615.6 | +0.026% | $22.8M | $17.8M | 20x | as long as short |
| MEXC OPENAI_USDTlong | +0.0050% | 8h | 1,615.2 | long leg | $6.6M | $5.0M | 50x | |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,619.9 | +0.295% | $375K | $70K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,615 | −0.013% | $2.6M | $758K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,617.1 | +0.118% | $2K | $182K | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0072% | 1h | 1,620.1 | +0.305% | $226K | $165K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,615.3 | +0.007% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0161% | 1h | 1,668.1 | +3.277% | $7.6M | $2.3M | 6x | as long as short |
BloFin OPENAI-USDT
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Coinbase International OPENAI-PERP-INTX
Aevo OPENAI-PERP
Entropy io:OAI