Funding you earn now, next payment 11:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter RH against Phemex+2.968%7-day average +4.553% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$282as in the Price arb table
costs, in and out, $10k−$1231.234% of the position
Funding, last 7 days+0.067%+$7 on $10k
+Price spread, last 4 days (all we have)+2.859%+$286 · spread now +2.968%, 7d avg +4.553%
=Together, before fees+2.927%+ Points / potential airdropLighter RH: Points live · farm board+$293 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 1.584% cheaper against Phemex than usual: you would sell low and buy high (spread +2.968% now, against its 7-day average of +4.553%). If the spread goes back, that is −$158 on $10k: about 6 months of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex OPENAIUSDT | 1,635.7 | 0 | get 0.0000% / 8h | 5h 27m | $1.6M | $505K | 10x |
| Short | Lighter RH OPENAI | 1,684.2 | 0.0032 | get 0.0004% / 1h | 27m 34s | $2.8M | $6.3M | 5x |
Phemex OPENAIUSDT
Lighter RH OPENAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Phemex. 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: +2.968% → +4.553%
- −$158.44
- Slippage, 4 orders
- −$111.44
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$275.17
- Costs to cover
- 1.234%
- Break-even
- 293.6 days
Slippage from Phemex: live order book, 4 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 Phemex live order book, 4 min ago | 3.73 bp | 58.3 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 1.51 bp | 3.2 bp −$3 | 76.8 bp −$768 | 569.3 bp −$56.9K | doesn't fit |
OPENAI on 22 exchanges
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 | −0.0003% | 1h | 1,635.3 | −0.020% | $1.2M | $655K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,716.1 | +4.915% | $1.4M | $275K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,674.4 | +2.370% | $718K | $289K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,663.4 | +1.695% | $5.1M | $1.2M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,633.1 | −0.155% | $49.5M | $16.0M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,636.5 | +0.051% | $5.4M | $3.5M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,636.5 | +0.051% | — | $1.6M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,636.2 | +0.032% | $80K | $161K | 20x | as long as short |
| Phemex OPENAIUSDTlong | 0.0000% | 8h | 1,635.7 | long leg | $1.6M | $505K | 10x | |
| Lighter RH OPENAIshort | +0.0032% | 1h | 1,684.2 | +2.968% | $2.8M | $6.3M | 5x |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDTShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended OPENAI-USD | +0.0048% | 1h | 1,635.1 | −0.035% | $142K | $810K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,638.1 | +0.149% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,635.6 | −0.002% | $23.1M | $17.4M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,634.7 | −0.062% | $6.7M | $2.5M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,640.8 | +0.315% | $381K | $249K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,634.7 | −0.060% | $2.6M | $770K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,634.6 | −0.062% | $2K | $169K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0050% | 8h | 1,635.7 | +0.001% | $486K | $323K | 20x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | +0.0095% | 1h | 1,636.1 | +0.024% | $3K | $3K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,635.4 | −0.016% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0159% | 1h | 1,674.1 | +2.349% | $7.6M | $2.4M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0712% | 1h | 1,641.5 | +0.355% | $231K | $176K | 5x | 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
Deribit OPENAI_USDC-PERPETUAL
Aevo OPENAI-PERP
Entropy io:OAI
Coinbase International OPENAI-PERP-INTX