Funding you earn now, next payment 07:00 UTC+0.0034%/8h= +3.7% APRnext payment +$0.04 per $10,000 · paid last 24h +0.010%
Price spread now: Lighter RH against QFEX+3.829%52s7-day average +5.675% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$270.274% of the position
Funding, last 4 days (all we have)+0.040%+$4 on $10k
+Price spread, last 7 days+3.024%+$302 · spread now +3.829%, 7d avg +5.675%
=Together, before fees+3.064%+ Points / potential airdropLighter RH: Points live · farm board+$306 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 1.846% cheaper against QFEX than usual: you would sell low and buy high (spread +3.829% now, against its 7-day average of +5.675%). If the spread goes back, that is −$185 on $10k: about 6 months of funding at the current rate (+$1 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX OPENAI-USD | 1,618.3 | −0.0002 | get 0.0000% / 1h | 28m 41s | $1.2M | $608K | 10x |
| Short | Lighter RH OPENAI | 1,680.2 | 0.0032 | get 0.0004% / 1h | 28m 41s | $2.7M | $6.0M | 5x |
QFEX OPENAI-USD
Lighter RH OPENAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against QFEX. 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
- $7.14
- Price spread: +3.829% → +5.675%
- −$184.57
- Slippage, 4 orders
- −$17.45
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$204.88
- Costs to cover
- 0.274%
- Break-even
- 207.9 days
Slippage from QFEX: live order book, 3 min ago; Lighter RH: 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 QFEX live order book, 3 min ago | 3.40 bp | 9.6 bp −$10 | 18.6 bp −$186 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 0.86 bp | 4.2 bp −$4 | 105.5 bp −$1,055 | 574.5 bp −$57.5K | 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-USDlong | −0.0002% | 1h | 1,618.3 | long leg | $1.2M | $608K | 10x | |
| Lighter OPENAI | 0.0000% | 1h | 1,713 | +5.855% | $1.4M | $264K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,658.9 | +2.513% | $752K | $204K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,648.8 | +1.888% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,614.8 | −0.215% | $52.3M | $18.1M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,620.1 | +0.114% | $5.4M | $4.6M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,619.8 | +0.096% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,618.5 | +0.015% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,619.6 | +0.083% | $79K | $228K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,617.8 | −0.027% | $1.6M | $510K | 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 OPENAIshort | +0.0032% | 1h | 1,680.2 | +3.829% | $2.7M | $6.0M | 5x | |
| Coinbase International OPENAI-PERP-INTX | +0.0040% | 1h | 1,625 | +0.420% | $226K | $162K | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,618 | −0.016% | $144K | $581K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,621.9 | +0.226% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,618.3 | +0.001% | $22.8M | $16.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,618.3 | +0.001% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,620.5 | +0.136% | $372K | $69K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,618.8 | +0.034% | $2.6M | $757K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,617.9 | −0.022% | $2K | $176K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0055% | 8h | 1,618.1 | −0.009% | $473K | $290K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,618.2 | −0.006% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0146% | 1h | 1,670.2 | +3.210% | $7.7M | $2.3M | 6x | as long as short |
Coinbase International OPENAI-PERP-INTX
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Aevo OPENAI-PERP
Entropy io:OAI