Funding you earn now, next payment 10:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.014%
Price spread now: Lighter against Binance+5.047%7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs+$412as in the Price arb table
costs, in and out, $10k−$920.923% of the position
Funding, last 7 days−0.102%−$10 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
The price spread pays, funding is against you. Lighter is 5.047% dearer against Binance than usual: you sell high and buy low (spread +5.047% now, against zero (this spread has no 7-day history yet)): +$505 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPENAIUSDT | 1,630 | 0.0050 | pay 0.0050% / 8h | 6h 57m | $23.0M | $16.6M | 20x |
| Short | Lighter OPENAI | 1,712.3 | 0 | get 0.0000% / 1h | 57m 22s | $1.4M | $276K | 5x |
Binance OPENAIUSDT
Lighter OPENAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- −$10.5
- Price spread: +5.047% → 0.000%
- $504.72
- Slippage, 4 orders
- −$82.26
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $401.95
- Costs to cover
- 0.923%
- Break-even
- from the start
Slippage from Binance: live order book, 14 min ago; Lighter: 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 Binance live order book, 14 min ago | 0.46 bp | 15.0 bp −$15 | 51.9 bp −$519 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 1.46 bp | 26.9 bp −$27 | 116.9 bp −$1,169 | 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 | −0.0010% | 1h | 1,629.7 | −0.020% | $1.2M | $646K | 10x | as long as short |
| Lighter OPENAIshort | 0.0000% | 1h | 1,712.3 | +5.047% | $1.4M | $276K | 5x | |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,660.6 | +1.875% | $730K | $285K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,655.4 | +1.557% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,626.7 | −0.206% | $47.2M | $10.9M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,631.2 | +0.071% | $5.4M | $3.8M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,630.4 | +0.023% | — | $2.1M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,630 | +0.001% | $3K | $3K | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,631.2 | +0.074% | $79K | $225K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,629.2 | −0.053% | $1.6M | $498K | 10x | as long as short |
QFEX OPENAI-USD
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 OPENAI | +0.0032% | 1h | 1,678.2 | +2.953% | $2.7M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,629.6 | −0.027% | $142K | $808K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,631.5 | +0.092% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDTlong | +0.0050% | 8h | 1,630 | long leg | $23.0M | $16.6M | 20x | |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,631.2 | +0.069% | $6.7M | $2.4M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,631.3 | +0.077% | $376K | $147K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,629.1 | −0.054% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,629.5 | −0.033% | $2K | $173K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0051% | 8h | 1,630.8 | +0.050% | $476K | $308K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,629.8 | −0.016% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0243% | 1h | 1,668.9 | +2.385% | $7.6M | $2.4M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0720% | 1h | 1,635 | +0.306% | $231K | $176K | 5x | as long as short |
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Aevo OPENAI-PERP
Entropy io:OAI
Coinbase International OPENAI-PERP-INTX