Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Lighter against Bybit+2.531%7-day average +3.572% · you sell dearer than you buy
Net, funding: paid 7d − costs−$194as in the Funding arb table
Net, price: spread back to 7d avg − costs−$299as in the Price arb table
costs, in and out, $10k−$1951.946% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 4 days (all we have)+2.135%+$214 · spread now +2.531%, 7d avg +3.572%
=Together, before fees+2.138%+ Points / potential airdropLighter: Season 3 · farm board+$214 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 1.041% cheaper against Bybit than usual: you would sell low and buy high, −$104 on $10k if it goes back to its 7-day average of +3.572%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit OPENAIUSDT | 1,671.6 | 0 | get 0.0000% / 8h | 5h 44m | $717K | $288K | 25x |
| Short | Lighter OPENAI | 1,713.9 | 0 | get 0.0000% / 1h | 44m 53s | $1.4M | $274K | 5x |
Bybit OPENAIUSDT
Lighter OPENAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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
- $0
- Price spread: +2.531% → +3.572%
- −$104.13
- Slippage, 4 orders
- −$183.63
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$298.76
- Costs to cover
- 1.946%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 63 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 Bybit live order book, 63 min ago | 14.18 bp | 41.2 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 1.37 bp | 67.2 bp −$67 | 129.3 bp −$1,293 | doesn't fit | 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 | −2.188% | $1.2M | $657K | 10x | as long as short |
| Lighter OPENAIshort | 0.0000% | 1h | 1,713.9 | +2.531% | $1.4M | $274K | 5x | |
| Bybit OPENAIUSDTlong | 0.0000% | 8h | 1,671.6 | long leg | $717K | $288K | 25x | |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,661.9 | −0.577% | $5.1M | $1.2M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,632.2 | −2.352% | $49.2M | $15.3M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,635.7 | −2.148% | $5.4M | $3.6M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,635 | −2.187% | — | $1.7M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,634.6 | −2.208% | $3K | $3K | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,634.9 | −2.193% | $80K | $159K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,635 | −2.187% | $1.6M | $503K | 10x | as long as short |
QFEX OPENAI-USD
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDT
Phemex OPENAIUSDTShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,682.8 | +0.675% | $2.8M | $6.3M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,634.4 | −2.225% | $142K | $812K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,637.5 | −2.037% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,634.9 | −2.193% | $23.1M | $17.3M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,634 | −2.248% | $6.7M | $2.5M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,639.3 | −1.931% | $381K | $231K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,635 | −2.189% | $2.6M | $770K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,633.4 | −2.280% | $2K | $169K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0062% | 8h | 1,634.7 | −2.203% | $484K | $322K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,634.6 | −2.214% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0172% | 1h | 1,672.6 | +0.063% | $7.6M | $2.4M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0712% | 1h | 1,641.5 | −1.800% | $231K | $176K | 5x | as long as short |
Lighter RH OPENAI
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
Coinbase International OPENAI-PERP-INTX