Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter RH against Bybit+0.805%7-day average +1.821% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$233as in the Price arb table
costs, in and out, $10k−$1311.312% of the position
Funding, last 7 days+0.067%+$7 on $10k
+Price spread, last 4 days (all we have)+2.201%+$220 · spread now +0.805%, 7d avg +1.821%
=Together, before fees+2.268%+ Points / potential airdropLighter RH: Points live · farm board+$227 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 1.016% cheaper against Bybit than usual: you would sell low and buy high (spread +0.805% now, against its 7-day average of +1.821%). If the spread goes back, that is −$102 on $10k: about 4 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 | Bybit OPENAIUSDT | 1,656.8 | 0 | get 0.0000% / 8h | 33m 08s | $738K | $263K | 25x |
| Short | Lighter RH OPENAI | 1,670.2 | 0.0032 | get 0.0004% / 1h | 33m 08s | $2.7M | $6.1M | 5x |
Bybit OPENAIUSDT
Lighter RH OPENAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $6.72
- Price spread: +0.805% → +1.821%
- −$101.62
- Slippage, 4 orders
- −$120.24
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$226.14
- Costs to cover
- 1.312%
- Break-even
- 242.6 days
Slippage from Bybit: live order book, 2 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 Bybit live order book, 2 min ago | 13.90 bp | 28.1 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 5 min ago | 3.47 bp | 5.5 bp −$5 | 132.1 bp −$1,321 | 547.6 bp −$54.8K | 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 | 1,616.2 | −2.452% | $1.2M | $617K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,705.4 | +2.929% | $1.4M | $269K | 5x | as long as short |
| Bybit OPENAIUSDTlong | 0.0000% | 8h | 1,656.8 | long leg | $738K | $263K | 25x | |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,646.3 | −0.636% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,614.9 | −2.530% | $45.3M | $13.8M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,617.9 | −2.350% | $5.4M | $4.4M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,617.7 | −2.362% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,616.5 | −2.434% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,617.6 | −2.365% | $79K | $224K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,616 | −2.463% | $1.6M | $508K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
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 | 1,670.2 | +0.805% | $2.7M | $6.1M | 5x | |
| Extended OPENAI-USD | +0.0048% | 1h | 1,616.1 | −2.461% | $142K | $806K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,618.8 | −2.293% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,616.5 | −2.433% | $22.8M | $16.8M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,617.3 | −2.388% | $6.6M | $5.0M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,619.8 | −2.233% | $375K | $67K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,617.5 | −2.373% | $2.6M | $758K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,616.9 | −2.413% | $2K | $181K | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0072% | 1h | 1,619.5 | −2.251% | $226K | $166K | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0079% | 8h | 1,617.4 | −2.382% | $474K | $296K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,616.2 | −2.451% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0121% | 1h | 1,665.8 | +0.541% | $7.6M | $2.3M | 6x | as long as short |
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Coinbase International OPENAI-PERP-INTX
BloFin OPENAI-USDT
Aevo OPENAI-PERP
Entropy io:OAI