Funding you earn now, next payment 20:00 UTC−0.0115%/8hnext payment −$0.14 per $10,000 · paid last 24h −0.080%
Price spread now: Lighter against Entropy+1.900%7-day average +1.796% · you sell dearer than you buy
Net, funding: paid 7d − costs−$244as in the Funding arb table
Net, price: spread back to 7d avg − costs−$171as in the Price arb table
costs, in and out, $10k−$1811.813% of the position
Funding, last 7 days−0.623%−$62 on $10k
+Price spread, last 7 days−1.152%−$115 · spread now +1.900%, 7d avg +1.796%
=Together, before fees−1.775%+ Points / potential airdropLighter: Season 3 · farm board−$177 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.104% dearer against Entropy than usual: you sell high and buy low (spread +1.900% now, against its 7-day average of +1.796%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.0 days. At the pace of the last 7 days (−0.623% in total) that is about 28 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:OAI | 1,691.3 | 0.0123 | pay 0.0015% / 1h | 21m 14s | $7.6M | $1.6M | 6x |
| Short | Lighter OPENAI | 1,723.4 | 0.0008 | get 0.0001% / 1h | 21m 14s | $1.4M | $338K | 5x |
Entropy io:OAI
Lighter OPENAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Entropy. 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
- −$24.2
- Price spread: +1.900% → +1.796%
- $10.39
- Slippage, 4 orders
- −$163.32
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$195.13
- Costs to cover
- 1.813%
- Break-even
- never at this rate
Slippage from Entropy: live order book, 2 min ago; Lighter: live order book, 9 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 Entropy live order book, 2 min ago | 4.44 bp | 33.5 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 9 min ago | 0.87 bp | 63.8 bp −$64 | 100.8 bp −$1,008 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,689.8 | −0.090% | $762K | $216K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,675.6 | −0.928% | $5.2M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,642.2 | −2.906% | $53.4M | $54.2M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,647.9 | −2.569% | $5.6M | $4.8M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,646.7 | −2.637% | — | $2.6M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,646.8 | −2.633% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,646.4 | −2.654% | $79K | $210K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,645.2 | −2.726% | $1.7M | $590K | 10x | as long as short |
| Lighter OPENAIshort | +0.0008% | 1h | 1,723.4 | +1.900% | $1.4M | $338K | 5x | |
| QFEX OPENAI-USD | +0.0011% | 1h | 1,645.7 | −2.697% | $1.2M | $350K | 10x | as long as short |
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDT
Phemex OPENAIUSDT
QFEX OPENAI-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin OPENAI-USDT | +0.0030% | 8h | 1,645.5 | −2.710% | $482K | $282K | 20x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,693.2 | +0.115% | $2.8M | $6.0M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,645.6 | −2.699% | $137K | $655K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,645.8 | −2.691% | $214K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,645.7 | −2.694% | $23.5M | $21.2M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,646 | −2.679% | $13.2M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,650.3 | −2.425% | $375K | $64K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,644.9 | −2.742% | $2.7M | $671K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,645.6 | −2.702% | $2K | $145K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,646.3 | −2.661% | — | — | 10x | as long as short |
| Entropy io:OAIlong | +0.0123% | 1h | 1,691.3 | long leg | $7.6M | $1.6M | 6x | |
| Coinbase International OPENAI-PERP-INTX | +0.2072% | 1h | 1,652.8 | −2.274% | $245K | $100K | 5x | as long as short |
BloFin OPENAI-USDT
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Coinbase International OPENAI-PERP-INTX