Funding you earn now, next payment 12:00 UTC−0.0783%/8h= −85.8% APRnext payment −$0.98 per $10,000 · paid last 24h −0.046%
Price spread now: Lighter RH against Entropy+0.813%7-day average +0.473% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.515%−$52 on $10k
+Price spread, last 7 days−0.343%−$34 · spread now +0.813%, 7d avg +0.473%
=Together, before fees−0.858%+ Points / potential airdropLighter RH: Points live · farm board−$86 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.339% dearer against Entropy than usual: you sell high and buy low (spread +0.813% now, against its 7-day average of +0.473%): +$34 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 35 hours. At the pace of the last 7 days (−0.515% in total) that is about 4.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.515% in total (about -26.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.98 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:OAI | 1,691.6 | 0.0815 | pay 0.0102% / 1h | 55m 37s | $7.9M | $2.6M | 6x |
| Short | Lighter RH OPENAI | 1,705.4 | 0.0032 | get 0.0004% / 1h | 55m 37s | $2.8M | $6.3M | 5x |
Entropy io:OAI
Lighter RH OPENAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$164.46
- Price spread: +0.813% → +0.473%
- $33.95
- Slippage, 4 orders
- no order book: not counted
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$148.51
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Entropy: live order book, 4 min ago; Lighter RH: live order book, 6 min ago. Net counts fees only.
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, 4 min ago | 4.13 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 6 min ago | 1.50 bp | 7.0 bp −$7 | 119.1 bp −$1,191 | 644.6 bp −$64.5K | 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 | −0.0001% | 1h | 1,660.3 | −1.853% | $1.2M | $695K | 10x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,691.2 | −0.022% | $720K | $316K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,684.5 | −0.420% | $5.2M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,656.6 | −2.070% | $51.0M | $17.2M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,660.3 | −1.850% | $5.7M | $3.6M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,657.2 | −2.034% | — | $1.6M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,650.5 | −2.429% | $80K | $173K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,658.3 | −1.970% | $1.7M | $508K | 10x | as long as short |
| Lighter RH OPENAIshort | +0.0032% | 1h | 1,705.4 | +0.813% | $2.8M | $6.3M | 5x | |
| Extended OPENAI-USD | +0.0048% | 1h | 1,659.7 | −1.887% | $144K | $806K | 10x | as long as short |
QFEX OPENAI-USD
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Phemex OPENAIUSDT
Extended OPENAI-USDShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPENAIUSDT | +0.0050% | 8h | 1,660.3 | −1.850% | $216K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,660.3 | −1.853% | $23.5M | $18.3M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,659.9 | −1.872% | $6.7M | $2.5M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,666.7 | −1.475% | $389K | $307K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,659.8 | −1.878% | $2.6M | $773K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,654.3 | −2.202% | $2K | $173K | 10x | as long as short |
| Lighter OPENAI | +0.0064% | 1h | 1,739.2 | +2.814% | $1.5M | $264K | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0078% | 8h | 1,657.7 | −2.005% | $491K | $332K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,659 | −1.929% | — | — | 10x | as long as short |
| Entropy io:OAIlong | +0.0815% | 1h | 1,691.6 | long leg | $7.9M | $2.6M | 6x | |
| Coinbase International OPENAI-PERP-INTX | +0.1008% | 1h | 1,657.9 | −1.994% | $233K | $179K | 5x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | +0.8185% | 1h | 1,658 | −1.985% | $3K | $3K | 5x | as long as short |
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Lighter OPENAI
BloFin OPENAI-USDT
Aevo OPENAI-PERP
Coinbase International OPENAI-PERP-INTX
Deribit OPENAI_USDC-PERPETUAL