Funding you earn now, next payment 13:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.005%
Price spread now: Lighter RH against Extended+3.079%7-day average +4.606% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$234as in the Price arb table
costs, in and out, $10k−$810.814% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 4 days (all we have)+2.504%+$250 · spread now +3.079%, 7d avg +4.606%
=Together, before fees+2.470%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board+$247 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Lighter RH is 1.527% cheaper against Extended than usual: you would sell low and buy high (−$153 if the spread goes back to its 7-day average of +4.606%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended OPENAI-USD | 1,650.8 | 0.0048 | pay 0.0006% / 1h | 22m 07s | $144K | $1.1M | 10x |
| Short | Lighter RH OPENAI | 1,701.6 | 0.0032 | get 0.0004% / 1h | 22m 07s | $2.8M | $6.4M | 5x |
Extended OPENAI-USD
Lighter RH OPENAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Extended. 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
- −$3.36
- Price spread: +3.079% → +4.606%
- −$152.71
- Slippage, 4 orders
- −$76.36
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$237.44
- Costs to cover
- 0.814%
- Break-even
- never at this rate
Slippage from Extended: live order book, 4 min ago; Lighter RH: 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 Extended live order book, 4 min ago | 3.94 bp | 41.1 bp −$41 | 283.5 bp −$2,835 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 4.03 bp | 4.7 bp −$5 | 44.5 bp −$445 | 605.6 bp −$60.6K | 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 | −0.0018% | 1h | 1,651.1 | +0.018% | $1.2M | $687K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,736 | +5.163% | $1.5M | $270K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,684.2 | +2.022% | $724K | $321K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,679.6 | +1.746% | $5.2M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,649 | −0.110% | $52.3M | $21.0M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,651.4 | +0.039% | $5.6M | $3.9M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,651.6 | +0.050% | — | $1.4M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,651.9 | +0.067% | $80K | $177K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,650.9 | +0.007% | $1.6M | $511K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0024% | 8h | 1,651 | +0.016% | $494K | $366K | 20x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Phemex OPENAIUSDT
BloFin OPENAI-USDTShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAIshort | +0.0032% | 1h | 1,701.6 | +3.079% | $2.8M | $6.4M | 5x | |
| Extended OPENAI-USDlong | +0.0048% | 1h | 1,650.8 | long leg | $144K | $1.1M | 10x | |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,651.4 | +0.037% | $215K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,651.3 | +0.035% | $23.4M | $19.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,650.3 | −0.030% | $6.6M | $2.5M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,655 | +0.254% | $388K | $415K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,649 | −0.107% | $2.6M | $793K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,649.6 | −0.069% | $2K | $178K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,651.5 | +0.046% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0178% | 1h | 1,694.9 | +2.673% | $7.9M | $2.6M | 6x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | +0.0365% | 1h | 1,651.1 | +0.022% | $3K | $3K | 5x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0984% | 1h | 1,654.6 | +0.229% | $232K | $178K | 5x | as long as short |
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI
Deribit OPENAI_USDC-PERPETUAL
Coinbase International OPENAI-PERP-INTX