Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.198%
Price spread now: Lighter RH against HTX+3.280%7-day average +4.727% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$199as in the Price arb table
costs, in and out, $10k−$540.541% of the position
Funding, last 7 days+0.256%+$26 on $10k
+Price spread, last 3 days (all we have)+2.651%+$265 · spread now +3.280%, 7d avg +4.727%
=Together, before fees+2.907%+ Points / potential airdropLighter RH: Points live · farm board+$291 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 1.447% cheaper against HTX than usual: you would sell low and buy high (spread +3.280% now, against its 7-day average of +4.727%). If the spread goes back, that is −$145 on $10k: about 5 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.256% in total) that is about 40 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX OPENAI-USDT | 1,629.5 | 0 | get 0.0000% / 8h | 7h 21m | $79K | $214K | 20x |
| Short | Lighter RH OPENAI | 1,682.9 | 0.0032 | get 0.0004% / 1h | 21m 34s | $2.7M | $6.3M | 5x |
HTX OPENAI-USDT
Lighter RH OPENAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against HTX. 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: +3.280% → +4.727%
- −$144.73
- Slippage, 4 orders
- −$42.09
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$192.1
- Costs to cover
- 0.541%
- Break-even
- 207.1 days
Slippage from HTX: live order book, 50 min ago; Lighter RH: live order book, 2 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 HTX live order book, 50 min ago | 4.14 bp | 10.1 bp −$10 | 54.7 bp −$547 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 2.38 bp | 4.6 bp −$5 | 103.6 bp −$1,036 | 596.5 bp −$59.6K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OPENAI-PERP-INTX | −0.0024% | 1h | 1,628.2 | −0.077% | $228K | $147K | 5x | as long as short |
| QFEX OPENAI-USD | 0.0000% | 1h | 1,629 | −0.033% | $1.2M | $418K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,710.8 | +4.991% | $1.4M | $283K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,671.6 | +2.587% | $769K | $207K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,658.5 | +1.781% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,625.9 | −0.222% | $52.6M | $39.2M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,629 | −0.028% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,629.3 | −0.011% | — | $2.6M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,629.2 | −0.015% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDTlong | 0.0000% | 8h | 1,629.5 | long leg | $79K | $214K | 20x |
Coinbase International OPENAI-PERP-INTX
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUALShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,628.5 | −0.060% | $1.6M | $561K | 10x | as long as short |
| Lighter RH OPENAIshort | +0.0032% | 1h | 1,682.9 | +3.280% | $2.7M | $6.3M | 5x | |
| BloFin OPENAI-USDT | +0.0039% | 8h | 1,629 | −0.029% | $474K | $280K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,628.7 | −0.050% | $133K | $782K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,635.9 | +0.395% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,629 | −0.027% | $23.1M | $18.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,628.9 | −0.033% | $13.1M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,637.1 | +0.467% | $379K | $65K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,630.1 | +0.035% | $2.6M | $757K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,628.4 | −0.068% | $2K | $138K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,628.7 | −0.049% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0116% | 1h | 1,675.1 | +2.800% | $7.4M | $2.2M | 6x | as long as short |
Phemex OPENAIUSDT
BloFin OPENAI-USDT
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI