Funding you earn now, next payment 04:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h −0.014%
Price spread now: Lighter against KuCoin+5.474%7-day average +6.370% · you sell dearer than you buy
Net, funding: paid 7d − costs−$4,486as in the Funding arb table
Net, price: spread back to 7d avg − costs−$4,565as in the Price arb table
costs, in and out, $10k−$4,47544.753% of the position
Funding, last 7 days−0.102%−$10 on $10k
+Price spread, last 4 days (all we have)+1.646%+$165 · spread now +5.474%, 7d avg +6.370%
=Together, before fees+1.544%+ Points / potential airdropLighter: Season 3 · farm board+$154 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.896% cheaper against KuCoin than usual: you would sell low and buy high (−$90 if the spread goes back to its 7-day average of +6.370%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin OPENAIUSDTM | 1,625 | 0.0050 | pay 0.0050% / 8h | 4h 33m | $375K | $70K | 20x |
| Short | Lighter OPENAI | 1,714 | 0.0008 | get 0.0001% / 1h | 33m 52s | $1.4M | $266K | 5x |
KuCoin OPENAIUSDTM
Lighter OPENAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against KuCoin. 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
- −$8.82
- Price spread: +5.474% → +6.370%
- −$89.57
- Slippage, 4 orders
- −$4,463.28
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$4,573.66
- Costs to cover
- 44.753%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 48 min ago; Lighter: live order book, 7 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 KuCoin live order book, 48 min ago | 7.87 bp | 726.4 bp −$726 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 0.03 bp | 21.3 bp −$21 | 89.0 bp −$890 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OPENAI-PERP-INTX | −0.0024% | 1h | 1,625.7 | +0.045% | $226K | $160K | 5x | as long as short |
| QFEX OPENAI-USD | −0.0004% | 1h | 1,624.8 | −0.011% | $1.2M | $539K | 10x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,662.1 | +2.283% | $755K | $207K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,653.1 | +1.729% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,621.2 | −0.237% | $52.4M | $28.1M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,625.7 | +0.039% | $5.5M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,624.8 | −0.013% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,623.4 | −0.102% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,625.5 | +0.027% | $79K | $219K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,624.4 | −0.041% | $1.6M | $546K | 10x | as long as short |
Coinbase International OPENAI-PERP-INTX
QFEX OPENAI-USD
Bybit OPENAIUSDT
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 OPENAIshort | +0.0008% | 1h | 1,714 | +5.474% | $1.4M | $266K | 5x | |
| Lighter RH OPENAI | +0.0032% | 1h | 1,681 | +3.443% | $2.7M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,624.3 | −0.046% | $144K | $736K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,630.1 | +0.316% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,624.6 | −0.025% | $22.9M | $17.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,624.6 | −0.024% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTMlong | +0.0050% | 8h | 1,625 | long leg | $375K | $70K | 20x | |
| Variational Omni OPENAI | +0.0050% | 8h | 1,624.4 | −0.039% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,624.5 | −0.029% | $2K | $148K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0080% | 8h | 1,625.6 | +0.039% | $474K | $283K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,624.3 | −0.041% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0252% | 1h | 1,672.5 | +2.922% | $7.6M | $2.3M | 6x | as long as short |
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Aevo OPENAI-PERP
Entropy io:OAI