Funding you earn now, next payment 01:00 UTC+0.0118%/8h= +12.9% APRnext payment +$0.15 per $10,000 · paid last 24h +0.071%
Price spread now: Entropy against Lighter−2.102%7-day average −1.836% · you buy dearer than you sell
Net, funding: paid 7d − costs−$156as in the Funding arb table
Net, price: spread back to 7d avg − costs−$243as in the Price arb table
costs, in and out, $10k−$2172.166% of the position
Funding, last 7 days+0.608%+$61 on $10k
+Price spread, last 7 days+1.137%+$114 · spread now −2.102%, 7d avg −1.836%
=Together, before fees+1.745%+ Points / potential airdropLighter: Season 3 · farm board+$174 on $10k · with fees, hour by hour
Funding pays, the price is against you. Entropy is 0.266% cheaper against Lighter than usual: you would sell low and buy high (spread −2.102% now, against its 7-day average of −1.836%). If the spread goes back, that is −$27 on $10k: about 7.6 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.608% in total) that is about 3.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter OPENAI | 1,711.3 | 0 | get 0.0000% / 1h | 23m 42s | $1.4M | $283K | 5x |
| Short | Entropy io:OAI | 1,675.3 | 0.0118 | get 0.0015% / 1h | 23m 42s | $7.4M | $2.2M | 6x |
Lighter OPENAI
Entropy io:OAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy against Lighter. 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
- $24.69
- Price spread: −2.102% → −1.836%
- −$26.64
- Slippage, 4 orders
- −$198.64
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$218.59
- Costs to cover
- 2.166%
- Break-even
- 69.0 days
Slippage from Lighter: live order book, 3 min ago; Entropy: live order book, 3 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 Lighter live order book, 3 min ago | 1.54 bp | 78.4 bp −$78 | 862.8 bp −$8,628 | doesn't fit | doesn't fit |
| Sell Entropy live order book, 3 min ago | 1.19 bp | 18.7 bp −$19 | doesn't fit | 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 | 1,628.2 | −4.853% | $228K | $147K | 5x | as long as short |
| QFEX OPENAI-USD | 0.0000% | 1h | 1,627.9 | −4.870% | $1.2M | $418K | 10x | as long as short |
| Lighter OPENAIlong | 0.0000% | 1h | 1,711.3 | long leg | $1.4M | $283K | 5x | |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,672 | −2.295% | $769K | $207K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,659.4 | −3.031% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,625.4 | −5.017% | $52.6M | $39.2M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,628.7 | −4.826% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,629 | −4.808% | — | $2.6M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,627.6 | −4.892% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,628.6 | −4.830% | $79K | $214K | 20x | 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-USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,628.4 | −4.844% | $1.6M | $561K | 10x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,683.4 | −1.628% | $2.7M | $6.3M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,627.6 | −4.891% | $133K | $830K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,634.2 | −4.506% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,627.9 | −4.870% | $23.1M | $18.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,627.7 | −4.884% | $13.1M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,637.1 | −4.335% | $379K | $65K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,630.1 | −4.746% | $2.6M | $757K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,628.2 | −4.853% | $2K | $138K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0062% | 8h | 1,628.4 | −4.841% | $474K | $279K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,628 | −4.867% | — | — | 10x | as long as short |
| Entropy io:OAIshort | +0.0118% | 1h | 1,675.3 | −2.102% | $7.4M | $2.2M | 6x |
Phemex OPENAIUSDT
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Aevo OPENAI-PERP