Funding you earn now, next payment 04:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h +0.009%
Price spread now: Lighter RH against Lighter−1.882%7-day average −1.362% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$540.543% of the position
Funding, last 7 days+0.065%+$6 on $10k
+Price spread, last 7 days+1.386%+$139 · spread now −1.882%, 7d avg −1.362%
=Together, before fees+1.451%+ Points / potential airdropLighter: Season 3 · Lighter RH: Points live · farm board+$145 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.520% cheaper against Lighter than usual: you would sell low and buy high (spread −1.882% now, against its 7-day average of −1.362%). If the spread goes back, that is −$52 on $10k: about 2 months of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter OPENAI | 1,713.3 | 0.0008 | pay 0.0001% / 1h | 9m 44s | $1.4M | $266K | 5x |
| Short | Lighter RH OPENAI | 1,681 | 0.0032 | get 0.0004% / 1h | 9m 44s | $2.7M | $6.2M | 5x |
Lighter OPENAI
Lighter RH OPENAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $5.04
- Price spread: −1.882% → −1.362%
- −$52.01
- Slippage, 4 orders
- −$54.28
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$101.25
- Costs to cover
- 0.543%
- Break-even
- 147.6 days
Slippage from Lighter: live order book, 2 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 Lighter live order book, 2 min ago | 1.34 bp | 15.5 bp −$16 | 447.5 bp −$4,475 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 1.61 bp | 6.6 bp −$7 | 94.7 bp −$947 | 577.0 bp −$57.7K | 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 | 1,624.9 | −5.156% | $226K | $161K | 5x | as long as short |
| QFEX OPENAI-USD | −0.0004% | 1h | 1,622.5 | −5.301% | $1.2M | $549K | 10x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,663.7 | −2.894% | $755K | $207K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,652 | −3.576% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,619.4 | −5.481% | $52.4M | $28.1M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,623.8 | −5.224% | $5.5M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,623.6 | −5.234% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,621.8 | −5.338% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,623.3 | −5.250% | $79K | $220K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,622.1 | −5.320% | $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 OPENAIlong | +0.0008% | 1h | 1,713.3 | long leg | $1.4M | $266K | 5x | |
| Lighter RH OPENAIshort | +0.0032% | 1h | 1,681 | −1.882% | $2.7M | $6.2M | 5x | |
| Extended OPENAI-USD | +0.0048% | 1h | 1,621.9 | −5.334% | $141K | $740K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,627.6 | −5.002% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,622.4 | −5.304% | $22.9M | $17.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,622.7 | −5.288% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,625.3 | −5.133% | $375K | $70K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,622.4 | −5.305% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,623.1 | −5.261% | $2K | $150K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0076% | 8h | 1,622.6 | −5.291% | $474K | $286K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,622.3 | −5.311% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0233% | 1h | 1,675.1 | −2.228% | $7.7M | $2.3M | 6x | as long as short |
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
Entropy io:OAI