Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: OKX against Lighter−3.420%7-day average −5.069% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs+$57as in the Price arb table
costs, in and out, $10k−$1081.083% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 7 days−1.988%−$199 · spread now −3.420%, 7d avg −5.069%
=Together, before fees−1.991%+ Points / potential airdropLighter: Season 3 · farm board−$199 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 1.649% dearer against Lighter than usual: you sell high and buy low, +$165 on $10k if it goes back to its 7-day average of −5.069%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter OPENAI | 1,706.3 | 0 | get 0.0000% / 1h | 4m 21s | $1.4M | $265K | 5x |
| Short | OKX OPENAI-USDT-SWAP | 1,647.9 | 0 | get 0.0000% / 8h | 3h 04m | $5.1M | $1.3M | 20x |
Lighter OPENAI
OKX OPENAI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $0
- Price spread: −3.420% → −5.069%
- $164.89
- Slippage, 4 orders
- −$98.26
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $56.63
- Costs to cover
- 1.083%
- Break-even
- from the start
Slippage from Lighter: live order book, 2 min ago; OKX: 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, 2 min ago | 1.41 bp | 26.7 bp −$27 | 482.1 bp −$4,821 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 3.34 bp | 36.1 bp −$36 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX OPENAI-USD | −0.0001% | 1h | 1,615.3 | −5.329% | $1.2M | $587K | 10x | as long as short |
| Lighter OPENAIlong | 0.0000% | 1h | 1,706.3 | long leg | $1.4M | $265K | 5x | |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,658.5 | −2.799% | $753K | $206K | 25x | as long as short |
| OKX OPENAI-USDT-SWAPshort | 0.0000% | 8h | 1,647.9 | −3.420% | $5.1M | $1.3M | 20x | |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,611.9 | −5.531% | $52.2M | $25.4M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,617.4 | −5.211% | $5.4M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,617.6 | −5.196% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,615.4 | −5.325% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,615.9 | −5.295% | $79K | $221K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,615.2 | −5.339% | $1.6M | $533K | 10x | as long as short |
QFEX OPENAI-USD
Bybit OPENAIUSDT
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 RH OPENAI | +0.0032% | 1h | 1,673.4 | −1.929% | $2.6M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,614.9 | −5.355% | $146K | $777K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,618.5 | −5.142% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,615.4 | −5.328% | $22.8M | $17.5M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,615.2 | −5.334% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,620 | −5.055% | $373K | $69K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,614.9 | −5.352% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,615.6 | −5.310% | $2K | $161K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0054% | 8h | 1,615.1 | −5.340% | $474K | $285K | 20x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0056% | 1h | 1,623.9 | −4.828% | $226K | $161K | 5x | as long as short |
| Entropy io:OAI | +0.0096% | 1h | 1,667.3 | −2.283% | $7.6M | $2.3M | 6x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,614.8 | −5.363% | — | — | 10x | as long as short |
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
Coinbase International OPENAI-PERP-INTX
Entropy io:OAI
Aevo OPENAI-PERP