Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h +0.005%
Price spread now: Aster against Lighter RH−3.196%7-day average −4.527% · you buy dearer than you sell
Net, funding: paid 7d − costs−$340as in the Funding arb table
Net, price: spread back to 7d avg − costs−$211as in the Price arb table
costs, in and out, $10k−$3443.439% of the position
Funding, last 7 days+0.038%+$4 on $10k
+Price spread, last 4 days (all we have)−2.327%−$233 · spread now −3.196%, 7d avg −4.527%
=Together, before fees−2.289%+ Points / potential airdropLighter RH: Points live · Aster: Stage 5 · farm board−$229 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 1.331% dearer against Lighter RH than usual: you sell high and buy low: +$133 more if the spread goes back to its 7-day average of −4.527%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH OPENAI | 1,672.7 | 0.0032 | pay 0.0004% / 1h | 9m 42s | $2.7M | $6.2M | 5x |
| Short | Aster OPENAIUSDT | 1,619.2 | 0.0050 | get 0.0050% / 8h | 9m 42s | $211K | $3K | 20x |
Lighter RH OPENAI
Aster OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Lighter RH. 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
- $3.78
- Price spread: −3.196% → −4.527%
- $133.06
- Slippage, 4 orders
- −$335.88
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$207.04
- Costs to cover
- 3.439%
- Break-even
- 390.4 days
Slippage from Lighter RH: live order book, 4 min ago; Aster: live order book, 27 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 RH live order book, 4 min ago | 1.59 bp | 8.1 bp −$8 | 52.7 bp −$527 | doesn't fit | doesn't fit |
| Sell Aster live order book, 27 min ago | 31.65 bp | 77.4 bp −$77 | 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 | −0.0005% | 1h | 1,616.6 | −3.352% | $1.2M | $626K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,705.9 | +1.982% | $1.4M | $269K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,653.8 | −1.128% | $735K | $269K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,641.3 | −1.877% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,614.6 | −3.472% | $45.5M | $14.1M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,617.2 | −3.315% | $5.3M | $4.5M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,617.8 | −3.282% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,617.6 | −3.295% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,617.1 | −3.323% | $79K | $225K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,616.3 | −3.371% | $1.6M | $502K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
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 RH OPENAIlong | +0.0032% | 1h | 1,672.7 | long leg | $2.7M | $6.2M | 5x | |
| BloFin OPENAI-USDT | +0.0035% | 8h | 1,615.9 | −3.395% | $475K | $294K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,616.3 | −3.370% | $142K | $806K | 10x | as long as short |
| Aster OPENAIUSDTshort | +0.0050% | 8h | 1,619.2 | −3.196% | $211K | $3K | 20x | |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,616.7 | −3.347% | $22.8M | $16.7M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,617.2 | −3.318% | $6.6M | $5.0M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,616.3 | −3.374% | $372K | $73K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,615.5 | −3.421% | $2.6M | $760K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,616.4 | −3.366% | $2K | $176K | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0072% | 1h | 1,623.7 | −2.926% | $235K | $174K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,616.6 | −3.353% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0122% | 1h | 1,665.1 | −0.454% | $7.6M | $2.3M | 6x | as long as short |
BloFin OPENAI-USDT
Extended OPENAI-USD
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Coinbase International OPENAI-PERP-INTX
Aevo OPENAI-PERP
Entropy io:OAI