Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: Gate against Lighter RH−3.503%7-day average −5.773% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs+$182as in the Price arb table
costs, in and out, $10k−$450.446% of the position
Funding, last 7 days−0.067%−$7 on $10k
+Price spread, last 7 days−3.562%−$356 · spread now −3.503%, 7d avg −5.773%
=Together, before fees−3.629%+ Points / potential airdropLighter RH: Points live · farm board−$363 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 2.270% dearer against Lighter RH than usual: you sell high and buy low (spread −3.503% now, against its 7-day average of −5.773%): +$227 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH OPENAI | 1,673.1 | 0.0032 | pay 0.0004% / 1h | 47m 33s | $2.6M | $6.0M | 5x |
| Short | Gate OPENAI_USDT | 1,614.5 | 0 | get 0.0000% / 8h | 47m 33s | $45.2M | $13.7M | 50x |
Lighter RH OPENAI
Gate OPENAI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$6.72
- Price spread: −3.503% → −5.773%
- $227.02
- Slippage, 4 orders
- −$29.65
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $175.66
- Costs to cover
- 0.446%
- Break-even
- from the start
Slippage from Lighter RH: live order book, 1 min ago; Gate: live order book, 1 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, 1 min ago | 1.08 bp | 2.0 bp −$2 | 16.9 bp −$169 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 0.09 bp | 14.1 bp −$14 | 217.9 bp −$2,179 | 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 | 1,616.2 | −3.402% | $1.2M | $622K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,708.3 | +2.107% | $1.4M | $268K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,657.3 | −0.945% | $738K | $263K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,646.5 | −1.589% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDTshort | 0.0000% | 8h | 1,614.5 | −3.503% | $45.2M | $13.7M | 50x | |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,617.9 | −3.299% | $5.4M | $4.6M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,617.6 | −3.316% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,615.8 | −3.423% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,616.4 | −3.385% | $79K | $228K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,616.6 | −3.373% | $1.6M | $511K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
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 | 1,673.1 | long leg | $2.6M | $6.0M | 5x | |
| BloFin OPENAI-USDT | +0.0039% | 8h | 1,615.1 | −3.466% | $474K | $301K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,615.9 | −3.420% | $141K | $755K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,619 | −3.234% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,616.3 | −3.392% | $22.8M | $17.8M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,615.7 | −3.431% | $6.6M | $5.0M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,619.9 | −3.177% | $375K | $70K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,615 | −3.474% | $2.6M | $758K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,617.1 | −3.347% | $2K | $182K | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0072% | 1h | 1,620.1 | −3.167% | $226K | $165K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,615.8 | −3.425% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0149% | 1h | 1,667.7 | −0.322% | $7.6M | $2.3M | 6x | as long as short |
BloFin OPENAI-USDT
Extended OPENAI-USD
Aster OPENAIUSDT
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