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 against Lighter RH+1.918%7-day average +1.362% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs+$1as 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−1.422%−$142 · spread now +1.918%, 7d avg +1.362%
=Together, before fees−1.487%+ Points / potential airdropLighter RH: Points live · Lighter: Season 3 · farm board−$149 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.556% dearer against Lighter RH than usual: you sell high and buy low (spread +1.918% now, against its 7-day average of +1.362%): +$56 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH OPENAI | 1,681 | 0.0032 | pay 0.0004% / 1h | 9m 30s | $2.7M | $6.2M | 5x |
| Short | Lighter OPENAI | 1,713.3 | 0.0008 | get 0.0001% / 1h | 9m 30s | $1.4M | $266K | 5x |
Lighter RH OPENAI
Lighter OPENAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$5.04
- Price spread: +1.918% → +1.362%
- $55.62
- Slippage, 4 orders
- −$54.28
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$3.7
- Costs to cover
- 0.543%
- Break-even
- from the start
Slippage from Lighter RH: live order book, 4 min ago; Lighter: live order book, 2 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 | 1.61 bp | 5.3 bp −$5 | 53.6 bp −$536 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 2 min ago | 1.34 bp | 26.8 bp −$27 | 95.6 bp −$956 | 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 | 1,624.9 | −3.337% | $226K | $161K | 5x | as long as short |
| QFEX OPENAI-USD | −0.0004% | 1h | 1,622.4 | −3.487% | $1.2M | $549K | 10x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,663.7 | −1.032% | $755K | $207K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,652 | −1.726% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,619.4 | −3.666% | $52.4M | $28.1M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,623.8 | −3.406% | $5.5M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,623.6 | −3.416% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,621.8 | −3.522% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,623.3 | −3.432% | $79K | $220K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,622.1 | −3.503% | $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 OPENAIshort | +0.0008% | 1h | 1,713.3 | +1.918% | $1.4M | $266K | 5x | |
| Lighter RH OPENAIlong | +0.0032% | 1h | 1,681 | long leg | $2.7M | $6.2M | 5x | |
| Extended OPENAI-USD | +0.0048% | 1h | 1,621.9 | −3.515% | $141K | $740K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,627.6 | −3.176% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,622.4 | −3.488% | $22.9M | $17.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,622.7 | −3.471% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,625.3 | −3.313% | $375K | $70K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,622.4 | −3.488% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,622.2 | −3.496% | $2K | $151K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0076% | 8h | 1,622.6 | −3.474% | $474K | $286K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,622.3 | −3.495% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0233% | 1h | 1,675.1 | −0.352% | $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