Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.010%
Price spread now: QFEX against Lighter RH−3.092%7-day average −5.777% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs+$238as in the Price arb table
costs, in and out, $10k−$310.307% of the position
Funding, last 4 days (all we have)−0.037%−$4 on $10k
+Price spread, last 7 days−3.755%−$375 · spread now −3.092%, 7d avg −5.777%
=Together, before fees−3.792%+ Points / potential airdropLighter RH: Points live · farm board−$379 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 2.686% dearer against Lighter RH than usual: you sell high and buy low (spread −3.092% now, against its 7-day average of −5.777%): +$269 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH OPENAI | 1,674.9 | 0.0032 | pay 0.0004% / 1h | 50m 06s | $2.7M | $6.1M | 5x |
| Short | QFEX OPENAI-USD | 1,623.1 | 0.0000 | get 0.0000% / 1h | 50m 06s | $1.2M | $443K | 10x |
Lighter RH OPENAI
QFEX OPENAI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$6.67
- Price spread: −3.092% → −5.777%
- $268.57
- Slippage, 4 orders
- −$20.68
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- $231.22
- Costs to cover
- 0.307%
- Break-even
- from the start
Slippage from Lighter RH: live order book, 3 min ago; QFEX: 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, 3 min ago | 2.03 bp | 2.9 bp −$3 | 44.2 bp −$442 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 1 min ago | 2.46 bp | 11.5 bp −$11 | 20.7 bp −$207 | doesn't fit | doesn't fit |
OPENAI on 21 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 | −0.0104% | 1h | 1,623.3 | −3.083% | $224K | $158K | 5x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,707.6 | +1.952% | $1.4M | $268K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,661.5 | −0.801% | $762K | $203K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,651.7 | −1.385% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,619.3 | −3.319% | $52.4M | $28.7M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,623.5 | −3.068% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,623.4 | −3.075% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,622.2 | −3.144% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,623.9 | −3.047% | $79K | $216K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,621.8 | −3.170% | $1.6M | $545K | 10x | as long as short |
Coinbase International OPENAI-PERP-INTX
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 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX OPENAI-USDshort | 0.0000% | 1h | 1,623.1 | −3.092% | $1.2M | $443K | 10x | |
| Lighter RH OPENAIlong | +0.0032% | 1h | 1,674.9 | long leg | $2.7M | $6.1M | 5x | |
| Extended OPENAI-USD | +0.0048% | 1h | 1,622.8 | −3.109% | $131K | $720K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,628.7 | −2.761% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,623 | −3.098% | $22.9M | $17.8M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,622.4 | −3.136% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,621.9 | −3.164% | $373K | $71K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,622.7 | −3.118% | $2.6M | $752K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,622.2 | −3.145% | $2K | $137K | 10x | as long as short |
| Entropy io:OAI | +0.0097% | 1h | 1,667.6 | −0.436% | $7.4M | $2.1M | 6x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,622.6 | −3.121% | — | — | 10x | as long as short |
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Entropy io:OAI
Aevo OPENAI-PERP