Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.014%
Price spread now: Lighter against Aster+5.081%7-day average +6.303% · you sell dearer than you buy
Net, funding: paid 7d − costs−$587as in the Funding arb table
Net, price: spread back to 7d avg − costs−$699as in the Price arb table
costs, in and out, $10k−$5765.764% of the position
Funding, last 7 days−0.102%−$10 on $10k
+Price spread, last 4 days (all we have)+2.077%+$208 · spread now +5.081%, 7d avg +6.303%
=Together, before fees+1.975%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$197 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter is 1.222% cheaper against Aster than usual: you would sell low and buy high (−$122 if the spread goes back to its 7-day average of +6.303%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster OPENAIUSDT | 1,629.7 | 0.0050 | pay 0.0050% / 8h | 4h 38m | $212K | $3K | 20x |
| Short | Lighter OPENAI | 1,712.5 | 0 | get 0.0000% / 1h | 38m 13s | $1.4M | $265K | 5x |
Aster OPENAIUSDT
Lighter OPENAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Aster. 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
- −$10.5
- Price spread: +5.081% → +6.303%
- −$122.19
- Slippage, 4 orders
- −$568.36
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$709.04
- Costs to cover
- 5.764%
- Break-even
- never at this rate
Slippage from Aster: live order book, 18 min ago; Lighter: 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 Aster live order book, 18 min ago | 46.17 bp | 424.3 bp −$424 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 0.03 bp | 21.3 bp −$21 | 89.0 bp −$890 | 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 | 1,625.7 | −0.243% | $226K | $160K | 5x | as long as short |
| QFEX OPENAI-USD | −0.0004% | 1h | 1,623.7 | −0.372% | $1.2M | $540K | 10x | as long as short |
| Lighter OPENAIshort | 0.0000% | 1h | 1,712.5 | +5.081% | $1.4M | $265K | 5x | |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,664.2 | +2.115% | $759K | $206K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,653.1 | +1.435% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,621.8 | −0.486% | $52.5M | $28.1M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,625.4 | −0.267% | $5.5M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,624.7 | −0.307% | — | $2.4M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,625.3 | −0.272% | $79K | $218K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,624.7 | −0.306% | $1.6M | $545K | 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
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 | 1,679.9 | +3.081% | $2.7M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,623.6 | −0.376% | $144K | $736K | 10x | as long as short |
| Aster OPENAIUSDTlong | +0.0050% | 8h | 1,629.7 | long leg | $212K | $3K | 20x | |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,624.1 | −0.345% | $22.9M | $17.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,624.9 | −0.294% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,624.4 | −0.326% | $375K | $70K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,624 | −0.350% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,622.8 | −0.425% | $2K | $147K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0074% | 8h | 1,624.2 | −0.340% | $475K | $282K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,623.7 | −0.368% | — | — | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | +0.0177% | 1h | 1,625 | −0.291% | — | $3 | 5x | as long as short |
| Entropy io:OAI | +0.0228% | 1h | 1,670.7 | +2.515% | $7.6M | $2.3M | 6x | as long as short |
Lighter RH OPENAI
Extended OPENAI-USD
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Aevo OPENAI-PERP
Deribit OPENAI_USDC-PERPETUAL
Entropy io:OAI