Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Lighter against Bitget+4.246%7-day average +7.121% · you sell dearer than you buy
Net, funding: paid 7d − costs−$346as in the Funding arb table
Net, price: spread back to 7d avg − costs−$634as in the Price arb table
costs, in and out, $10k−$3463.463% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 7 days+3.120%+$312 · spread now +4.246%, 7d avg +7.121%
=Together, before fees+3.123%+ Points / potential airdropLighter: Season 3 · farm board+$312 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 2.875% cheaper against Bitget than usual: you would sell low and buy high, −$288 on $10k if it goes back to its 7-day average of +7.121%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget OPENAIUSDT | 1,626.8 | 0 | get 0.0000% / 8h | 1h 44m | $5.5M | $5.1M | 20x |
| Short | Lighter OPENAI | 1,695.8 | 0 | get 0.0000% / 1h | 44m 55s | $1.4M | $289K | 5x |
Bitget OPENAIUSDT
Lighter OPENAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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
- $0
- Price spread: +4.246% → +7.121%
- −$287.52
- Slippage, 4 orders
- −$334.35
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$633.87
- Costs to cover
- 3.463%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Lighter: 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 Bitget live order book, 3 min ago | 2.30 bp | 42.1 bp −$42 | 48.9 bp −$489 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 1 min ago | 51.74 bp | 77.5 bp −$78 | 117.7 bp −$1,177 | 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 | 1,626.8 | −0.001% | $1.2M | $372K | 10x | as long as short |
| Lighter OPENAIshort | 0.0000% | 1h | 1,695.8 | +4.246% | $1.4M | $289K | 5x | |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,672 | +2.779% | $760K | $225K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,657 | +1.859% | $5.1M | $1.4M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,622.1 | −0.290% | $52.8M | $40.6M | 50x | as long as short |
| Bitget OPENAIUSDTlong | 0.0000% | 8h | 1,626.8 | long leg | $5.5M | $5.1M | 20x | |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,628.7 | +0.119% | — | $2.6M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,629.6 | +0.176% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,628.9 | +0.133% | $79K | $213K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,626 | −0.046% | $1.6M | $581K | 10x | as long as short |
QFEX OPENAI-USD
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
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 OPENAI | +0.0032% | 1h | 1,666.2 | +2.423% | $2.6M | $6.2M | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0037% | 8h | 1,626.4 | −0.022% | $473K | $295K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,627.6 | +0.054% | $132K | $670K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,636.1 | +0.576% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,628 | +0.074% | $23.2M | $21.0M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,625.8 | −0.059% | $12.9M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,636.1 | +0.575% | $377K | $65K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,625.5 | −0.076% | $2.6M | $757K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,626.4 | −0.025% | $2K | $152K | 10x | as long as short |
| Entropy io:OAI | +0.0058% | 1h | 1,661.4 | +2.129% | $7.3M | $2.2M | 6x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,627.8 | +0.063% | — | — | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0456% | 1h | 1,625.8 | −0.057% | $236K | $105K | 5x | as long as short |
Lighter RH OPENAI
BloFin OPENAI-USDT
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
Coinbase International OPENAI-PERP-INTX