Funding you earn now, next payment 11:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h +0.012%
Price spread now: BloFin against Lighter−4.697%7-day average −6.264% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs+$30as in the Price arb table
costs, in and out, $10k−$1271.269% of the position
Funding, last 7 days+0.104%+$10 on $10k
+Price spread, last 4 days (all we have)−3.293%−$329 · spread now −4.697%, 7d avg −6.264%
=Together, before fees−3.190%+ Points / potential airdropLighter: Season 3 · farm board−$319 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 1.567% dearer against Lighter than usual: you sell high and buy low: +$157 more if the spread goes back to its 7-day average of −6.264%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter OPENAI | 1,716.4 | 0 | get 0.0000% / 1h | 26m 59s | $1.4M | $275K | 5x |
| Short | BloFin OPENAI-USDT | 1,635.7 | 0.0027 | get 0.0027% / 8h | 5h 26m | $487K | $323K | 20x |
Lighter OPENAI
BloFin OPENAI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Lighter. 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
- $5.71
- Price spread: −4.697% → −6.264%
- $156.7
- Slippage, 4 orders
- −$114.92
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $35.49
- Costs to cover
- 1.269%
- Break-even
- from the start
Slippage from Lighter: live order book, 2 min ago; BloFin: live order book, 17 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 live order book, 2 min ago | 0.03 bp | 25.6 bp −$26 | 526.0 bp −$5,260 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 17 min ago | 0.40 bp | 10.9 bp −$11 | 15.2 bp −$152 | doesn't fit | doesn't fit |
OPENAI on 22 exchanges
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 | −0.0003% | 1h | 1,635.3 | −4.720% | $1.2M | $655K | 10x | as long as short |
| Lighter OPENAIlong | 0.0000% | 1h | 1,716.4 | long leg | $1.4M | $275K | 5x | |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,674.6 | −2.432% | $718K | $289K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,663.9 | −3.056% | $5.1M | $1.2M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,633.2 | −4.848% | $49.5M | $16.0M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,636.3 | −4.667% | $5.4M | $3.5M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,635.7 | −4.699% | — | $1.6M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,635.8 | −4.694% | $3K | $3K | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,636.3 | −4.666% | $80K | $161K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,634.6 | −4.764% | $1.6M | $506K | 10x | as long as short |
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 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin OPENAI-USDTshort | +0.0027% | 8h | 1,635.7 | −4.697% | $487K | $323K | 20x | |
| Lighter RH OPENAI | +0.0032% | 1h | 1,684.1 | −1.882% | $2.8M | $6.3M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,635.1 | −4.734% | $142K | $810K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,638.1 | −4.560% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,635.7 | −4.702% | $23.1M | $17.4M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,634.5 | −4.768% | $6.7M | $2.5M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,640.5 | −4.419% | $381K | $250K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,634.7 | −4.758% | $2.6M | $770K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,634.6 | −4.761% | $2K | $169K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,635.2 | −4.726% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0159% | 1h | 1,674.1 | −2.462% | $7.6M | $2.4M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0712% | 1h | 1,641.5 | −4.363% | $231K | $176K | 5x | as long as short |
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI
Coinbase International OPENAI-PERP-INTX