Funding you earn now, next payment 10:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.008%
Price spread now: Lighter RH against Lighter−1.996%7-day average −1.414% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$760.757% of the position
Funding, last 7 days+0.064%+$6 on $10k
+Price spread, last 7 days+1.608%+$161 · spread now −1.996%, 7d avg −1.414%
=Together, before fees+1.673%+ Points / potential airdropLighter: Season 3 · Lighter RH: Points live · farm board+$167 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.582% cheaper against Lighter than usual: you would sell low and buy high (spread −1.996% now, against its 7-day average of −1.414%). If the spread goes back, that is −$58 on $10k: about 2 months of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter OPENAI | 1,714.6 | 0 | get 0.0000% / 1h | 5m 12s | $1.4M | $278K | 5x |
| Short | Lighter RH OPENAI | 1,680.4 | 0.0032 | get 0.0004% / 1h | 5m 12s | $2.8M | $6.4M | 5x |
Lighter OPENAI
Lighter RH OPENAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $6.72
- Price spread: −1.996% → −1.414%
- −$58.22
- Slippage, 4 orders
- −$75.66
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$127.15
- Costs to cover
- 0.757%
- Break-even
- 139.5 days
Slippage from Lighter: live order book, 4 min ago; Lighter RH: 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 live order book, 4 min ago | 0.79 bp | 45.6 bp −$46 | 455.0 bp −$4,550 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 1 min ago | 0.06 bp | 6.4 bp −$6 | 72.2 bp −$722 | 554.8 bp −$55.5K | 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 | −0.0010% | 1h | 1,632 | −4.814% | $1.2M | $650K | 10x | as long as short |
| Lighter OPENAIlong | 0.0000% | 1h | 1,714.6 | long leg | $1.4M | $278K | 5x | |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,668 | −2.718% | $733K | $283K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,659.6 | −3.206% | $5.1M | $1.2M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,630.3 | −4.916% | $48.6M | $14.4M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,633.4 | −4.736% | $5.4M | $3.7M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,633.1 | −4.752% | — | $1.7M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,632.4 | −4.792% | $3K | $3K | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,632 | −4.816% | $80K | $220K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,630.4 | −4.912% | $1.6M | $501K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAIshort | +0.0032% | 1h | 1,680.4 | −1.996% | $2.8M | $6.4M | 5x | |
| BloFin OPENAI-USDT | +0.0039% | 8h | 1,632.8 | −4.771% | $483K | $317K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,631.4 | −4.849% | $142K | $814K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,634.2 | −4.688% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,631.9 | −4.824% | $23.0M | $17.0M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,632.9 | −4.766% | $6.7M | $2.5M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,635.5 | −4.609% | $378K | $208K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,632.2 | −4.802% | $2.6M | $770K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,631.2 | −4.865% | $2K | $170K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,631.6 | −4.839% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0172% | 1h | 1,671.8 | −2.495% | $7.6M | $2.4M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0720% | 1h | 1,635.2 | −4.629% | $230K | $176K | 5x | as long as short |
BloFin OPENAI-USDT
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