Funding you earn now, next payment 08:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h +0.003%
Price spread now: BloFin against Lighter RH−3.309%7-day average −4.589% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs+$79as in the Price arb table
costs, in and out, $10k−$490.488% of the position
Funding, last 7 days+0.039%+$4 on $10k
+Price spread, last 4 days (all we have)−2.562%−$256 · spread now −3.309%, 7d avg −4.589%
=Together, before fees−2.523%+ Points / potential airdropLighter RH: Points live · farm board−$252 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 1.280% dearer against Lighter RH than usual: you sell high and buy low: +$128 more if the spread goes back to its 7-day average of −4.589%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH OPENAI | 1,673.1 | 0.0032 | pay 0.0004% / 1h | 6m 59s | $2.7M | $6.2M | 5x |
| Short | BloFin OPENAI-USDT | 1,617.8 | 0.0070 | get 0.0070% / 8h | 6m 59s | $476K | $295K | 20x |
Lighter RH OPENAI
BloFin OPENAI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $8.05
- Price spread: −3.309% → −4.589%
- $127.97
- Slippage, 4 orders
- −$36.83
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $87.18
- Costs to cover
- 0.488%
- Break-even
- from the start
Slippage from Lighter RH: live order book, 1 min ago; BloFin: live order book, 9 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, 1 min ago | 0.75 bp | 7.6 bp −$8 | 69.8 bp −$698 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 9 min ago | 0.40 bp | 17.5 bp −$18 | 20.3 bp −$203 | 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 | 1,617 | −3.355% | $1.2M | $626K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,706.3 | +1.981% | $1.4M | $269K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,656.4 | −0.999% | $736K | $269K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,645.1 | −1.676% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,616.3 | −3.395% | $45.5M | $14.1M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,618.5 | −3.265% | $5.4M | $4.5M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,617.7 | −3.314% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,618.4 | −3.272% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,618.8 | −3.250% | $79K | $225K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,617.3 | −3.340% | $1.6M | $502K | 10x | as long as short |
QFEX OPENAI-USD
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 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAIlong | +0.0032% | 1h | 1,673.1 | long leg | $2.7M | $6.2M | 5x | |
| Extended OPENAI-USD | +0.0048% | 1h | 1,617.1 | −3.352% | $142K | $806K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,620.3 | −3.160% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,617.4 | −3.329% | $22.9M | $16.7M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,617.8 | −3.308% | $6.6M | $5.0M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,616.2 | −3.403% | $373K | $74K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,615.5 | −3.447% | $2.6M | $760K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,616.3 | −3.396% | $2K | $176K | 10x | as long as short |
| BloFin OPENAI-USDTshort | +0.0070% | 8h | 1,617.8 | −3.309% | $476K | $295K | 20x | |
| Coinbase International OPENAI-PERP-INTX | +0.0072% | 1h | 1,623.7 | −2.953% | $235K | $174K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,617.5 | −3.323% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0123% | 1h | 1,665.1 | −0.481% | $7.6M | $2.3M | 6x | as long as short |
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Coinbase International OPENAI-PERP-INTX
Aevo OPENAI-PERP
Entropy io:OAI