Funding you earn now, next payment 10:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.005%
Price spread now: Extended against Lighter RH−2.925%7-day average −4.661% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs+$99as in the Price arb table
costs, in and out, $10k−$750.748% of the position
Funding, last 7 days+0.034%+$3 on $10k
+Price spread, last 4 days (all we have)−2.753%−$275 · spread now −2.925%, 7d avg −4.661%
=Together, before fees−2.720%+ Points / potential airdropLighter RH: Points live · Extended: Active · farm board−$272 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Extended is 1.736% dearer against Lighter RH than usual: you sell high and buy low: +$174 more if the spread goes back to its 7-day average of −4.661%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH OPENAI | 1,678.8 | 0.0032 | pay 0.0004% / 1h | 16m 17s | $2.8M | $6.3M | 5x |
| Short | Extended OPENAI-USD | 1,629.7 | 0.0048 | get 0.0006% / 1h | 16m 17s | $143K | $808K | 10x |
Lighter RH OPENAI
Extended OPENAI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $3.36
- Price spread: −2.925% → −4.661%
- $173.58
- Slippage, 4 orders
- −$69.79
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $102.15
- Costs to cover
- 0.748%
- Break-even
- from the start
Slippage from Lighter RH: live order book, 5 min ago; Extended: live order book, 34 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, 5 min ago | 1.37 bp | 3.7 bp −$4 | 58.1 bp −$581 | doesn't fit | doesn't fit |
| Sell Extended live order book, 34 min ago | 4.30 bp | 31.5 bp −$31 | 243.9 bp −$2,439 | 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 | −0.0010% | 1h | 1,630 | −2.909% | $1.2M | $648K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,712.8 | +2.023% | $1.4M | $277K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,666.4 | −0.739% | $732K | $285K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,657.3 | −1.282% | $5.1M | $1.2M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,627.9 | −3.035% | $48.5M | $13.9M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,631 | −2.851% | $5.4M | $3.7M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,631.1 | −2.842% | — | $1.8M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,629.7 | −2.928% | $3K | $3K | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,631 | −2.850% | $79K | $224K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,629.5 | −2.939% | $1.6M | $500K | 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 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAIlong | +0.0032% | 1h | 1,678.8 | long leg | $2.8M | $6.3M | 5x | |
| Extended OPENAI-USDshort | +0.0048% | 1h | 1,629.7 | −2.925% | $143K | $808K | 10x | |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,632.4 | −2.764% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,630.2 | −2.896% | $23.0M | $16.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,632.7 | −2.750% | $6.7M | $2.5M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,633.5 | −2.698% | $377K | $196K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,631.3 | −2.828% | $2.6M | $770K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,630.4 | −2.883% | $2K | $169K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0062% | 8h | 1,630.9 | −2.854% | $481K | $316K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,629.2 | −2.953% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0168% | 1h | 1,671.1 | −0.460% | $7.6M | $2.4M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0720% | 1h | 1,633.5 | −2.702% | $230K | $175K | 5x | as long as short |
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Aevo OPENAI-PERP
Entropy io:OAI
Coinbase International OPENAI-PERP-INTX