Funding you earn now, next payment 05:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h +0.005%
Price spread now: MEXC against Lighter RH−3.473%7-day average −5.683% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs+$204as in the Price arb table
costs, in and out, $10k−$170.168% of the position
Funding, last 7 days+0.038%+$4 on $10k
+Price spread, last 7 days−3.340%−$334 · spread now −3.473%, 7d avg −5.683%
=Together, before fees−3.303%+ Points / potential airdropLighter RH: Points live · farm board−$330 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 MEXC is 2.210% dearer against Lighter RH than usual: you sell high and buy low: +$221 more if the spread goes back to its 7-day average of −5.683%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH OPENAI | 1,673.4 | 0.0032 | pay 0.0004% / 1h | 4m 20s | $2.6M | $6.2M | 5x |
| Short | MEXC OPENAI_USDT | 1,615.2 | 0.0050 | get 0.0050% / 8h | 3h 04m | $13.0M | $3.2M | 50x |
Lighter RH OPENAI
MEXC OPENAI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $3.78
- Price spread: −3.473% → −5.683%
- $221.02
- Slippage, 4 orders
- −$16.76
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $208.04
- Costs to cover
- 0.168%
- Break-even
- from the start
Slippage from Lighter RH: live order book, 4 min ago; MEXC: live order book, 4 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, 4 min ago | 1.02 bp | 7.6 bp −$8 | 54.4 bp −$544 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.25 bp | 2.9 bp −$3 | 17.9 bp −$179 | 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 | −0.0001% | 1h | 1,615.3 | −3.467% | $1.2M | $587K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,706.3 | +1.967% | $1.4M | $265K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,658.5 | −0.887% | $753K | $206K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,647.9 | −1.521% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,611.9 | −3.673% | $52.2M | $25.4M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,617.4 | −3.347% | $5.4M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,617.6 | −3.332% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,615.4 | −3.463% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,615.9 | −3.432% | $79K | $221K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,615.2 | −3.477% | $1.6M | $533K | 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 | 1,673.4 | long leg | $2.6M | $6.2M | 5x | |
| Extended OPENAI-USD | +0.0048% | 1h | 1,614.9 | −3.494% | $146K | $777K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,618.5 | −3.276% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,615.4 | −3.466% | $22.8M | $17.5M | 20x | as long as short |
| MEXC OPENAI_USDTshort | +0.0050% | 8h | 1,615.2 | −3.473% | $13.0M | $3.2M | 50x | |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,620 | −3.188% | $373K | $69K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,614.9 | −3.490% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,615.6 | −3.448% | $2K | $161K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0054% | 8h | 1,615.1 | −3.479% | $474K | $285K | 20x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0056% | 1h | 1,623.9 | −2.956% | $226K | $161K | 5x | as long as short |
| Entropy io:OAI | +0.0096% | 1h | 1,667.3 | −0.362% | $7.6M | $2.3M | 6x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,614.8 | −3.502% | — | — | 10x | as long as short |
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Coinbase International OPENAI-PERP-INTX
Entropy io:OAI
Aevo OPENAI-PERP