Funding you earn now, next payment 05:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.005%
Price spread now: Lighter RH against MEXC+3.614%7-day average +5.683% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$224as 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+3.199%+$320 · spread now +3.614%, 7d avg +5.683%
=Together, before fees+3.162%+ Points / potential airdropLighter RH: Points live · farm board+$316 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter RH is 2.069% cheaper against MEXC than usual: you would sell low and buy high (−$207 if the spread goes back to its 7-day average of +5.683%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC OPENAI_USDT | 1,615 | 0.0050 | pay 0.0050% / 8h | 3h 04m | $13.0M | $3.2M | 50x |
| Short | Lighter RH OPENAI | 1,673.4 | 0.0032 | get 0.0004% / 1h | 4m 00s | $2.6M | $6.2M | 5x |
MEXC OPENAI_USDT
Lighter RH OPENAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against MEXC. 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: +3.614% → +5.683%
- −$206.93
- Slippage, 4 orders
- −$16.76
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$227.47
- Costs to cover
- 0.168%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; Lighter RH: 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 MEXC live order book, 4 min ago | 0.25 bp | 0.9 bp −$1 | 2.4 bp −$24 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 1.02 bp | 5.4 bp −$5 | 107.5 bp −$1,075 | 553.4 bp −$55.3K | 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 | +0.020% | $1.2M | $587K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,706.2 | +5.648% | $1.4M | $265K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,658.5 | +2.693% | $753K | $206K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,647.9 | +2.037% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,611.7 | −0.207% | $52.2M | $25.4M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,617.3 | +0.142% | $5.4M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,617.6 | +0.160% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,615.2 | +0.012% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,615.7 | +0.043% | $79K | $222K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,614.4 | −0.038% | $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 OPENAIshort | +0.0032% | 1h | 1,673.4 | +3.614% | $2.6M | $6.2M | 5x | |
| Extended OPENAI-USD | +0.0048% | 1h | 1,614.9 | −0.005% | $141K | $785K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,618.5 | +0.215% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,615.3 | +0.017% | $22.8M | $17.5M | 20x | as long as short |
| MEXC OPENAI_USDTlong | +0.0050% | 8h | 1,615 | long leg | $13.0M | $3.2M | 50x | |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,620 | +0.310% | $373K | $69K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,614.9 | −0.004% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,615.6 | +0.040% | $2K | $161K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0054% | 8h | 1,615.1 | +0.008% | $474K | $285K | 20x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0056% | 1h | 1,623.9 | +0.550% | $226K | $161K | 5x | as long as short |
| Entropy io:OAI | +0.0096% | 1h | 1,667.3 | +3.238% | $7.6M | $2.3M | 6x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,614.8 | −0.016% | — | — | 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