Funding you earn now, next payment 10:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter RH against Phemex+3.053%7-day average +4.571% · you sell dearer than you buy
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$282as in the Price arb table
costs, in and out, $10k−$1301.303% of the position
Funding, last 7 days+0.067%+$7 on $10k
+Price spread, last 4 days (all we have)+2.721%+$272 · spread now +3.053%, 7d avg +4.571%
=Together, before fees+2.789%+ Points / potential airdropLighter RH: Points live · farm board+$279 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 1.519% cheaper against Phemex than usual: you would sell low and buy high (spread +3.053% now, against its 7-day average of +4.571%). If the spread goes back, that is −$152 on $10k: about 5 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 | Phemex OPENAIUSDT | 1,630.4 | 0 | get 0.0000% / 8h | 6h 03m | $1.6M | $502K | 10x |
| Short | Lighter RH OPENAI | 1,680.2 | 0.0032 | get 0.0004% / 1h | 3m 42s | $2.8M | $6.4M | 5x |
Phemex OPENAIUSDT
Lighter RH OPENAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Phemex. 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: +3.053% → +4.571%
- −$151.88
- Slippage, 4 orders
- −$118.31
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$275.47
- Costs to cover
- 1.303%
- Break-even
- 294.0 days
Slippage from Phemex: live order book, 3 min ago; Lighter RH: live order book, 3 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 Phemex live order book, 3 min ago | 1.59 bp | 47.8 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 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 | 1,629.3 | −0.069% | $1.2M | $650K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,714.1 | +5.132% | $1.4M | $282K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,667.5 | +2.277% | $733K | $283K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,658 | +1.693% | $5.1M | $1.2M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,627.2 | −0.196% | $48.6M | $14.5M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,630.8 | +0.022% | $5.4M | $3.7M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,632.3 | +0.117% | — | $1.7M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,631 | +0.037% | $3K | $3K | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,632 | +0.098% | $80K | $221K | 20x | as long as short |
| Phemex OPENAIUSDTlong | 0.0000% | 8h | 1,630.4 | long leg | $1.6M | $502K | 10x |
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-USDTShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAIshort | +0.0032% | 1h | 1,680.2 | +3.053% | $2.8M | $6.4M | 5x | |
| BloFin OPENAI-USDT | +0.0039% | 8h | 1,632.8 | +0.145% | $483K | $317K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,629.5 | −0.054% | $142K | $814K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,632.4 | +0.120% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,630.1 | −0.019% | $23.0M | $17.0M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,631 | +0.034% | $6.7M | $2.5M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,634 | +0.219% | $378K | $210K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,632.2 | +0.113% | $2.6M | $770K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,631.2 | +0.046% | $2K | $170K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,631.3 | +0.056% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0170% | 1h | 1,671.9 | +2.545% | $7.6M | $2.4M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0720% | 1h | 1,635.2 | +0.294% | $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