Settings8H · net · $10k
Funding arb · Price arb /

OPENAI

RWAall OPENAI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Lighter against Bitget+5.338%7-day average · you sell dearer than you buy
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs+$390as in the Price arb table
costs, in and out, $10k−$1441.438% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.003%$0 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 5.338% dearer against Bitget than usual: you sell high and buy low, +$534 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget OPENAIUSDT1,624.40get 0.0000% / 8h7h 52m$5.4M$3.9M20x
ShortLighter OPENAI1,711.10get 0.0000% / 1h52m 14s$1.4M$273K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +5.338% → 0.000%
$533.81
Slippage, 4 orders
−$131.8
Fee Bitget: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
$390.01
Costs to cover
1.438%
Break-even
from the start
Slippage from Bitget: live order book, 1 min ago; Lighter: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 1 min ago2.31 bp16.6 bp −$1723.7 bp −$237105.4 bp −$10.5Kdoesn't fit
Sell Lighter live order book, 4 min ago1.02 bp52.0 bp −$52128.7 bp −$1,287doesn't fitdoesn't fit

OPENAI on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX OPENAI-USD−0.0004%1h1,623.8−0.032%$1.2M$632K10xas long as short
Lighter OPENAIshort0.0000%1h1,711.1+5.338%$1.4M$273K5x
Bybit OPENAIUSDT0.0000%8h1,660.1+2.200%$729K$273K25xas long as short
OKX OPENAI-USDT-SWAP0.0000%8h1,650.6+1.616%$5.1M$1.3M20xas long as short
Gate OPENAI_USDT0.0000%8h1,622.1−0.141%$45.7M$9.2M50xas long as short
Bitget OPENAIUSDTlong0.0000%8h1,624.4long leg$5.4M$3.9M20x
SunX OPENAI-USDT0.0000%8h1,623.8−0.034%$2.4M10xas long as short
HTX OPENAI-USDT0.0000%8h1,624.3−0.005%$79K$225K20xas long as short
Phemex OPENAIUSDT0.0000%8h1,623.7−0.040%$1.6M$499K10xas long as short
Lighter RH OPENAI+0.0032%1h1,679.3+3.380%$2.7M$6.1M5xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended OPENAI-USD+0.0048%1h1,623−0.084%$141K$808K10xas long as short
Aster OPENAIUSDT+0.0050%8h1,625.9+0.095%$212K$3K20xas long as short
Binance OPENAIUSDT+0.0050%8h1,623.5−0.051%$22.9M$16.5M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,624.3−0.004%$6.6M$2.4M50xas long as short
KuCoin OPENAIUSDTM+0.0050%8h1,623.7−0.041%$374K$87K20xas long as short
Variational Omni OPENAI+0.0050%8h1,621.7−0.162%$2.6M$760Kas long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,620.9−0.213%$2K$176K10xas long as short
BloFin OPENAI-USDT+0.0072%8h1,623.2−0.074%$476K$296K20xas long as short
Aevo OPENAI-PERP+0.0104%1h1,624.3−0.004%10xas long as short
Entropy io:OAI+0.0246%1h1,666.9+2.620%$7.6M$2.3M6xas long as short
Coinbase International OPENAI-PERP-INTX+0.0344%1h1,629+0.286%$236K$173K5xas long as short
Deribit OPENAI_USDC-PERPETUAL+0.0554%1h1,624.3−0.004%$35xas long as short