OPENAI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0336%/8h= −36.8% APRnext payment −$0.42 per $10,000 · paid last 24h −0.214%

Price spread now: Lighter against Coinbase International+4.994%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$173as in the Funding arb table

Net, price: spread back to 7d avg − costs+$408as in the Price arb table

costs, in and out, $10k−$910.912% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.815%−$81 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 4.994% dearer against Coinbase International than usual: you sell high and buy low (spread +4.994% now, against zero (this spread has no 7-day history yet)): +$499 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 50 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International OPENAI-PERP-INTX	1,629	0.0344	pay 0.0043% / 1h	35m 59s	$236K	$172K	5x
Short	Lighter OPENAI	1,710.4	0.0008	get 0.0001% / 1h	35m 59s	$1.4M	$274K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee LighterbpOrdersPrice spread, now +4.994%Rate

Funding earned: −$70.56
Price spread: +4.994% → 0.000%: $499.39
Slippage, 4 orders: −$81.2
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $337.62
Costs to cover: 0.912%
Break-even: from the start

Slippage from Coinbase International: live order book, 62 min ago; Lighter: live order book, 5 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 Coinbase International live order book, 62 min ago	8.07 bp	21.6 bp −$22	48.9 bp −$489	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	1.84 bp	24.9 bp −$25	109.7 bp −$1,097	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
Deribit OPENAI_USDC-PERPETUAL	−0.0060%	1h	1,620.4	−0.531%	$3K	$3K	5x	as long as short
QFEX OPENAI-USD	−0.0004%	1h	1,619	−0.614%	$1.2M	$632K	10x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,657.1	+1.722%	$719K	$284K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,646.4	+1.068%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,618.2	−0.665%	$45.9M	$9.9M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,620.8	−0.501%	$5.4M	$3.9M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,621.8	−0.442%	—	$2.3M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,619.7	−0.572%	$79K	$225K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,619.9	−0.560%	$1.6M	$498K	10x	as long as short
Lighter OPENAIshort	+0.0008%	1h	1,710.4	+4.994%	$1.4M	$274K	5x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH OPENAI	+0.0032%	1h	1,677.1	+2.955%	$2.7M	$6.2M	5x	as long as short
BloFin OPENAI-USDT	+0.0045%	8h	1,619.8	−0.562%	$476K	$296K	20x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,618.8	−0.625%	$142K	$808K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,621.7	−0.449%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,619.3	−0.596%	$22.9M	$16.3M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,622.2	−0.416%	$6.6M	$2.4M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,620.7	−0.508%	$373K	$103K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,624.1	−0.302%	$2.6M	$760K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,624	−0.309%	$2K	$173K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,618.6	−0.639%	—	—	10x	as long as short
Entropy io:OAI	+0.0237%	1h	1,670.5	+2.548%	$7.6M	$2.3M	6x	as long as short
Coinbase International OPENAI-PERP-INTXlong	+0.0344%	1h	1,629	long leg	$236K	$172K	5x