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

OPENAI

RWAall OPENAI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0145%/8h= −15.8% APRnext payment $0.18 per $10,000 · paid last 24h −0.046%
Price spread now: Lighter RH against Entropy+0.707%7-day average +0.473% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.515%−$52 on $10k
Price spread, last 7 days−0.237%−$24 · spread now +0.707%, 7d avg +0.473%
Together, before fees−0.752%+ Points / potential airdropLighter RH: Points live · farm board−$75 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.233% dearer against Entropy than usual: you sell high and buy low (spread +0.707% now, against its 7-day average of +0.473%): +$23 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.4 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongEntropy io:OAI1,677.90.0177pay 0.0022% / 1h7m 31s$7.8M$2.5M6x
ShortLighter RH OPENAI1,689.80.0032get 0.0004% / 1h7m 31s$2.8M$6.4M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH against Entropy. 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
−$30.37
Price spread: +0.707% → +0.473%
$23.34
Slippage, 4 orders
no order book: not counted
Fee Entropy: 9 bp × 2 orders
−$18
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$25.02
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: Entropy: live order book, 2 min ago; Lighter RH: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Entropy live order book, 2 min ago0.89 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Lighter RH live order book, 4 min ago1.07 bp8.3 bp −$8112.6 bp −$1,126590.0 bp −$59.0Kdoesn't fit

OPENAI on 22 exchanges

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−0.0003%1h1,642.4−2.118%$1.2M$682K10xas long as short
Bybit OPENAIUSDT0.0000%8h1,677.7−0.010%$719K$288K25xas long as short
OKX OPENAI-USDT-SWAP0.0000%8h1,665.4−0.745%$5.1M$1.2M20xas long as short
Gate OPENAI_USDT0.0000%8h1,640−2.261%$50.0M$16.8M50xas long as short
Bitget OPENAIUSDT0.0000%8h1,643.4−2.058%$5.5M$3.5M20xas long as short
SunX OPENAI-USDT0.0000%8h1,641.1−2.193%$1.6M10xas long as short
HTX OPENAI-USDT0.0000%8h1,643.2−2.070%$80K$174K20xas long as short
Phemex OPENAIUSDT0.0000%8h1,642.6−2.103%$1.6M$507K10xas long as short
Lighter OPENAI+0.0008%1h1,723.5+2.715%$1.4M$277K5xas long as short
BloFin OPENAI-USDT+0.0024%8h1,640.4−2.234%$488K$324K20xas long as short
Show all 22 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH OPENAIshort+0.0032%1h1,689.8+0.707%$2.8M$6.4M5x
Extended OPENAI-USD+0.0048%1h1,641.7−2.155%$142K$810K10xas long as short
Aster OPENAIUSDT+0.0050%8h1,645.2−1.950%$214K$3K20xas long as short
Binance OPENAIUSDT+0.0050%8h1,642.5−2.108%$23.2M$17.7M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,641.5−2.171%$6.7M$2.5M50xas long as short
KuCoin OPENAIUSDTM+0.0050%8h1,648.1−1.779%$383K$271K20xas long as short
Variational Omni OPENAI+0.0050%8h1,637.2−2.424%$2.6M$769Kas long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,637.9−2.383%$2K$170K10xas long as short
Aevo OPENAI-PERP+0.0104%1h1,641.6−2.161%10xas long as short
Entropy io:OAIlong+0.0177%1h1,677.9long leg$7.8M$2.5M6x
Coinbase International OPENAI-PERP-INTX+0.0712%1h1,645.3−1.941%$232K$176K5xas long as short
Deribit OPENAI_USDC-PERPETUAL+0.1050%1h1,642.1−2.134%$3K$3K5xas long as short