OPENAI

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.013%

Price spread now: Lighter against Extended+5.308%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs+$383as in the Price arb table

costs, in and out, $10k−$1471.474% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

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

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

The price spread pays, funding is against you. Lighter is 5.308% dearer against Extended than usual: you sell high and buy low (spread +5.308% now, against zero (this spread has no 7-day history yet)): +$531 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended OPENAI-USD	1,622	0.0048	pay 0.0006% / 1h	57m 00s	$131K	$720K	10x
Short	Lighter OPENAI	1,708.1	0	get 0.0000% / 1h	57m 00s	$1.4M	$268K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Extended. 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 ExtendedbpFee LighterbpOrdersPrice spread, now +5.308%Rate

Funding earned: −$10.08
Price spread: +5.308% → 0.000%: $530.8
Slippage, 4 orders: −$142.37
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: $373.35
Costs to cover: 1.474%
Break-even: from the start

Slippage from Extended: live order book, 6 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 6 min ago	5.24 bp	38.3 bp −$38	248.4 bp −$2,484	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	7.22 bp	42.0 bp −$42	122.6 bp −$1,226	doesn't fit	doesn't fit

OPENAI on 21 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
Coinbase International OPENAI-PERP-INTX	−0.0104%	1h	1,623.3	+0.080%	$224K	$158K	5x	as long as short
Lighter OPENAIshort	0.0000%	1h	1,708.1	+5.308%	$1.4M	$268K	5x
Bybit OPENAIUSDT	0.0000%	8h	1,666.2	+2.729%	$764K	$203K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,650.5	+1.760%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,619.2	−0.170%	$52.4M	$28.7M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,624.2	+0.135%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,623.1	+0.070%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,622.9	+0.059%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,622.6	+0.038%	$79K	$216K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,622.1	+0.006%	$1.6M	$548K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX OPENAI-USD	0.0000%	1h	1,622.3	+0.020%	$1.2M	$435K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,674.5	+3.238%	$2.7M	$6.1M	5x	as long as short
Extended OPENAI-USDlong	+0.0048%	1h	1,622	long leg	$131K	$720K	10x
Aster OPENAIUSDT	+0.0050%	8h	1,628.1	+0.377%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,622.3	+0.023%	$22.9M	$17.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,622.5	+0.034%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,621.9	−0.003%	$373K	$71K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,622.8	+0.052%	$2.6M	$762K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622	+0.002%	$2K	$137K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,621.7	−0.015%	—	—	10x	as long as short
Entropy io:OAI	+0.0111%	1h	1,668.3	+2.857%	$7.4M	$2.1M	6x	as long as short