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Funding arb · Price arb /

OPENAI

RWAall OPENAI markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Lighter against Gate+6.049%7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs+$506as in the Price arb table
costs, in and out, $10k−$980.984% of the position
Long on GateShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days+0.003%$0 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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 6.049% dearer against Gate than usual: you sell high and buy low, +$605 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate OPENAI_USDT1,6150get 0.0000% / 8h1h 32m$52.3M$18.1M50x
ShortLighter OPENAI1,712.60get 0.0000% / 1h32m 16s$1.4M$264K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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: +6.049% → 0.000%
$604.91
Slippage, 4 orders
−$83.44
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Lighter: 0 bp × 2 orders
$0
Net
$506.47
Costs to cover
0.984%
Break-even
from the start
Slippage from Gate: live order book, 2 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 Gate live order book, 2 min ago2.38 bp12.6 bp −$13377.6 bp −$3,776doesn't fitdoesn't fit
Sell Lighter live order book, 4 min ago0.93 bp24.9 bp −$25109.3 bp −$1,093doesn'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−0.0002%1h1,617.6+0.162%$1.2M$625K10xas long as short
Lighter OPENAIshort0.0000%1h1,712.6+6.049%$1.4M$264K5x
Bybit OPENAIUSDT0.0000%8h1,658.1+2.671%$752K$204K25xas long as short
OKX OPENAI-USDT-SWAP0.0000%8h1,648.4+2.071%$5.1M$1.3M20xas long as short
Gate OPENAI_USDTlong0.0000%8h1,615long leg$52.3M$18.1M50x
Bitget OPENAIUSDT0.0000%8h1,620.4+0.337%$5.4M$4.6M20xas long as short
SunX OPENAI-USDT0.0000%8h1,618.8+0.238%—$2.4M10xas long as short
Deribit OPENAI_USDC-PERPETUAL0.0000%1h1,618.2+0.204%—$35xas long as short
HTX OPENAI-USDT0.0000%8h1,619.4+0.274%$79K$228K20xas long as short
Phemex OPENAIUSDT0.0000%8h1,617.6+0.164%$1.6M$510K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH OPENAI+0.0032%1h1,679.9+4.022%$2.7M$6.0M5xas long as short
Coinbase International OPENAI-PERP-INTX+0.0040%1h1,625+0.625%$226K$162K5xas long as short
BloFin OPENAI-USDT+0.0046%8h1,617.4+0.149%$473K$289K20xas long as short
Extended OPENAI-USD+0.0048%1h1,617.7+0.171%$144K$581K10xas long as short
Aster OPENAIUSDT+0.0050%8h1,622.3+0.455%$211K$3K20xas long as short
Binance OPENAIUSDT+0.0050%8h1,618.1+0.195%$22.8M$16.9M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,618.4+0.212%$13.0M$3.2M50xas long as short
KuCoin OPENAIUSDTM+0.0050%8h1,620.3+0.329%$372K$68K20xas long as short
Variational Omni OPENAI+0.0050%8h1,617.6+0.161%$2.6M$757K—as long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,617.5+0.158%$2K$176K10xas long as short
Aevo OPENAI-PERP+0.0104%1h1,617.8+0.179%——10xas long as short
Entropy io:OAI+0.0143%1h1,670+3.409%$7.7M$2.3M6xas long as short