Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against Gate+3.800%7-day average +5.795% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$254as in the Price arb table

costs, in and out, $10k−$550.548% of the position

Long on Gate Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 7 days+3.221%+$322 · spread now +3.800%, 7d avg +5.795%

Together, before fees+3.288%+ Points / potential airdropLighter RH: Points live · farm board+$329 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 1.995% cheaper against Gate than usual: you would sell low and buy high (spread +3.800% now, against its 7-day average of +5.795%). If the spread goes back, that is −$199 on $10k: about 7 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate OPENAI_USDT	1,615.6	0	get 0.0000% / 8h	1h 02m	$44.9M	$18.7M	50x
Short	Lighter RH OPENAI	1,677	0.0032	get 0.0004% / 1h	2m 23s	$2.6M	$6.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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

Position, each leg$Hold fordaysFee GatebpFee Lighter RHbpOrdersPrice spread, now +3.800%Rate

Funding earned: $6.72
Price spread: +3.800% → +5.795%: −$199.47
Slippage, 4 orders: −$39.77
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$247.52
Costs to cover: 0.548%
Break-even: 264.8 days

Slippage from Gate: live order book, 1 min ago; Lighter RH: live order book, 6 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 Gate live order book, 1 min ago	0.09 bp	21.4 bp −$21	285.0 bp −$2,850	doesn't fit	doesn't fit
Sell Lighter RH live order book, 6 min ago	0.89 bp	7.8 bp −$8	184.0 bp −$1,840	584.4 bp −$58.4K	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
QFEX OPENAI-USD	−0.0002%	1h	1,616.9	+0.083%	$1.2M	$624K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,710.4	+5.867%	$1.4M	$267K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,658.4	+2.647%	$751K	$208K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,647.3	+1.963%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDTlong	0.0000%	8h	1,615.6	long leg	$44.9M	$18.7M	50x
Bitget OPENAIUSDT	0.0000%	8h	1,618.6	+0.184%	$5.4M	$4.7M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,616.4	+0.050%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,615.9	+0.018%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,615.5	−0.006%	$79K	$227K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,617.5	+0.117%	$1.6M	$514K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin OPENAI-USDT	+0.0030%	8h	1,617.4	+0.115%	$473K	$301K	20x	as long as short
Lighter RH OPENAIshort	+0.0032%	1h	1,677	+3.800%	$2.6M	$6.2M	5x
Coinbase International OPENAI-PERP-INTX	+0.0040%	1h	1,618.1	+0.155%	$227K	$163K	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,616.5	+0.055%	$141K	$586K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,619.8	+0.259%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,617	+0.085%	$22.9M	$17.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,617.6	+0.126%	$6.7M	$5.1M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,620.2	+0.285%	$373K	$69K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,614.7	−0.057%	$2.6M	$757K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,615.4	−0.012%	$2K	$180K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,615	−0.034%	—	—	10x	as long as short
Entropy io:OAI	+0.0150%	1h	1,668.8	+3.294%	$7.6M	$2.3M	6x	as long as short