OPENAI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0254%/8h= +27.8% APRnext payment +$0.32 per $10,000 · paid last 24h +0.071%

Price spread now: Entropy against Lighter−2.171%7-day average −1.828% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 7 days+0.609%+$61 on $10k

Price spread, last 7 days+1.262%+$126 · spread now −2.171%, 7d avg −1.828%

Together, before fees+1.870%+ Points / potential airdropLighter: Season 3 · farm board+$187 on $10k · with fees, hour by hour

Funding pays, the price is against you. Entropy is 0.343% cheaper against Lighter than usual: you would sell low and buy high (spread −2.171% now, against its 7-day average of −1.828%). If the spread goes back, that is −$34 on $10k: about 4.5 days of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter OPENAI	1,709	0	get 0.0000% / 1h	21m 21s	$1.4M	$287K	5x
Short	Entropy io:OAI	1,671.9	0.0254	get 0.0032% / 1h	21m 21s	$7.4M	$2.2M	6x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 LighterbpFee EntropybpOrdersPrice spread, now −2.171%Rate

Funding earned: $53.26
Price spread: −2.171% → −1.828%: −$34.32
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Entropy: 9 bp × 2 orders: −$18
Net: $0.94
Costs to cover: 0.180%
Break-even: 6.9 days

Slippage unknown: Lighter: live order book, 5 min ago; Entropy: live order book, 5 min ago. Net counts fees only.

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 Lighter live order book, 5 min ago	1.28 bp	90.9 bp −$91	886.7 bp −$8,867	doesn't fit	doesn't fit
Sell Entropy live order book, 5 min ago	3.59 bp	doesn't fit	doesn't fit	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
Coinbase International OPENAI-PERP-INTX	−0.0168%	1h	1,628.7	−4.699%	$236K	$147K	5x	as long as short
QFEX OPENAI-USD	−0.0010%	1h	1,628.5	−4.712%	$1.2M	$387K	10x	as long as short
Lighter OPENAIlong	0.0000%	1h	1,709	long leg	$1.4M	$287K	5x
Bybit OPENAIUSDT	0.0000%	8h	1,675.6	−1.956%	$771K	$217K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,660.7	−2.826%	$5.1M	$1.4M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,626.6	−4.820%	$52.7M	$39.6M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,630.2	−4.614%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,630.3	−4.605%	—	$2.6M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,629.3	−4.665%	$79K	$213K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,628.7	−4.696%	$1.6M	$558K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH OPENAI	+0.0032%	1h	1,681.7	−1.600%	$2.6M	$6.3M	5x	as long as short
BloFin OPENAI-USDT	+0.0044%	8h	1,628.4	−4.717%	$473K	$278K	20x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,628.2	−4.729%	$131K	$667K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,633.1	−4.441%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,628.5	−4.712%	$23.2M	$18.8M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,629	−4.681%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,630.4	−4.598%	$376K	$63K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,629.4	−4.657%	$2.6M	$751K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,627.7	−4.760%	$2K	$140K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,628.3	−4.723%	—	—	10x	as long as short
Entropy io:OAIshort	+0.0254%	1h	1,671.9	−2.171%	$7.4M	$2.2M	6x
Deribit OPENAI_USDC-PERPETUAL	+0.0351%	1h	1,630.1	−4.619%	—	$3	5x	as long as short