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Funding arb · Price arb /

OPENAI

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Gate against Lighter−4.811%7-day average −7.199% · you buy dearer than you sell
Net, funding: paid 7d − costs−$352as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$3523.520% of the position
Long on LighterShort on Gate
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−2.717%−$272 · spread now −4.811%, 7d avg −7.199%
Together, before fees−2.719%+ Points / potential airdropLighter: Season 3 · farm board−$272 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 2.388% dearer against Lighter than usual: you sell high and buy low, +$239 on $10k if it goes back to its 7-day average of −7.199%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter OPENAI1,701.70get 0.0000% / 1h47m 10s$1.4M$286K5x
ShortGate OPENAI_USDT1,619.90get 0.0000% / 8h47m 10s$52.6M$39.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
$0
Price spread: −4.811% → −7.199%
$238.79
Slippage, 4 orders
−$336.99
Fee Lighter: 0 bp × 2 orders
$0
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$113.2
Costs to cover
3.520%
Break-even
never at this rate
Slippage from Lighter: live order book, 4 min ago; Gate: live order book, 2 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 Lighter live order book, 4 min ago2.52 bp112.5 bp −$113927.2 bp −$9,272doesn't fitdoesn't fit
Sell Gate live order book, 2 min ago3.61 bp19.3 bp −$19603.5 bp −$6,035doesn'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
Coinbase International OPENAI-PERP-INTX−0.0168%1h1,625.4−4.488%$236K$143K5xas long as short
QFEX OPENAI-USD−0.0010%1h1,623.3−4.612%$1.2M$387K10xas long as short
Lighter OPENAIlong0.0000%1h1,701.7long leg$1.4M$286K5x
Bybit OPENAIUSDT0.0000%8h1,668.8−1.937%$764K$223K25xas long as short
OKX OPENAI-USDT-SWAP0.0000%8h1,653.9−2.811%$5.1M$1.4M20xas long as short
Gate OPENAI_USDTshort0.0000%8h1,619.9−4.811%$52.6M$39.4M50x
Bitget OPENAIUSDT0.0000%8h1,623.3−4.612%$5.5M$5.1M20xas long as short
SunX OPENAI-USDT0.0000%8h1,622.8−4.639%—$2.6M10xas long as short
Deribit OPENAI_USDC-PERPETUAL0.0000%1h1,623.5−4.597%—$35xas long as short
HTX OPENAI-USDT0.0000%8h1,623.3−4.611%$79K$213K20xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex OPENAIUSDT0.0000%8h1,622.2−4.672%$1.6M$561K10xas long as short
BloFin OPENAI-USDT+0.0028%8h1,623−4.627%$471K$275K20xas long as short
Lighter RH OPENAI+0.0032%1h1,674.4−1.610%$2.6M$6.2M5xas long as short
Extended OPENAI-USD+0.0048%1h1,623−4.626%$131K$667K10xas long as short
Aster OPENAIUSDT+0.0050%8h1,628.2−4.324%$212K$3K20xas long as short
Binance OPENAIUSDT+0.0050%8h1,623.2−4.615%$23.1M$18.9M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,622.8−4.642%$13.0M$3.1M50xas long as short
KuCoin OPENAIUSDTM+0.0050%8h1,627.7−4.350%$376K$64K20xas long as short
Variational Omni OPENAI+0.0050%8h1,622.3−4.665%$2.6M$753K—as long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,621.3−4.727%$2K$142K10xas long as short
Aevo OPENAI-PERP+0.0104%1h1,623.1−4.620%——10xas long as short
Entropy io:OAI+0.0213%1h1,663.9−2.224%$7.3M$2.2M6xas long as short