Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.014%

Price spread now: GRVT against Lighter−5.479%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

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

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

Funding pays, the price is against you. GRVT is 5.479% cheaper against Lighter than usual: you would sell low and buy high (spread −5.479% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$548 on $10k: about 12 months of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter OPENAI	1,713	0	get 0.0000% / 1h	55m 24s	$1.4M	$264K	5x
Short	GRVT OPENAI_USDT_Perp	1,619.2	0.0050	get 0.0050% / 8h	1h 55m	$2K	$173K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Lighter. 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 LighterbpFee GRVTbpOrdersPrice spread, now −5.479%Rate

Funding earned: $10.5
Price spread: −5.479% → 0.000%: −$547.89
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$546.39
Costs to cover: 0.090%
Break-even: 371.3 days

Slippage unknown: Lighter: live order book, 1 min ago; GRVT: live order book, 47 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, 1 min ago	1.49 bp	37.5 bp −$38	477.4 bp −$4,774	doesn't fit	doesn't fit
Sell GRVT live order book, 47 min ago	2.63 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
QFEX OPENAI-USD	−0.0002%	1h	1,618.9	−5.495%	$1.2M	$611K	10x	as long as short
Lighter OPENAIlong	0.0000%	1h	1,713	long leg	$1.4M	$264K	5x
Bybit OPENAIUSDT	0.0000%	8h	1,661.5	−3.009%	$754K	$205K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,649.5	−3.708%	$5.1M	$1.4M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,616.1	−5.660%	$52.3M	$18.0M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,620.3	−5.410%	$5.4M	$4.7M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,620.3	−5.412%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,619.1	−5.482%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,620	−5.430%	$79K	$226K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,619.4	−5.468%	$1.6M	$517K	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	1,679.3	−1.971%	$2.7M	$6.0M	5x	as long as short
BloFin OPENAI-USDT	+0.0034%	8h	1,620	−5.430%	$472K	$291K	20x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.0040%	1h	1,625	−5.135%	$226K	$163K	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,618.9	−5.495%	$141K	$895K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,622.2	−5.303%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,619.3	−5.471%	$22.8M	$17.4M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,619.4	−5.466%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,620.5	−5.401%	$372K	$71K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,619	−5.488%	$2.6M	$757K	—	as long as short
GRVT OPENAI_USDT_Perpshort	+0.0050%	8h	1,619.2	−5.479%	$2K	$173K	10x
Aevo OPENAI-PERP	+0.0104%	1h	1,618.9	−5.493%	—	—	10x	as long as short
Entropy io:OAI	+0.0138%	1h	1,670.2	−2.499%	$7.7M	$2.3M	6x	as long as short