Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.190%

Price spread now: HTX against Lighter−5.742%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$671as in the Price arb table

costs, in and out, $10k−$970.972% of the position

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.191%−$19 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: HTX is 5.742% cheaper against Lighter than usual: you would sell low and buy high, −$574 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter OPENAI	1,713.6	0	get 0.0000% / 1h	17m 50s	$1.4M	$265K	5x
Short	HTX OPENAI-USDT	1,615.2	0	get 0.0000% / 8h	1h 17m	$79K	$234K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −5.742%Rate

Funding earned: $0
Price spread: −5.742% → 0.000%: −$574.17
Slippage, 4 orders: −$85.18
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$671.35
Costs to cover: 0.972%
Break-even: never at this rate

Slippage from Lighter: live order book, 8 min ago; HTX: live order book, 24 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 Lighter live order book, 8 min ago	1.75 bp	30.6 bp −$31	476.0 bp −$4,760	doesn't fit	doesn't fit
Sell HTX live order book, 24 min ago	3.89 bp	29.7 bp −$30	44.1 bp −$441	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	1,622.4	−5.323%	$1.2M	$618K	10x	as long as short
Lighter OPENAIlong	0.0000%	1h	1,713.6	long leg	$1.4M	$265K	5x
Bybit OPENAIUSDT	0.0000%	8h	1,662.1	−3.004%	$754K	$205K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,649.1	−3.764%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,614.9	−5.763%	$44.6M	$18.2M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,623.2	−5.275%	$5.5M	$4.7M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,622.2	−5.334%	—	$2.4M	10x	as long as short
HTX OPENAI-USDTshort	0.0000%	8h	1,615.2	−5.742%	$79K	$234K	20x
Phemex OPENAIUSDT	0.0000%	8h	1,621.1	−5.396%	$1.6M	$510K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,680.2	−1.949%	$2.7M	$6.1M	5x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International OPENAI-PERP-INTX	+0.0040%	1h	1,624.3	−5.210%	$226K	$162K	5x	as long as short
BloFin OPENAI-USDT	+0.0042%	8h	1,621.8	−5.360%	$475K	$293K	20x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,620.6	−5.427%	$144K	$581K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,622.3	−5.327%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,619.2	−5.508%	$22.8M	$17.5M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,620	−5.462%	$8.3M	$4.7M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,623.1	−5.284%	$373K	$69K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,614.1	−5.807%	$2.6M	$757K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,617.7	−5.594%	$2K	$179K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,622	−5.346%	—	—	10x	as long as short
Entropy io:OAI	+0.0149%	1h	1,670.1	−2.539%	$7.7M	$2.3M	6x	as long as short
Deribit OPENAI_USDC-PERPETUAL	+0.0339%	1h	1,622.2	−5.334%	—	$3	5x	as long as short