Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h —

Price spread now: Aevo against Lighter RH−3.511%7-day average — · you buy dearer than you sell

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

Long on Lighter RH Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories

Funding pays, the price is against you. Aevo is 3.511% cheaper against Lighter RH than usual: you would sell low and buy high (spread −3.511% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$351 on $10k: about 5 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 RH OPENAI	1,679.2	0.0032	pay 0.0004% / 1h	47m 19s	$2.7M	$6.2M	5x
Short	Aevo OPENAI-PERP	1,620.2	0.0104	get 0.0013% / 1h	47m 19s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Lighter RH. 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 Lighter RHbpFee AevobpOrdersPrice spread, now −3.511%Rate

Funding earned: $15.12
Price spread: −3.511% → 0.000%: −$351.08
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$351.96
Costs to cover: 0.160%
Break-even: 169.9 days

Slippage unknown: Lighter RH: live order book, 1 min ago; Aevo: no order-book sample. 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 RH live order book, 1 min ago	0.86 bp	6.2 bp −$6	67.1 bp −$671	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0001%	1h	1,620.4	−3.499%	$1.2M	$558K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,711.9	+1.949%	$1.4M	$265K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,663.6	−0.928%	$755K	$207K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,650.4	−1.715%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,617.5	−3.674%	$52.3M	$25.3M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,622.4	−3.381%	$5.5M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,622.3	−3.388%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,621.3	−3.450%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,620.7	−3.486%	$79K	$221K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,620	−3.525%	$1.6M	$543K	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 OPENAIlong	+0.0032%	1h	1,679.2	long leg	$2.7M	$6.2M	5x
BloFin OPENAI-USDT	+0.0037%	8h	1,621.3	−3.446%	$473K	$285K	20x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,620	−3.525%	$141K	$737K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,627.3	−3.089%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,620.4	−3.498%	$22.8M	$17.7M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,620.5	−3.493%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,625.3	−3.207%	$375K	$68K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,620.4	−3.501%	$2.6M	$766K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,621	−3.467%	$2K	$155K	10x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.0056%	1h	1,622	−3.405%	$226K	$162K	5x	as long as short
Aevo OPENAI-PERPshort	+0.0104%	1h	1,620.2	−3.511%	—	—	10x
Entropy io:OAI	+0.0144%	1h	1,673.7	−0.327%	$7.7M	$2.3M	6x	as long as short