OPENAI

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.009%

Price spread now: Lighter against Lighter RH+1.570%7-day average +1.346% · you sell dearer than you buy

Net, funding: paid 7d − costs−$293as in the Funding arb table

Net, price: spread back to 7d avg − costs−$265as in the Price arb table

costs, in and out, $10k−$2872.869% of the position

Long on Lighter RH Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 7 days−1.005%−$100 · spread now +1.570%, 7d avg +1.346%

Together, before fees−1.070%+ Points / potential airdropLighter RH: Points live · Lighter: Season 3 · farm board−$107 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.224% dearer against Lighter RH than usual: you sell high and buy low (spread +1.570% now, against its 7-day average of +1.346%): +$22 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 23 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH OPENAI	1,674.7	0.0032	pay 0.0004% / 1h	19m 16s	$2.6M	$6.2M	5x
Short	Lighter OPENAI	1,701	0	get 0.0000% / 1h	19m 16s	$1.4M	$280K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +1.570%Rate

Funding earned: −$6.72
Price spread: +1.570% → +1.346%: $22.36
Slippage, 4 orders: −$286.95
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$271.31
Costs to cover: 2.869%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; Lighter: live order book, 2 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 RH live order book, 4 min ago	0.24 bp	5.8 bp −$6	48.7 bp −$487	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	55.69 bp	59.7 bp −$60	88.1 bp −$881	doesn't fit	doesn't fit

OPENAI on 21 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	−0.0004%	1h	1,621.3	−3.189%	$1.2M	$422K	10x	as long as short
Lighter OPENAIshort	0.0000%	1h	1,701	+1.570%	$1.4M	$280K	5x
Bybit OPENAIUSDT	0.0000%	8h	1,666.2	−0.505%	$764K	$205K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,654.6	−1.198%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,618.2	−3.370%	$52.3M	$31.9M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,623.6	−3.048%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,623.2	−3.073%	—	$2.5M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,621.9	−3.152%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,621.9	−3.153%	$79K	$216K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,621.2	−3.192%	$1.6M	$557K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International OPENAI-PERP-INTX	+0.0024%	1h	1,624	−3.025%	$222K	$158K	5x	as long as short
Lighter RH OPENAIlong	+0.0032%	1h	1,674.7	long leg	$2.6M	$6.2M	5x
Extended OPENAI-USD	+0.0048%	1h	1,620.9	−3.213%	$131K	$722K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,627.4	−2.825%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,621.5	−3.176%	$22.9M	$18.7M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,621.3	−3.189%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,624.5	−2.996%	$376K	$67K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,621.1	−3.202%	$2.6M	$759K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,623	−3.086%	$2K	$138K	10x	as long as short
Entropy io:OAI	+0.0091%	1h	1,667.9	−0.404%	$7.4M	$2.2M	6x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,621	−3.204%	—	—	10x	as long as short