OPENAI

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Lighter RHOPENAI	1,475	+0.0016	pay 0.0002% / 1h	43m 47s	$5.3M	$20.2M	5x	Long Lighter RH+10% pts
SHORT	Ondo PerpsOPENAI-USD.P	1,426.3	+0.0001	0.0000% / 1h	43m 47s	$287K	$52K	3x	Short Ondo Perps5% off

Price gap−3.302%

Funding gap−0.0015% /8h

The gap pays +$33 on $10k if it goes back to its 7d average, but funding costs $0 a day and eats that in about 2 months.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$3−0.0015% /8h now · paid −0.027% over the last 7D

Price+$33spread −3.302% now, avg −3.632% → +0.330% if it goes back

Costs−$1271.267% of $10k · taker + slippage, in and out

Result−$96−0.96%+ Points / potential airdropLighter RH: Points live · Ondo Perps: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−3.302%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

OPENAI on 26 exchanges

lowest funding first

Before you open

4 ok · 2 to watch

Watch: Thin at this size1.5 / 109.6 bp
At $10k entering Ondo Perps costs 109.6 bp, fee and slippage, 74.9× Lighter RH’s.
Note: Margin at max leverage$2,000 + $3,333
Lighter RH 5x, Ondo Perps 3x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$0.46Long Lighter RH: 24 payments, −$0.48; short Ondo Perps: 24 payments, +$0.02.
OK: Entry gap works for you−3.302% vs −3.632%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$287K vs $5.3M OI
Ondo Perps sets your exit cost. Check its book before closing.
OK: Points on a legLighter RH Points live · Ondo Perps points
Volume here counts toward the points program.
OK: No KYC on either legLighter RH No · Ondo Perps No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0013%/8h × 21 periods−$2.66

Price spread−3.302% → −3.632% (7d avg)+$33.01

Slippage, 4 orderslive order books−$121.66

Fee Lighter RH bp × 2 orders$0.00

Fee Ondo Perps bp × 2 orders−$5.00

Net · 7 days · $10k−$96.31

Costs to cover1.267%Break-evennever at this rate

Slippage: Lighter RH: live order book, 4 min ago; Ondo Perps: live order book, 18 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGLighter RH0.881.5 bp−$1466.6 bp−$4,666doesn’t fitdoesn’t fit

SELL · SHORTOndo Perps4.91109.6 bp−$110268.6 bp−$2,686doesn’t fitdoesn’t fit

Closing costs about the same again.

OPENAI news

posts that mention OPENAI or OpenAI, from every exchangeSearch all news →

10-24 19:20	Kalshi	Other	JUST IN: UK partners with OpenAI, Anthropic, and Google to launch AI lab focused on preventing biological threats @Kalshi on X ↗
10-23 22:30	Markets by Kinetiq	Other	OpenAI's pre-IPO price is down 10% this month while Anthropic's is down 7%. China's Moonshot says its Kimi K3.1 Pro matches Claude Opus 5.5 on Terminal-Bench for about a third of the cost. @Markets_xyz on X ↗
10-23 19:45	Kalshi	Other	JUST IN: OpenAI to train frontier models without internet access @Kalshi on X ↗
10-23 12:45	Kalshi	Other	JUST IN: Wall Street urges Anthropic and OpenAI to go public by the year's end @Kalshi on X ↗
10-22 20:22	Kalshi	Other	JUST IN: OpenAI nears $30 billion funding round at $1.25 trillion valuation @Kalshi on X ↗
10-21 18:00	Kalshi	Other	JUST IN: OpenAI to sell its frontier models, including GPT-6 Astra, and Codex through Google Cloud, per Reuters @Kalshi on X ↗