Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: SunX against Lighter RH−3.607%7-day average −4.627% · you buy dearer than you sell

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

Long on Lighter RH Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 4 days (all we have)−2.317%−$232 · spread now −3.607%, 7d avg −4.627%

Together, before fees−2.384%+ Points / potential airdropLighter RH: Points live · farm board−$238 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 1.020% dearer against Lighter RH than usual: you sell high and buy low (spread −3.607% now, against its 7-day average of −4.627%): +$102 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH OPENAI	1,679.3	0.0032	pay 0.0004% / 1h	23m 26s	$2.7M	$6.1M	5x
Short	SunX OPENAI-USDT	1,618.7	0	get 0.0000% / 8h	1h 23m	—	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −3.607%Rate

Funding earned: −$6.72
Price spread: −3.607% → −4.627%: $102.02
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: $87.3
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Lighter RH: live order book, 5 min ago; SunX: live order book, 3 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 RH live order book, 5 min ago	2.00 bp	9.3 bp −$9	48.2 bp −$482	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	500.25 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	1,616.6	−3.733%	$1.2M	$613K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,712.4	+1.975%	$1.4M	$264K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,658.9	−1.212%	$752K	$204K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,648.8	−1.814%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,613.6	−3.908%	$52.3M	$18.1M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,618.9	−3.596%	$5.4M	$4.6M	20x	as long as short
SunX OPENAI-USDTshort	0.0000%	8h	1,618.7	−3.607%	—	$2.4M	10x
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,617	−3.710%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,618.1	−3.644%	$79K	$228K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,616.8	−3.722%	$1.6M	$508K	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	1,679.3	long leg	$2.7M	$6.1M	5x
Coinbase International OPENAI-PERP-INTX	+0.0040%	1h	1,625	−3.229%	$226K	$162K	5x	as long as short
BloFin OPENAI-USDT	+0.0046%	8h	1,617.7	−3.665%	$473K	$289K	20x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,616.5	−3.740%	$144K	$581K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,621.2	−3.457%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,616.9	−3.716%	$22.8M	$16.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,617.2	−3.699%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,620.4	−3.503%	$372K	$68K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,617.2	−3.696%	$2.6M	$757K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,618.4	−3.627%	$2K	$178K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,616.9	−3.714%	—	—	10x	as long as short
Entropy io:OAI	+0.0149%	1h	1,670.4	−0.528%	$7.7M	$2.3M	6x	as long as short