OPENAI

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Ondo PerpsOPENAI-USD.P	1,426.3	+0.0001	0.0000% / 1h	45m 46s	$287K	$57K	3x	Long Ondo Perps5% off
SHORT	LighterOPENAI	1,484.6	+0.0008	get 0.0001% / 1h	45m 46s	$1.4M	$176K	5x	Short Lighter7d free

Price gap+4.090%

Funding gap+0.0007% /8h

Funding is ≈ 0 and the gap is 0.634% under its 7d average: the price leg works against you, −$63 on $10k if it goes back.

If you open now and hold

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

Funding+$7+0.0007% /8h now · paid +0.066% over the last 7D

Price−$63spread +4.090% now, avg +4.724% → −0.634% if it goes back

Costs−$1451.454% of $10k · taker + slippage, in and out

Result−$202−2.02%+ Points / potential airdropOndo Perps: points · Lighter: Season 3 · 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+4.090%

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

OK: Fits both order books8.8 / 1.2 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$3,333 + $2,000
Ondo Perps 3x, Lighter 5x. 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: +$0.22Long Ondo Perps: 24 payments, −$0.02; short Lighter: 24 payments, +$0.24.
Watch: Gap narrower than usual+4.090% vs +4.724%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$287K vs $1.4M OI
Ondo Perps sets your exit cost. Check its book before closing.
OK: Points on a legOndo Perps points · Lighter Season 3
Volume here counts toward the points program.
OK: No KYC on either legOndo Perps No · Lighter 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+0.0031%/8h × 21 periods+$6.56

Price spread+4.090% → +4.724% (7d avg)−$63.39

Slippage, 4 orderslive order books−$140.38

Fee Ondo Perps bp × 2 orders−$5.00

Fee Lighter bp × 2 orders$0.00

Net · 7 days · $10k−$202.20

Costs to cover1.454%Break-even222.7 days

Slippage: Ondo Perps: live order book, 21 min ago; Lighter: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGOndo Perps6.318.8 bp−$981.7 bp−$817doesn’t fitdoesn’t fit

SELL · SHORTLighter0.641.2 bp−$194.4 bp−$944doesn’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 ↗