Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Lighter against SunX+5.249%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 5.249% dearer against SunX than usual: you sell high and buy low, +$525 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX OPENAI-USDT	1,623.5	0	get 0.0000% / 8h	5h 12m	—	$2.4M	10x
Short	Lighter OPENAI	1,708.7	0	get 0.0000% / 1h	12m 34s	$1.4M	$269K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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 SunXbpFee LighterbpOrdersPrice spread, now +5.249%Rate

Funding earned: $0
Price spread: +5.249% → 0.000%: $524.85
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $516.85
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 4 min ago; Lighter: live order book, 4 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 SunX live order book, 4 min ago	500.31 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	1.40 bp	21.1 bp −$21	104.2 bp −$1,042	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
Coinbase International OPENAI-PERP-INTX	−0.0104%	1h	1,625.2	+0.105%	$225K	$160K	5x	as long as short
Lighter OPENAIshort	0.0000%	1h	1,708.7	+5.249%	$1.4M	$269K	5x
Bybit OPENAIUSDT	0.0000%	8h	1,664	+2.493%	$758K	$206K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,651	+1.694%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,619.8	−0.229%	$52.4M	$28.8M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,623.9	+0.026%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDTlong	0.0000%	8h	1,623.5	long leg	—	$2.4M	10x
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,622.1	−0.084%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,623.8	+0.015%	$79K	$216K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,623.2	−0.021%	$1.6M	$545K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX OPENAI-USD	0.0000%	1h	1,623.3	−0.015%	$1.2M	$487K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,675.8	+3.219%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,623.1	−0.022%	$141K	$737K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,628.5	+0.310%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,623.6	+0.004%	$22.9M	$17.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,623.2	−0.018%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,624.6	+0.066%	$374K	$70K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,623.2	−0.020%	$2.6M	$759K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622.8	−0.044%	$2K	$142K	10x	as long as short
BloFin OPENAI-USDT	+0.0066%	8h	1,624.1	+0.038%	$478K	$277K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,622.5	−0.061%	—	—	10x	as long as short
Entropy io:OAI	+0.0148%	1h	1,667.2	+2.692%	$7.4M	$2.1M	6x	as long as short