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Funding arb · Price arb /

OPENAI

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter RH against SunX+3.147%7-day average +4.714% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on SunXShort on Lighter RH
What this pair did over the last
the charts below follow
Funding, last 7 days+0.067%+$7 on $10k
Price spread, last 3 days (all we have)+2.802%+$280 · spread now +3.147%, 7d avg +4.714%
Together, before fees+2.869%+ Points / potential airdropLighter RH: Points live · farm board+$287 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 1.567% cheaper against SunX than usual: you would sell low and buy high (spread +3.147% now, against its 7-day average of +4.714%). If the spread goes back, that is −$157 on $10k: about 5 months of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX OPENAI-USDT1,623.90get 0.0000% / 8h5h 55m—$2.4M10x
ShortLighter RH OPENAI1,6750.0032get 0.0004% / 1h55m 51s$2.7M$6.1M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH 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

Funding earned
$6.72
Price spread: +3.147% → +4.714%
−$156.68
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$157.96
Costs to cover
0.080%
Break-even
171.5 days
Slippage unknown: SunX: live order book, 11 min ago; Lighter RH: 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 11 min ago500.32 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Lighter RH live order book, 3 min ago1.55 bp5.6 bp −$6135.2 bp −$1,352561.5 bp −$56.2Kdoesn't fit

OPENAI on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International OPENAI-PERP-INTX−0.0104%1h1,623.3−0.039%$224K$158K5xas long as short
Lighter OPENAI0.0000%1h1,708.1+5.186%$1.4M$268K5xas long as short
Bybit OPENAIUSDT0.0000%8h1,666.2+2.606%$764K$203K25xas long as short
OKX OPENAI-USDT-SWAP0.0000%8h1,650.5+1.638%$5.1M$1.3M20xas long as short
Gate OPENAI_USDT0.0000%8h1,620.3−0.224%$52.4M$28.7M50xas long as short
Bitget OPENAIUSDT0.0000%8h1,624.5+0.039%$5.5M$5.1M20xas long as short
SunX OPENAI-USDTlong0.0000%8h1,623.9long leg—$2.4M10x
Deribit OPENAI_USDC-PERPETUAL0.0000%1h1,624.1+0.012%—$35xas long as short
HTX OPENAI-USDT0.0000%8h1,623.8−0.006%$79K$216K20xas long as short
Phemex OPENAIUSDT0.0000%8h1,622.7−0.075%$1.6M$547K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX OPENAI-USD0.0000%1h1,622.5−0.089%$1.2M$434K10xas long as short
Lighter RH OPENAIshort+0.0032%1h1,675+3.147%$2.7M$6.1M5x
Extended OPENAI-USD+0.0048%1h1,622.1−0.114%$131K$720K10xas long as short
Aster OPENAIUSDT+0.0050%8h1,628.6+0.289%$212K$3K20xas long as short
Binance OPENAIUSDT+0.0050%8h1,623−0.057%$22.9M$17.9M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,623.3−0.038%$13.0M$3.2M50xas long as short
KuCoin OPENAIUSDTM+0.0050%8h1,621.9−0.123%$373K$71K20xas long as short
Variational Omni OPENAI+0.0050%8h1,623.1−0.050%$2.6M$752K—as long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,622−0.117%$2K$137K10xas long as short
Aevo OPENAI-PERP+0.0104%1h1,622.2−0.103%——10xas long as short
Entropy io:OAI+0.0104%1h1,668.2+2.728%$7.4M$2.1M6xas long as short