Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.014%

Price spread now: Lighter against Variational Omni+5.691%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 5.691% dearer against Variational Omni than usual: you sell high and buy low (spread +5.691% now, against zero (this spread has no 7-day history yet)): +$569 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 13 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni OPENAI	1,616.2	0.0050	pay 0.0050% / 8h	2h 13m	$2.6M	$757K	—
Short	Lighter OPENAI	1,708.2	0	get 0.0000% / 1h	13m 22s	$1.4M	$264K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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 Variational OmnibpFee LighterbpOrdersPrice spread, now +5.691%Rate

Funding earned: −$10.5
Price spread: +5.691% → 0.000%: $569.11
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $558.61
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Lighter: 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 Variational Omni RFQ quote, 1 min ago	3.46 bp	doesn't fit	61.5 bp −$615	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	1.52 bp	24.3 bp −$24	109.2 bp −$1,092	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	−0.0005%	1h	1,616.7	+0.029%	$1.2M	$603K	10x	as long as short
Lighter OPENAIshort	0.0000%	1h	1,708.2	+5.691%	$1.4M	$264K	5x
Bybit OPENAIUSDT	0.0000%	8h	1,658	+2.583%	$752K	$205K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,644.9	+1.774%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,613.7	−0.159%	$52.3M	$19.7M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,618.8	+0.160%	$5.4M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,617.9	+0.103%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,616.9	+0.039%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,617.1	+0.053%	$79K	$225K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,617	+0.050%	$1.6M	$521K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International OPENAI-PERP-INTX	+0.0016%	1h	1,620.9	+0.290%	$226K	$161K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,675.4	+3.660%	$2.6M	$6.2M	5x	as long as short
BloFin OPENAI-USDT	+0.0035%	8h	1,617.1	+0.053%	$472K	$289K	20x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,616.4	+0.013%	$141K	$896K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,620.9	+0.286%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,616.9	+0.040%	$22.8M	$17.3M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,617	+0.048%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,617.4	+0.072%	$372K	$70K	20x	as long as short
Variational Omni OPENAIlong	+0.0050%	8h	1,616.2	long leg	$2.6M	$757K	—
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,616.1	−0.006%	$2K	$170K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,616.5	+0.015%	—	—	10x	as long as short
Entropy io:OAI	+0.0126%	1h	1,665.3	+3.036%	$7.6M	$2.3M	6x	as long as short