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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 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Lighter against Bitget+4.828%7-day average +7.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$268as in the Funding arb table
Net, price: spread back to 7d avg − costs−$496as in the Price arb table
costs, in and out, $10k−$2682.683% of the position
Long on BitgetShort 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+2.464%+$246 · spread now +4.828%, 7d avg +7.102%
Together, before fees+2.467%+ Points / potential airdropLighter: Season 3 · farm board+$247 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 2.274% cheaper against Bitget than usual: you would sell low and buy high, −$227 on $10k if it goes back to its 7-day average of +7.102%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget OPENAIUSDT1,626.30get 0.0000% / 8h39m 08s$5.5M$5.1M20x
ShortLighter OPENAI1,704.80get 0.0000% / 1h39m 08s$1.4M$286K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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
$0
Price spread: +4.828% → +7.102%
−$227.44
Slippage, 4 orders
−$256.35
Fee Bitget: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$495.79
Costs to cover
2.683%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; Lighter: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 4 min ago1.85 bp26.3 bp −$2636.4 bp −$364131.6 bp −$13.2Kdoesn't fit
Sell Lighter live order book, 2 min ago1.87 bp102.7 bp −$103141.9 bp −$1,419doesn't fitdoesn't fit

OPENAI on 22 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−0.0168%1h1,627.2+0.058%$236K$145K5xas long as short
QFEX OPENAI-USD−0.0010%1h1,624.5−0.108%$1.2M$387K10xas long as short
Lighter OPENAIshort0.0000%1h1,704.8+4.828%$1.4M$286K5x
Bybit OPENAIUSDT0.0000%8h1,669.6+2.662%$764K$220K25xas long as short
OKX OPENAI-USDT-SWAP0.0000%8h1,654.5+1.736%$5.1M$1.4M20xas long as short
Gate OPENAI_USDT0.0000%8h1,621.7−0.282%$52.7M$39.4M50xas long as short
Bitget OPENAIUSDTlong0.0000%8h1,626.3long leg$5.5M$5.1M20x
SunX OPENAI-USDT0.0000%8h1,625−0.077%—$2.6M10xas long as short
HTX OPENAI-USDT0.0000%8h1,625.7−0.032%$79K$213K20xas long as short
Phemex OPENAIUSDT0.0000%8h1,624.4−0.117%$1.6M$559K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH OPENAI+0.0032%1h1,676.9+3.114%$2.6M$6.3M5xas long as short
Deribit OPENAI_USDC-PERPETUAL+0.0041%1h1,625.7−0.033%—$35xas long as short
Extended OPENAI-USD+0.0048%1h1,624.3−0.122%$131K$667K10xas long as short
Aster OPENAIUSDT+0.0050%8h1,629.6+0.206%$212K$3K20xas long as short
Binance OPENAIUSDT+0.0050%8h1,624.6−0.105%$23.1M$18.8M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,624.6−0.101%$13.0M$3.1M50xas long as short
KuCoin OPENAIUSDTM+0.0050%8h1,627.8+0.095%$376K$63K20xas long as short
Variational Omni OPENAI+0.0050%8h1,624.2−0.127%$2.6M$753K—as long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,623.2−0.188%$2K$141K10xas long as short
BloFin OPENAI-USDT+0.0060%8h1,624.8−0.092%$473K$275K20xas long as short
Aevo OPENAI-PERP+0.0104%1h1,624.5−0.108%——10xas long as short
Entropy io:OAI+0.0252%1h1,666.7+2.487%$7.4M$2.2M6xas long as short