OPENAI

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.013%

Price spread now: Lighter against Extended+5.118%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs+$371as in the Price arb table

costs, in and out, $10k−$1411.409% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

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

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

The price spread pays, funding is against you. Lighter is 5.118% dearer against Extended than usual: you sell high and buy low (spread +5.118% now, against zero (this spread has no 7-day history yet)): +$512 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended OPENAI-USD	1,628.2	0.0048	pay 0.0006% / 1h	54m 23s	$142K	$808K	10x
Short	Lighter OPENAI	1,711.6	0	get 0.0000% / 1h	54m 23s	$1.4M	$276K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Extended. 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 ExtendedbpFee LighterbpOrdersPrice spread, now +5.118%Rate

Funding earned: −$10.08
Price spread: +5.118% → 0.000%: $511.78
Slippage, 4 orders: −$135.88
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: $360.83
Costs to cover: 1.409%
Break-even: from the start

Slippage from Extended: live order book, 38 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 38 min ago	3.71 bp	42.4 bp −$42	279.5 bp −$2,795	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	2.19 bp	23.3 bp −$23	111.9 bp −$1,119	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	−0.0010%	1h	1,628.1	−0.007%	$1.2M	$646K	10x	as long as short
Lighter OPENAIshort	0.0000%	1h	1,711.6	+5.118%	$1.4M	$276K	5x
Bybit OPENAIUSDT	0.0000%	8h	1,661.3	+2.029%	$729K	$286K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,653.9	+1.576%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,625.8	−0.147%	$47.4M	$11.3M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,629.7	+0.089%	$5.4M	$3.8M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,629.7	+0.090%	—	$2.0M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,628.9	+0.043%	$3K	$3K	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,630.7	+0.148%	$79K	$225K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,628.6	+0.020%	$1.6M	$498K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH OPENAI	+0.0032%	1h	1,677.7	+3.040%	$2.8M	$6.2M	5x	as long as short
Extended OPENAI-USDlong	+0.0048%	1h	1,628.2	long leg	$142K	$808K	10x
Aster OPENAIUSDT	+0.0050%	8h	1,630.3	+0.125%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,628.7	+0.028%	$23.0M	$16.6M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,630.9	+0.162%	$6.7M	$2.4M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,630.4	+0.132%	$376K	$152K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,629.6	+0.084%	$2.6M	$766K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,630.1	+0.117%	$2K	$173K	10x	as long as short
BloFin OPENAI-USDT	+0.0075%	8h	1,628.9	+0.041%	$477K	$311K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,629.2	+0.062%	—	—	10x	as long as short
Entropy io:OAI	+0.0184%	1h	1,669.3	+2.522%	$7.6M	$2.4M	6x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.0720%	1h	1,637.8	+0.587%	$232K	$176K	5x	as long as short