OPENAI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h +0.013%

Price spread now: Extended against Lighter−5.250%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$663as in the Price arb table

costs, in and out, $10k−$1381.379% of the position

Long on Lighter Short on Extended

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 airdropLighter: Season 3 · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 5.250% cheaper against Lighter than usual: you would sell low and buy high (spread −5.250% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$525 on $10k: about 12 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter OPENAI	1,706.3	0	get 0.0000% / 1h	34m 33s	$1.4M	$268K	5x
Short	Extended OPENAI-USD	1,616.7	0.0048	get 0.0006% / 1h	34m 33s	$142K	$808K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Lighter. 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 LighterbpFee ExtendedbpOrdersPrice spread, now −5.250%Rate

Funding earned: $10.08
Price spread: −5.250% → 0.000%: −$524.99
Slippage, 4 orders: −$132.93
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$652.84
Costs to cover: 1.379%
Break-even: 460.4 days

Slippage from Lighter: live order book, 7 min ago; Extended: live order book, 3 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 Lighter live order book, 7 min ago	0.12 bp	49.9 bp −$50	499.0 bp −$4,990	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	4.03 bp	37.1 bp −$37	277.6 bp −$2,776	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	−5.252%	$1.2M	$617K	10x	as long as short
Lighter OPENAIlong	0.0000%	1h	1,706.3	long leg	$1.4M	$268K	5x
Bybit OPENAIUSDT	0.0000%	8h	1,657.3	−2.873%	$738K	$263K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,647.4	−3.454%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,615.3	−5.332%	$45.3M	$13.8M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,618.3	−5.159%	$5.4M	$4.4M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,619.3	−5.100%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,617.6	−5.201%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,617	−5.235%	$79K	$224K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,617.4	−5.211%	$1.6M	$508K	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	1,671.1	−2.062%	$2.7M	$6.1M	5x	as long as short
Extended OPENAI-USDshort	+0.0048%	1h	1,616.7	−5.250%	$142K	$808K	10x
Aster OPENAIUSDT	+0.0050%	8h	1,619.3	−5.098%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,617.1	−5.232%	$22.8M	$16.8M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,617.7	−5.194%	$6.6M	$5.0M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,619.8	−5.069%	$375K	$67K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,617.5	−5.205%	$2.6M	$758K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,616.6	−5.258%	$2K	$181K	10x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.0072%	1h	1,619.5	−5.086%	$226K	$166K	5x	as long as short
BloFin OPENAI-USDT	+0.0075%	8h	1,617.3	−5.216%	$474K	$296K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,617.6	−5.201%	—	—	10x	as long as short
Entropy io:OAI	+0.0124%	1h	1,665.9	−2.369%	$7.6M	$2.3M	6x	as long as short