Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h −0.189%

Price spread now: HTX against Lighter−5.161%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$603as in the Price arb table

costs, in and out, $10k−$870.870% of the position

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.191%−$19 on $10k

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 5.161% cheaper against Lighter than usual: you would sell low and buy high, −$516 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter OPENAI	1,713.9	0.0008	pay 0.0001% / 1h	34m 58s	$1.4M	$266K	5x
Short	HTX OPENAI-USDT	1,625.5	0	get 0.0000% / 8h	4h 34m	$79K	$219K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −5.161%Rate

Funding earned: −$1.68
Price spread: −5.161% → 0.000%: −$516.07
Slippage, 4 orders: −$75.03
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$604.79
Costs to cover: 0.870%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; HTX: live order book, 21 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, 6 min ago	0.03 bp	39.7 bp −$40	445.0 bp −$4,450	doesn't fit	doesn't fit
Sell HTX live order book, 21 min ago	3.42 bp	9.4 bp −$9	16.4 bp −$164	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
Coinbase International OPENAI-PERP-INTX	−0.0024%	1h	1,625.7	−5.144%	$226K	$160K	5x	as long as short
QFEX OPENAI-USD	−0.0004%	1h	1,625.2	−5.178%	$1.2M	$537K	10x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,664.3	−2.893%	$756K	$207K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,652.6	−3.577%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,621.6	−5.385%	$52.5M	$28.1M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,625.2	−5.175%	$5.5M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,625	−5.187%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,623.5	−5.275%	—	$3	5x	as long as short
HTX OPENAI-USDTshort	0.0000%	8h	1,625.5	−5.161%	$79K	$219K	20x
Phemex OPENAIUSDT	0.0000%	8h	1,624.3	−5.227%	$1.6M	$546K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter OPENAIlong	+0.0008%	1h	1,713.9	long leg	$1.4M	$266K	5x
Lighter RH OPENAI	+0.0032%	1h	1,681.2	−1.909%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,624.6	−5.210%	$144K	$736K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,630.7	−4.853%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,625	−5.186%	$22.9M	$17.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,625.1	−5.181%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,624.8	−5.197%	$376K	$70K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,624.4	−5.223%	$2.6M	$766K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,624.5	−5.214%	$2K	$148K	10x	as long as short
BloFin OPENAI-USDT	+0.0080%	8h	1,625.6	−5.150%	$474K	$283K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,624.5	−5.214%	—	—	10x	as long as short
Entropy io:OAI	+0.0249%	1h	1,672.2	−2.433%	$7.6M	$2.3M	6x	as long as short