Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Bitget against Lighter RH−3.302%7-day average −5.753% · you buy dearer than you sell

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

Long on Lighter RH Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 7 days−3.541%−$354 · spread now −3.302%, 7d avg −5.753%

Together, before fees−3.608%+ Points / potential airdropLighter RH: Points live · farm board−$361 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 2.451% dearer against Lighter RH than usual: you sell high and buy low (spread −3.302% now, against its 7-day average of −5.753%): +$245 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH OPENAI	1,681	0.0032	pay 0.0004% / 1h	36m 07s	$2.7M	$6.2M	5x
Short	Bitget OPENAIUSDT	1,625.5	0	get 0.0000% / 8h	4h 36m	$5.5M	$5.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Lighter RH. 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 Lighter RHbpFee BitgetbpOrdersPrice spread, now −3.302%Rate

Funding earned: −$6.72
Price spread: −3.302% → −5.753%: $245.13
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: $226.41
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Lighter RH: live order book, 2 min ago; Bitget: live order book, 2 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 Lighter RH live order book, 2 min ago	2.23 bp	6.7 bp −$7	65.3 bp −$653	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	1.14 bp	doesn't fit	doesn't fit	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	−3.287%	$226K	$160K	5x	as long as short
QFEX OPENAI-USD	−0.0004%	1h	1,625.6	−3.297%	$1.2M	$537K	10x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,664	−1.010%	$757K	$207K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,652.2	−1.713%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,621.8	−3.522%	$52.5M	$28.1M	50x	as long as short
Bitget OPENAIUSDTshort	0.0000%	8h	1,625.5	−3.302%	$5.5M	$5.0M	20x
SunX OPENAI-USDT	0.0000%	8h	1,625.8	−3.283%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,624.5	−3.360%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,624.1	−3.385%	$79K	$219K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,624.5	−3.361%	$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 OPENAI	+0.0008%	1h	1,713.7	+1.944%	$1.4M	$266K	5x	as long as short
Lighter RH OPENAIlong	+0.0032%	1h	1,681	long leg	$2.7M	$6.2M	5x
Extended OPENAI-USD	+0.0048%	1h	1,625.1	−3.326%	$144K	$736K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,631.4	−2.950%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,625.4	−3.306%	$22.9M	$17.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,624.8	−3.344%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,624.4	−3.364%	$376K	$70K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,624.4	−3.368%	$2.6M	$766K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622.8	−3.463%	$2K	$147K	10x	as long as short
BloFin OPENAI-USDT	+0.0080%	8h	1,625.8	−3.284%	$474K	$283K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,624.9	−3.336%	—	—	10x	as long as short
Entropy io:OAI	+0.0244%	1h	1,671.7	−0.553%	$7.6M	$2.3M	6x	as long as short