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Funding arb · Price arb /

OPENAI

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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 01:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.251%
Price spread now: Coinbase International against Lighter RH−3.004%7-day average −4.268% · you buy dearer than you sell
Net, funding: paid 7d − costs+$11as in the Funding arb table
Net, price: spread back to 7d avg − costs+$69as in the Price arb table
costs, in and out, $10k−$570.573% of the position
Long on Lighter RHShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days+0.687%+$69 on $10k
Price spread, last 3 days (all we have)−1.848%−$185 · spread now −3.004%, 7d avg −4.268%
Together, before fees−1.161%+ Points / potential airdropLighter RH: Points live · farm board−$116 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: Coinbase International is 1.264% dearer against Lighter RH than usual: you sell high and buy low, +$126 on $10k if it goes back to its 7-day average of −4.268%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH OPENAI1,681.10.0032pay 0.0004% / 1h58m 41s$2.7M$6.1M5x
ShortCoinbase International OPENAI-PERP-INTX1,630.60.0024get 0.0003% / 1h58m 41s$226K$150K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
−$1.68
Price spread: −3.004% → −4.268%
$126.42
Slippage, 4 orders
−$47.26
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$67.48
Costs to cover
0.573%
Break-even
from the start
Slippage from Lighter RH: live order book, 5 min ago; Coinbase International: live order book, 9 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 Lighter RH live order book, 5 min ago0.18 bp5.5 bp −$565.4 bp −$654doesn't fitdoesn't fit
Sell Coinbase International live order book, 9 min ago5.96 bp13.0 bp −$1349.1 bp −$491doesn'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
QFEX OPENAI-USD−0.0004%1h1,628.2−3.147%$1.2M$422K10xas long as short
Lighter OPENAI0.0000%1h1,714.1+1.962%$1.4M$280K5xas long as short
Bybit OPENAIUSDT0.0000%8h1,669.7−0.679%$767K$205K25xas long as short
OKX OPENAI-USDT-SWAP0.0000%8h1,656.2−1.484%$5.1M$1.3M20xas long as short
Gate OPENAI_USDT0.0000%8h1,624.2−3.386%$52.6M$31.7M50xas long as short
Bitget OPENAIUSDT0.0000%8h1,628.8−3.115%$5.5M$5.1M20xas long as short
SunX OPENAI-USDT0.0000%8h1,628.7−3.119%—$2.5M10xas long as short
Deribit OPENAI_USDC-PERPETUAL0.0000%1h1,629.7−3.058%—$35xas long as short
HTX OPENAI-USDT0.0000%8h1,629.6−3.069%$79K$214K20xas long as short
Phemex OPENAIUSDT0.0000%8h1,627.8−3.173%$1.6M$562K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International OPENAI-PERP-INTXshort+0.0024%1h1,630.6−3.004%$226K$150K5x
BloFin OPENAI-USDT+0.0030%8h1,628.6−3.125%$475K$279K20xas long as short
Lighter RH OPENAIlong+0.0032%1h1,681.1long leg$2.7M$6.1M5x
Extended OPENAI-USD+0.0048%1h1,627.8−3.171%$132K$716K10xas long as short
Aster OPENAIUSDT+0.0050%8h1,635.5−2.712%$213K$3K20xas long as short
Binance OPENAIUSDT+0.0050%8h1,628.2−3.147%$23.1M$18.9M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,628.3−3.145%$13.1M$3.2M50xas long as short
KuCoin OPENAIUSDTM+0.0050%8h1,631.6−2.947%$377K$67K20xas long as short
Variational Omni OPENAI+0.0050%8h1,628.8−3.111%$2.6M$757K—as long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,628.9−3.110%$2K$138K10xas long as short
Aevo OPENAI-PERP+0.0104%1h1,628.2−3.149%——10xas long as short
Entropy io:OAI+0.0191%1h1,673.5−0.454%$7.4M$2.2M6xas long as short