OPENAI

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.8153%/8h= +892.7% APRnext payment +$10.19 per $10,000 · paid last 24h +0.097%

Price spread now: Deribit against Lighter RH−2.775%7-day average — · you buy dearer than you sell

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

Long on Lighter RH Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

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

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

Funding pays, the price is against you. Deribit is 2.775% cheaper against Lighter RH than usual: you would sell low and buy high (spread −2.775% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$278 on $10k: about 27 hours of funding at the current rate (+$245 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH OPENAI	1,705.4	0.0032	pay 0.0004% / 1h	55m 31s	$2.8M	$6.3M	5x
Short	Deribit OPENAI_USDC-PERPETUAL	1,658	0.8185	get 0.1023% / 1h	55m 31s	$3K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −2.775%Rate

Funding earned: $1,712.09
Price spread: −2.775% → 0.000%: −$277.54
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $1,427.55
Costs to cover: 0.070%
Break-even: 1.2 days

Slippage unknown: Lighter RH: live order book, 1 min ago; Deribit: no order-book sample. 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, 1 min ago	4.27 bp	6.5 bp −$7	51.1 bp −$511	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

OPENAI on 22 exchanges

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	−0.0001%	1h	1,660.3	−2.644%	$1.2M	$695K	10x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,691.2	−0.829%	$720K	$316K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,684.5	−1.223%	$5.2M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,656.6	−2.859%	$51.0M	$17.2M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,660.3	−2.642%	$5.7M	$3.6M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,657.2	−2.823%	—	$1.6M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,650.5	−3.216%	$80K	$173K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,658.3	−2.760%	$1.7M	$508K	10x	as long as short
Lighter RH OPENAIlong	+0.0032%	1h	1,705.4	long leg	$2.8M	$6.3M	5x
Extended OPENAI-USD	+0.0048%	1h	1,659.7	−2.678%	$144K	$806K	10x	as long as short

Show all 22 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster OPENAIUSDT	+0.0050%	8h	1,660.3	−2.641%	$216K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,660.3	−2.644%	$23.5M	$18.3M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,659.9	−2.663%	$6.7M	$2.5M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,666.7	−2.269%	$389K	$307K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,659.8	−2.669%	$2.6M	$773K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,654.3	−2.991%	$2K	$173K	10x	as long as short
Lighter OPENAI	+0.0064%	1h	1,739.2	+1.986%	$1.5M	$264K	5x	as long as short
BloFin OPENAI-USDT	+0.0078%	8h	1,657.7	−2.795%	$491K	$332K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,659	−2.719%	—	—	10x	as long as short
Entropy io:OAI	+0.0815%	1h	1,691.6	−0.806%	$7.9M	$2.6M	6x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.1008%	1h	1,657.9	−2.784%	$233K	$179K	5x	as long as short
Deribit OPENAI_USDC-PERPETUALshort	+0.8185%	1h	1,658	−2.775%	$3K	$3K	5x