OPENAI

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.005%

Price spread now: Extended against Lighter RH−3.575%7-day average −4.720% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs+$37as in the Price arb table

costs, in and out, $10k−$780.775% of the position

Long on Lighter RH Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)−2.053%−$205 · spread now −3.575%, 7d avg −4.720%

Together, before fees−2.019%+ Points / potential airdropLighter RH: Points live · Extended: Active · farm board−$202 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Extended is 1.145% dearer against Lighter RH than usual: you sell high and buy low: +$114 more if the spread goes back to its 7-day average of −4.720%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH OPENAI	1,673.4	0.0032	pay 0.0004% / 1h	45m 53s	$2.6M	$6.1M	5x
Short	Extended OPENAI-USD	1,613.6	0.0048	get 0.0006% / 1h	45m 53s	$142K	$895K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −3.575%Rate

Funding earned: $3.36
Price spread: −3.575% → −4.720%: $114.47
Slippage, 4 orders: −$72.53
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $40.3
Costs to cover: 0.775%
Break-even: from the start

Slippage from Lighter RH: live order book, 3 min ago; Extended: live order book, 2 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 RH live order book, 3 min ago	1.67 bp	6.0 bp −$6	61.6 bp −$616	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	4.03 bp	33.4 bp −$33	267.5 bp −$2,675	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	1,614	−3.550%	$1.2M	$599K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,706.2	+1.962%	$1.4M	$260K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,658.5	−0.890%	$753K	$205K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,645.6	−1.661%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,610.7	−3.750%	$52.1M	$19.6M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,616.5	−3.398%	$5.4M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,616.4	−3.406%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,614.9	−3.499%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,614.9	−3.494%	$79K	$221K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,613.9	−3.557%	$1.6M	$529K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International OPENAI-PERP-INTX	+0.0016%	1h	1,617.9	−3.319%	$225K	$161K	5x	as long as short
BloFin OPENAI-USDT	+0.0028%	8h	1,613.9	−3.554%	$473K	$286K	20x	as long as short
Lighter RH OPENAIlong	+0.0032%	1h	1,673.4	long leg	$2.6M	$6.1M	5x
Extended OPENAI-USDshort	+0.0048%	1h	1,613.6	−3.575%	$142K	$895K	10x
Aster OPENAIUSDT	+0.0050%	8h	1,618.9	−3.259%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,614	−3.550%	$22.7M	$17.4M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,614.2	−3.537%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,619.4	−3.225%	$373K	$69K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,613.8	−3.559%	$2.6M	$758K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,614.5	−3.517%	$2K	$163K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,613.7	−3.566%	—	—	10x	as long as short
Entropy io:OAI	+0.0134%	1h	1,665.9	−0.448%	$7.6M	$2.3M	6x	as long as short