Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h +0.005%

Price spread now: MEXC against Lighter RH−3.121%7-day average −5.724% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs+$244as in the Price arb table

costs, in and out, $10k−$170.168% of the position

Long on Lighter RH Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 7 days−3.710%−$371 · spread now −3.121%, 7d avg −5.724%

Together, before fees−3.672%+ Points / potential airdropLighter RH: Points live · farm board−$367 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 2.603% dearer against Lighter RH than usual: you sell high and buy low: +$260 more if the spread goes back to its 7-day average of −5.724%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH OPENAI	1,675.2	0.0032	pay 0.0004% / 1h	25m 27s	$2.7M	$6.2M	5x
Short	MEXC OPENAI_USDT	1,622.9	0.0050	get 0.0050% / 8h	5h 25m	$13.0M	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −3.121%Rate

Funding earned: $3.78
Price spread: −3.121% → −5.724%: $260.35
Slippage, 4 orders: −$16.78
Fee Lighter RH: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: $247.35
Costs to cover: 0.168%
Break-even: from the start

Slippage from Lighter RH: live order book, 3 min ago; MEXC: live order book, 3 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	1.76 bp	8.1 bp −$8	63.6 bp −$636	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.17 bp	1.2 bp −$1	3.9 bp −$39	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	−0.0104%	1h	1,622.5	−3.144%	$225K	$159K	5x	as long as short
Lighter OPENAI	0.0000%	1h	1,708.3	+1.980%	$1.4M	$269K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,664.6	−0.629%	$761K	$204K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,651	−1.442%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,619.5	−3.323%	$52.4M	$28.7M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,624.2	−3.043%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,623.9	−3.059%	—	$2.4M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,623.4	−3.087%	$79K	$216K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,623.1	−3.108%	$1.6M	$543K	10x	as long as short
QFEX OPENAI-USD	0.0000%	1h	1,622.9	−3.120%	$1.2M	$475K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin OPENAI-USDT	+0.0029%	8h	1,622.9	−3.121%	$476K	$276K	20x	as long as short
Lighter RH OPENAIlong	+0.0032%	1h	1,675.2	long leg	$2.7M	$6.2M	5x
Deribit OPENAI_USDC-PERPETUAL	+0.0035%	1h	1,624.9	−3.001%	—	$3	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,622.6	−3.139%	$135K	$722K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,629.3	−2.735%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,623	−3.113%	$22.9M	$17.8M	20x	as long as short
MEXC OPENAI_USDTshort	+0.0050%	8h	1,622.9	−3.121%	$13.0M	$3.2M	50x
KuCoin OPENAIUSDTM	+0.0050%	8h	1,624.6	−3.019%	$374K	$71K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,622.5	−3.141%	$2.6M	$754K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622.3	−3.154%	$2K	$140K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,622.3	−3.153%	—	—	10x	as long as short
Entropy io:OAI	+0.0145%	1h	1,667.1	−0.481%	$7.4M	$2.1M	6x	as long as short