OPENAI

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.010%

Price spread now: Lighter RH against QFEX+3.230%7-day average +5.777% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$285as in the Price arb table

costs, in and out, $10k−$310.307% of the position

Long on QFEX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.037%+$4 on $10k

Price spread, last 7 days+3.616%+$362 · spread now +3.230%, 7d avg +5.777%

Together, before fees+3.654%+ Points / potential airdropLighter RH: Points live · farm board+$365 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 2.547% cheaper against QFEX than usual: you would sell low and buy high (spread +3.230% now, against its 7-day average of +5.777%). If the spread goes back, that is −$255 on $10k: about 9 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX OPENAI-USD	1,622.5	0.0000	pay 0.0000% / 1h	49m 42s	$1.2M	$443K	10x
Short	Lighter RH OPENAI	1,674.9	0.0032	get 0.0004% / 1h	49m 42s	$2.7M	$6.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against QFEX. 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 QFEXbpFee Lighter RHbpOrdersPrice spread, now +3.230%Rate

Funding earned: $6.67
Price spread: +3.230% → +5.777%: −$254.71
Slippage, 4 orders: −$20.68
Fee QFEX: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$278.72
Costs to cover: 0.307%
Break-even: 299.5 days

Slippage from QFEX: live order book, 2 min ago; Lighter RH: live order book, 4 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 QFEX live order book, 2 min ago	2.46 bp	9.0 bp −$9	20.1 bp −$201	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	2.03 bp	7.4 bp −$7	113.9 bp −$1,139	570.4 bp −$57.0K	doesn't fit

OPENAI on 21 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	1,623.3	+0.045%	$224K	$158K	5x	as long as short
Lighter OPENAI	0.0000%	1h	1,707.5	+5.234%	$1.4M	$268K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,662.5	+2.466%	$762K	$203K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,651.7	+1.798%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,619.1	−0.210%	$52.4M	$28.7M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,623.4	+0.055%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,623.4	+0.054%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,622.2	−0.018%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,623.9	+0.082%	$79K	$216K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,621.8	−0.044%	$1.6M	$545K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX OPENAI-USDlong	0.0000%	1h	1,622.5	long leg	$1.2M	$443K	10x
Lighter RH OPENAIshort	+0.0032%	1h	1,674.9	+3.230%	$2.7M	$6.1M	5x
Extended OPENAI-USD	+0.0048%	1h	1,622.5	−0.004%	$131K	$720K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,628.2	+0.349%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,622.9	+0.023%	$22.9M	$17.8M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,622.2	−0.018%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,621.9	−0.038%	$373K	$71K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,622.7	+0.009%	$2.6M	$752K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622.3	−0.014%	$2K	$137K	10x	as long as short
Entropy io:OAI	+0.0097%	1h	1,667.5	+2.772%	$7.4M	$2.1M	6x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,622.6	+0.005%	—	—	10x	as long as short