Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Lighter against SunX+5.513%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 5.513% dearer against SunX than usual: you sell high and buy low, +$551 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX OPENAI-USDT	1,619.3	0	get 0.0000% / 8h	3h 14m	—	$2.4M	10x
Short	Lighter OPENAI	1,708.6	0	get 0.0000% / 1h	14m 43s	$1.4M	$265K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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 SunXbpFee LighterbpOrdersPrice spread, now +5.513%Rate

Funding earned: $0
Price spread: +5.513% → 0.000%: $551.29
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $543.29
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 2 min ago; Lighter: live order book, 1 min ago. 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 SunX live order book, 2 min ago	500.40 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 1 min ago	1.70 bp	19.1 bp −$19	98.2 bp −$982	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	−0.0001%	1h	1,617.5	−0.110%	$1.2M	$577K	10x	as long as short
Lighter OPENAIshort	0.0000%	1h	1,708.6	+5.513%	$1.4M	$265K	5x
Bybit OPENAIUSDT	0.0000%	8h	1,660.3	+2.532%	$754K	$205K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,648.7	+1.816%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,613.2	−0.377%	$52.2M	$25.4M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,618.3	−0.061%	$5.4M	$5.0M	20x	as long as short
SunX OPENAI-USDTlong	0.0000%	8h	1,619.3	long leg	—	$2.4M	10x
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,617	−0.144%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,620	+0.044%	$79K	$221K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,615.9	−0.209%	$1.6M	$535K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH OPENAI	+0.0032%	1h	1,676.3	+3.519%	$2.6M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,617	−0.144%	$142K	$737K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,619.5	+0.010%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,616.7	−0.158%	$22.8M	$17.6M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,616.4	−0.179%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,621.4	+0.128%	$374K	$69K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,617.2	−0.127%	$2.6M	$766K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,619.8	+0.030%	$2K	$161K	10x	as long as short
BloFin OPENAI-USDT	+0.0053%	8h	1,617.2	−0.128%	$472K	$286K	20x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.0056%	1h	1,623.9	+0.283%	$226K	$161K	5x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,617.2	−0.127%	—	—	10x	as long as short
Entropy io:OAI	+0.0105%	1h	1,669.6	+3.106%	$7.6M	$2.3M	6x	as long as short