Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.014%

Price spread now: Lighter against Variational Omni+5.236%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 5.236% dearer against Variational Omni than usual: you sell high and buy low (spread +5.236% now, against zero (this spread has no 7-day history yet)): +$524 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni OPENAI	1,622.5	0.0050	pay 0.0050% / 8h	5h 03m	$2.6M	$760K	—
Short	Lighter OPENAI	1,707.5	0	get 0.0000% / 1h	3m 25s	$1.4M	$269K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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 Variational OmnibpFee LighterbpOrdersPrice spread, now +5.236%Rate

Funding earned: −$10.5
Price spread: +5.236% → 0.000%: $523.65
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $513.15
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Lighter: live order book, 3 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 Variational Omni RFQ quote, 1 min ago	3.64 bp	doesn't fit	82.2 bp −$822	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	0.03 bp	50.3 bp −$50	112.7 bp −$1,127	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	1,627	+0.276%	$225K	$159K	5x	as long as short
Lighter OPENAIshort	0.0000%	1h	1,707.5	+5.236%	$1.4M	$269K	5x
Bybit OPENAIUSDT	0.0000%	8h	1,662.1	+2.441%	$758K	$207K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,649.7	+1.677%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,618.2	−0.265%	$52.3M	$28.8M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,622.9	+0.025%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,623.7	+0.074%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,622.2	−0.020%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,622.9	+0.025%	$79K	$217K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,621.1	−0.089%	$1.6M	$545K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX OPENAI-USD	0.0000%	1h	1,621.7	−0.049%	$1.2M	$491K	10x	as long as short
BloFin OPENAI-USDT	+0.0029%	8h	1,624.3	+0.109%	$476K	$278K	20x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,674.5	+3.207%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,621.8	−0.040%	$141K	$737K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,627.1	+0.282%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,621.9	−0.037%	$22.9M	$17.8M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,621.7	−0.050%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,624.6	+0.128%	$374K	$69K	20x	as long as short
Variational Omni OPENAIlong	+0.0050%	8h	1,622.5	long leg	$2.6M	$760K	—
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,623.6	+0.066%	$2K	$144K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,622.1	−0.027%	—	—	10x	as long as short
Entropy io:OAI	+0.0151%	1h	1,667.1	+2.749%	$7.4M	$2.1M	6x	as long as short