Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h —

Price spread now: Lighter against Aevo+5.299%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

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

The price spread pays, funding is against you. Lighter is 5.299% dearer against Aevo than usual: you sell high and buy low (spread +5.299% now, against zero (this spread has no 7-day history yet)): +$530 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo OPENAI-PERP	1,621.5	0.0104	pay 0.0013% / 1h	3m 05s	—	—	10x
Short	Lighter OPENAI	1,707.4	0	get 0.0000% / 1h	3m 05s	$1.4M	$269K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aevo. 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 AevobpFee LighterbpOrdersPrice spread, now +5.299%Rate

Funding earned: −$21.84
Price spread: +5.299% → 0.000%: $529.86
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter: 0 bp × 2 orders: $0
Net: $492.02
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Aevo: no order-book sample; 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 Aevo no order-book sample	—	—	—	—	—
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

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.340%	$225K	$158K	5x	as long as short
Lighter OPENAIshort	0.0000%	1h	1,707.4	+5.299%	$1.4M	$269K	5x
Bybit OPENAIUSDT	0.0000%	8h	1,662.1	+2.506%	$758K	$207K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,649.7	+1.741%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,618.2	−0.204%	$52.3M	$28.8M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,622.9	+0.089%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,622.7	+0.076%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,620.7	−0.045%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,622.3	+0.051%	$79K	$217K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,621.8	+0.021%	$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	+0.015%	$1.2M	$491K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,674.4	+3.264%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,621.5	+0.002%	$141K	$737K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,626.7	+0.324%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,621.8	+0.021%	$22.9M	$17.8M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,621.7	+0.016%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,624.6	+0.191%	$374K	$69K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,622.5	+0.064%	$2.6M	$760K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,623.6	+0.130%	$2K	$144K	10x	as long as short
BloFin OPENAI-USDT	+0.0061%	8h	1,621.9	+0.027%	$475K	$277K	20x	as long as short
Aevo OPENAI-PERPlong	+0.0104%	1h	1,621.5	long leg	—	—	10x
Entropy io:OAI	+0.0151%	1h	1,667.1	+2.814%	$7.4M	$2.1M	6x	as long as short