OPENAI

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+5.374%

7d average—if it closes, per $10,000$537funding while held, a day−$2.16

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo OPENAI-PERP	1,544.5	0.0104	pay 0.0013% / 1h	29m 00s	—	—	10x
Short	Lighter RH OPENAI	1,627.5	0.0032	get 0.0004% / 1h	29m 00s	$3.1M	$4.9M	5x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee AevobpFee Lighter RHbpOrdersClose when spread is

Spread captured: $537.41
Funding while held: −$2.16
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $519.25
Spread needed to break even: 0.160%

Slippage unknown: Aevo: no order-book sample; Lighter RH: live order book, 6 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0072%
Per $10,000 a day: −$2.16
Average in range /8h: —

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 RH live order book, 6 min ago	1.54 bp	3.3 bp −$3	55.1 bp −$551	258.6 bp −$25.9K	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 price on every exchange

against the cheapest. Click to use as the short leg.

Gate1,543.5cheapest Variational Omni1,543.7+0.013%Extended1,544.1+0.040%

Aevo1,544.5+0.065%

QFEX1,544.5+0.068%Aster1,544.6+0.073%Deribit1,545.1+0.102%Binance1,545.3+0.116%BloFin1,545.5+0.131%MEXC1,545.5+0.132%Phemex1,545.9+0.154%HTX1,546+0.160%SunX1,551.3+0.506%Bitget1,553.7+0.664%KuCoin1,556.2+0.822%Coinbase International1,560.9+1.127%OKX1,579.1+2.307%Bybit1,599.2+3.609%

Entropy1,623.7+5.197%

Lighter RH1,627.5+5.442%

Lighter1,663.6+7.780%

OPENAI on 21 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Gate OPENAI_USDT	−0.065%	0.0000%	8h	$49.9M	$67.8M	50x	as long as short
Variational Omni OPENAI	−0.051%	+0.0050%	8h	$2.5M	$200K	—	as long as short
Extended OPENAI-USD	−0.025%	+0.0048%	1h	$134K	$645K	10x	as long as short
Aevo OPENAI-PERPlong	0.000%	+0.0104%	1h	—	—	10x
QFEX OPENAI-USD	+0.003%	−0.0002%	1h	$1.2M	$428K	10x	as long as short
Aster OPENAIUSDT	+0.009%	+0.0050%	8h	$199K	$15	20x	as long as short
Deribit OPENAI_USDC-PERPETUAL	+0.038%	0.0000%	1h	$2	$2	5x	as long as short
Binance OPENAIUSDT	+0.051%	+0.0050%	8h	$22.9M	$15.2M	20x	as long as short
BloFin OPENAI-USDT	+0.066%	+0.0056%	8h	$469K	$216K	20x	as long as short
MEXC OPENAI_USDT	+0.067%	+0.0050%	8h	$12.3M	$2.9M	50x	as long as short

Show all 21 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex OPENAIUSDT	+0.089%	0.0000%	8h	$1.6M	$578K	10x	as long as short
HTX OPENAI-USDT	+0.095%	−0.2309%	8h	$61K	$186K	20x	as long as short
SunX OPENAI-USDT	+0.441%	0.0000%	8h	—	$2.1M	10x	as long as short
Bitget OPENAIUSDT	+0.599%	0.0000%	8h	$4.6M	$4.3M	20x	as long as short
KuCoin OPENAIUSDTM	+0.756%	+0.0050%	8h	$356K	$185K	20x	as long as short
Coinbase International OPENAI-PERP-INTX	+1.062%	+0.0704%	1h	$262K	$65K	5x	as long as short
OKX OPENAI-USDT-SWAP	+2.241%	0.0000%	8h	$4.9M	$741K	20x	as long as short
Bybit OPENAIUSDT	+3.542%	0.0000%	8h	$806K	$109K	25x	as long as short
Entropy io:OAI	+5.129%	+0.0246%	1h	$7.5M	$753K	6x	as long as short
Lighter RH OPENAIshort	+5.374%	+0.0032%	1h	$3.1M	$4.9M	5x
Lighter OPENAI	+7.711%	0.0000%	1h	$1.4M	$183K	5x	as long as short