data as of
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Price arb /

OPENAI

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$262
spread now+2.011%7d average+1.791%fees + slippage, in and out−$284spread needed2.842%
Long on EntropyShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongEntropy io:OAI1,672.70.0090pay 0.0011% / 1h44m 42s$7.6M$1.3M6x
ShortLighter OPENAI1,706.30get 0.0000% / 1h44m 42s$1.4M$284K5x

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 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$201.05
Funding while held
−$2.7
Slippage, 4 orders
−$266.21
Fee Entropy: 9 bp × 2 orders
−$18
Fee Lighter: 0 bp × 2 orders
$0
Net
−$85.86
Spread needed to break even
2.842%
Slippage from Entropy: live order book, 2 min ago; Lighter: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0090%
Per $10,000 a day
−$2.70
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Entropy live order book, 2 min ago3.29 bp36.6 bp −$37doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 3 min ago2.08 bp65.0 bp −$6595.7 bp −$957doesn't fitdoesn't fit

OPENAI price on every exchange

against the cheapest. Click to use as the short leg.
KuCoin1,614.5cheapestGate1,620+0.342%Binance1,623.1+0.533%MEXC1,623.3+0.544%Phemex1,623.4+0.554%BloFin1,624.3+0.611%Variational Omni1,624.3+0.611%Extended1,624.4+0.616%Aster1,624.4+0.618%HTX1,624.8+0.640%QFEX1,624.9+0.645%Aevo1,625.1+0.661%Deribit1,625.5+0.686%Bitget1,626+0.714%SunX1,626.8+0.764%Coinbase International1,628.1+0.845%OKX1,651.7+2.307%Bybit1,666.2+3.204%
Entropy1,672.7+3.607%
Lighter RH1,673.7+3.672%
Lighter1,706.3+5.690%

OPENAI on 21 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin OPENAIUSDTM−3.482%+0.0050%8h$368K$60K20xas long as short
Gate OPENAI_USDT−3.152%0.0000%8h$52.5M$55.5M50xas long as short
Binance OPENAIUSDT−2.967%+0.0050%8h$23.1M$20.0M20xas long as short
MEXC OPENAI_USDT−2.956%+0.0050%8h$12.9M$2.9M50xas long as short
Phemex OPENAIUSDT−2.947%0.0000%8h$1.6M$583K10xas long as short
BloFin OPENAI-USDT−2.892%+0.0062%8h$480K$254K20xas long as short
Variational Omni OPENAI−2.892%+0.0050%8h$2.5M$212K—as long as short
Extended OPENAI-USD−2.888%+0.0048%1h$135K$655K10xas long as short
Aster OPENAIUSDT−2.885%+0.0050%8h$212K$3K20xas long as short
HTX OPENAI-USDT−2.864%0.0000%8h$79K$203K20xas long as short
Show all 21 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
QFEX OPENAI-USD−2.859%+0.0012%1h$1.2M$342K10xas long as short
Aevo OPENAI-PERP−2.844%+0.0104%1h——10xas long as short
Deribit OPENAI_USDC-PERPETUAL−2.819%+0.0146%1h—$35xas long as short
Bitget OPENAIUSDT−2.792%0.0000%8h$5.5M$4.5M20xas long as short
SunX OPENAI-USDT−2.744%0.0000%8h—$2.6M10xas long as short
Coinbase International OPENAI-PERP-INTX−2.666%+0.1856%1h$250K$89K5xas long as short
OKX OPENAI-USDT-SWAP−1.255%0.0000%8h$5.1M$1.1M20xas long as short
Bybit OPENAIUSDT−0.389%0.0000%8h$762K$196K25xas long as short
Entropy io:OAIlong0.000%+0.0090%1h$7.6M$1.3M6x
Lighter RH OPENAI+0.062%+0.0032%1h$3.0M$5.3M5xas long as short
Lighter OPENAIshort+2.011%0.0000%1h$1.4M$284K5x