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−$217
spread now−1.935%7d average−1.785%fees + slippage, in and out−$202spread needed2.019%
Long on LighterShort on Entropy
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter OPENAI1,7050get 0.0000% / 1h29m 20s$1.4M$259K5x
ShortEntropy io:OAI1,6720.0244get 0.0031% / 1h29m 20s$7.6M$1.1M6x

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
−$193.49
Funding while held
$7.33
Slippage, 4 orders
−$183.91
Fee Lighter: 0 bp × 2 orders
$0
Fee Entropy: 9 bp × 2 orders
−$18
Net
−$388.07
Spread needed to break even
2.019%
Slippage from Lighter: live order book, 3 min ago; Entropy: live order book, 9 min ago.

Cost of waiting

funding view
Funding /8h
+0.0244%
Per $10,000 a day
+$7.33
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 Lighter live order book, 3 min ago0.03 bp158.9 bp −$159900.4 bp −$9,004doesn't fitdoesn't fit
Sell Entropy live order book, 9 min ago8.37 bp18.0 bp −$18doesn't fitdoesn't fitdoesn't fit

OPENAI price on every exchange

against the cheapest. Click to use as the short leg.
Gate1,601cheapest
Phemex1,603.1+0.133%
QFEX1,603.2+0.137%
Extended1,603.2+0.137%
Binance1,603.2+0.140%
MEXC1,603.2+0.140%
BloFin1,603.2+0.140%
Variational Omni1,603.7+0.172%
Deribit1,603.8+0.178%
HTX1,604+0.191%
Aevo1,604.3+0.205%
SunX1,604.8+0.239%
Bitget1,605.1+0.256%
KuCoin1,610.9+0.618%
Aster1,612.8+0.740%
Coinbase International1,613.6+0.785%
OKX1,635+2.125%Bybit1,646.4+2.836%Lighter RH1,670.7+4.352%
Entropy1,672+4.436%
Lighter1,705+6.497%

OPENAI on 21 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate OPENAI_USDT−6.100%0.0000%8h$51.8M$58.8M50xas long as short
Phemex OPENAIUSDT−5.975%0.0000%8h$1.6M$586K10xas long as short
QFEX OPENAI-USD−5.972%0.0000%1h$1.2M$347K10xas long as short
Extended OPENAI-USD−5.971%+0.0048%1h$133K$655K10xas long as short
Binance OPENAIUSDT−5.969%+0.0050%8h$23.0M$18.7M20xas long as short
MEXC OPENAI_USDT−5.969%+0.0050%8h$12.8M$2.9M50xas long as short
BloFin OPENAI-USDT−5.969%+0.0056%8h$476K$240K20xas long as short
Variational Omni OPENAI−5.939%+0.0050%8h$2.5M$196K—as long as short
Deribit OPENAI_USDC-PERPETUAL−5.933%0.0000%1h—$35xas long as short
HTX OPENAI-USDT−5.921%0.0000%8h$78K$199K20xas long as short
Show all 21 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aevo OPENAI-PERP−5.908%+0.0104%1h——10xas long as short
SunX OPENAI-USDT−5.876%0.0000%8h—$2.6M10xas long as short
Bitget OPENAIUSDT−5.860%0.0000%8h$5.4M$4.5M20xas long as short
KuCoin OPENAIUSDTM−5.520%+0.0050%8h$367K$56K20xas long as short
Aster OPENAIUSDT−5.405%+0.0050%8h$210K$2K20xas long as short
Coinbase International OPENAI-PERP-INTX−5.363%+0.2168%1h$251K$91K5xas long as short
OKX OPENAI-USDT-SWAP−4.105%0.0000%8h$5.0M$1.1M20xas long as short
Bybit OPENAIUSDT−3.438%0.0000%8h$759K$197K25xas long as short
Lighter RH OPENAI−2.014%+0.0032%1h$3.1M$5.0M5xas long as short
Entropy io:OAIshort−1.935%+0.0244%1h$7.6M$1.1M6x
Lighter OPENAIlong0.000%0.0000%1h$1.4M$259K5x