OPENAI

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.05 per $10,000 · paid last 24h +0.013%

Price spread now: Extended against Lighter−5.152%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$645as in the Price arb table

costs, in and out, $10k−$1301.300% of the position

Long on Lighter Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

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

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

Funding pays, the price is against you. Extended is 5.152% cheaper against Lighter than usual: you would sell low and buy high (spread −5.152% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$515 on $10k: about 14 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter OPENAI	1,713.3	0.0008	pay 0.0001% / 1h	36m 51s	$1.4M	$266K	5x
Short	Extended OPENAI-USD	1,625	0.0048	get 0.0006% / 1h	36m 51s	$144K	$736K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Lighter. 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 LighterbpFee ExtendedbpOrdersPrice spread, now −5.152%Rate

Funding earned: $8.4
Price spread: −5.152% → 0.000%: −$515.19
Slippage, 4 orders: −$125.04
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$636.83
Costs to cover: 1.300%
Break-even: 537.7 days

Slippage from Lighter: live order book, 4 min ago; Extended: live order book, 21 min ago.

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 Lighter live order book, 4 min ago	0.03 bp	39.7 bp −$40	445.0 bp −$4,450	doesn't fit	doesn't fit
Sell Extended live order book, 21 min ago	4.94 bp	32.1 bp −$32	252.9 bp −$2,529	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	−0.0024%	1h	1,625.7	−5.109%	$226K	$160K	5x	as long as short
QFEX OPENAI-USD	−0.0004%	1h	1,624.9	−5.159%	$1.2M	$540K	10x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,663.9	−2.885%	$756K	$207K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,652.7	−3.536%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,622.2	−5.314%	$52.5M	$28.1M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,627	−5.037%	$5.5M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,626.2	−5.083%	—	$2.4M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,624.1	−5.206%	$79K	$219K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,625.2	−5.142%	$1.6M	$546K	10x	as long as short
Lighter OPENAIlong	+0.0008%	1h	1,713.3	long leg	$1.4M	$266K	5x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH OPENAI	+0.0032%	1h	1,680.7	−1.901%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USDshort	+0.0048%	1h	1,625	−5.152%	$144K	$736K	10x
Aster OPENAIUSDT	+0.0050%	8h	1,631.4	−4.780%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,625.5	−5.124%	$22.9M	$17.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,625.9	−5.102%	$13.1M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,624.4	−5.188%	$376K	$70K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,624	−5.211%	$2.6M	$766K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622.8	−5.282%	$2K	$147K	10x	as long as short
BloFin OPENAI-USDT	+0.0080%	8h	1,625.8	−5.107%	$474K	$283K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,624.9	−5.161%	—	—	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	+0.0219%	1h	1,625.9	−5.101%	—	$3	5x	as long as short
Entropy io:OAI	+0.0237%	1h	1,671.2	−2.456%	$7.6M	$2.3M	6x	as long as short