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Funding arb · Price arb /

OPENAI

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Gate against Lighter−4.871%7-day average −7.199% · you buy dearer than you sell
Net, funding: paid 7d − costs−$250as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$2502.501% of the position
Long on LighterShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days−0.003%$0 on $10k
Price spread, last 7 days−2.657%−$266 · spread now −4.871%, 7d avg −7.199%
Together, before fees−2.659%+ Points / potential airdropLighter: Season 3 · farm board−$266 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 2.328% dearer against Lighter than usual: you sell high and buy low, +$233 on $10k if it goes back to its 7-day average of −7.199%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter OPENAI1,704.50get 0.0000% / 1h40m 13s$1.4M$286K5x
ShortGate OPENAI_USDT1,621.50get 0.0000% / 8h40m 13s$52.7M$39.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
$0
Price spread: −4.871% → −7.199%
$232.76
Slippage, 4 orders
−$235.1
Fee Lighter: 0 bp × 2 orders
$0
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$17.34
Costs to cover
2.501%
Break-even
never at this rate
Slippage from Lighter: live order book, 1 min ago; Gate: live order book, 4 min ago.

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, 1 min ago1.87 bp102.2 bp −$102903.9 bp −$9,039doesn't fitdoesn't fit
Sell Gate live order book, 4 min ago2.75 bp15.3 bp −$15doesn't fitdoesn't fitdoesn't fit

OPENAI on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International OPENAI-PERP-INTX−0.0168%1h1,625.4−4.644%$236K$145K5xas long as short
QFEX OPENAI-USD−0.0010%1h1,623.8−4.734%$1.2M$387K10xas long as short
Lighter OPENAIlong0.0000%1h1,704.5long leg$1.4M$286K5x
Bybit OPENAIUSDT0.0000%8h1,669.1−2.080%$764K$220K25xas long as short
OKX OPENAI-USDT-SWAP0.0000%8h1,654.5−2.934%$5.1M$1.4M20xas long as short
Gate OPENAI_USDTshort0.0000%8h1,621.5−4.871%$52.7M$39.4M50x
Bitget OPENAIUSDT0.0000%8h1,625.5−4.636%$5.5M$5.1M20xas long as short
SunX OPENAI-USDT0.0000%8h1,624.5−4.694%—$2.6M10xas long as short
Deribit OPENAI_USDC-PERPETUAL0.0000%1h1,625.3−4.647%—$35xas long as short
HTX OPENAI-USDT0.0000%8h1,625.7−4.621%$79K$213K20xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex OPENAIUSDT0.0000%8h1,624.5−4.693%$1.6M$559K10xas long as short
Lighter RH OPENAI+0.0032%1h1,676.8−1.625%$2.6M$6.2M5xas long as short
Extended OPENAI-USD+0.0048%1h1,623.4−4.760%$131K$667K10xas long as short
Aster OPENAIUSDT+0.0050%8h1,628.9−4.436%$212K$3K20xas long as short
Binance OPENAIUSDT+0.0050%8h1,623.8−4.735%$23.1M$18.8M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,625.1−4.661%$13.0M$3.1M50xas long as short
KuCoin OPENAIUSDTM+0.0050%8h1,627.8−4.500%$376K$64K20xas long as short
Variational Omni OPENAI+0.0050%8h1,624.2−4.712%$2.6M$753K—as long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,623.1−4.778%$2K$141K10xas long as short
BloFin OPENAI-USDT+0.0074%8h1,623.7−4.743%$470K$275K20xas long as short
Aevo OPENAI-PERP+0.0104%1h1,623.9−4.729%——10xas long as short
Entropy io:OAI+0.0245%1h1,666.2−2.248%$7.4M$2.2M6xas long as short