Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Bitget against Lighter RH−3.156%7-day average −5.800% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs+$181as in the Price arb table

costs, in and out, $10k−$830.833% of the position

Long on Lighter RH Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 7 days−3.699%−$370 · spread now −3.156%, 7d avg −5.800%

Together, before fees−3.766%+ Points / potential airdropLighter RH: Points live · farm board−$377 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 2.644% dearer against Lighter RH than usual: you sell high and buy low (spread −3.156% now, against its 7-day average of −5.800%): +$264 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH OPENAI	1,676.7	0.0032	pay 0.0004% / 1h	40m 03s	$2.7M	$6.1M	5x
Short	Bitget OPENAIUSDT	1,623.8	0	get 0.0000% / 8h	6h 40m	$5.5M	$5.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Lighter RH. 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 Lighter RHbpFee BitgetbpOrdersPrice spread, now −3.156%Rate

Funding earned: −$6.72
Price spread: −3.156% → −5.800%: $264.43
Slippage, 4 orders: −$71.31
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: $174.4
Costs to cover: 0.833%
Break-even: from the start

Slippage from Lighter RH: live order book, 3 min ago; Bitget: live order book, 3 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 RH live order book, 3 min ago	1.07 bp	4.7 bp −$5	50.7 bp −$507	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.61 bp	23.5 bp −$24	52.0 bp −$520	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
Deribit OPENAI_USDC-PERPETUAL	−0.0268%	1h	1,622.2	−3.251%	—	$3	5x	as long as short
QFEX OPENAI-USD	−0.0004%	1h	1,623	−3.199%	$1.2M	$407K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,709	+1.931%	$1.4M	$280K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,666.3	−0.619%	$764K	$205K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,650.9	−1.536%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,619.9	−3.386%	$52.4M	$31.8M	50x	as long as short
Bitget OPENAIUSDTshort	0.0000%	8h	1,623.8	−3.156%	$5.5M	$5.1M	20x
SunX OPENAI-USDT	0.0000%	8h	1,623.8	−3.153%	—	$2.5M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,624.7	−3.097%	$79K	$216K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,621.9	−3.265%	$1.6M	$562K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International OPENAI-PERP-INTX	+0.0024%	1h	1,624.5	−3.114%	$222K	$155K	5x	as long as short
Lighter RH OPENAIlong	+0.0032%	1h	1,676.7	long leg	$2.7M	$6.1M	5x
Extended OPENAI-USD	+0.0048%	1h	1,622.5	−3.227%	$136K	$717K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,628.6	−2.869%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,622.8	−3.213%	$22.9M	$18.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,622.2	−3.248%	$13.1M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,626.2	−3.012%	$378K	$68K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,623.9	−3.144%	$2.6M	$761K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,626.4	−2.996%	$2K	$137K	10x	as long as short
BloFin OPENAI-USDT	+0.0059%	8h	1,629.3	−2.827%	$477K	$280K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,621.9	−3.267%	—	—	10x	as long as short
Entropy io:OAI	+0.0112%	1h	1,671.6	−0.302%	$7.4M	$2.2M	6x	as long as short