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Funding arb · Price arb /

OPENAI

RWAall OPENAI markets
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Alert: funding
Measured
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Alert: spread
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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.

Funding you earn now, next payment 10:00 UTC+0.0680%/8h= +74.5% APRnext payment +$0.85 per $10,000 · paid last 24h +0.208%
Price spread now: Coinbase International against Lighter RH−2.458%7-day average −4.125% · you buy dearer than you sell
Net, funding: paid 7d − costs+$9as in the Funding arb table
Net, price: spread back to 7d avg − costs+$99as in the Price arb table
costs, in and out, $10k−$680.675% of the position
Long on Lighter RHShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days+0.770%+$77 on $10k
Price spread, last 4 days (all we have)−2.336%−$234 · spread now −2.458%, 7d avg −4.125%
Together, before fees−1.567%+ Points / potential airdropLighter RH: Points live · farm board−$157 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Coinbase International is 1.667% dearer against Lighter RH than usual: you sell high and buy low: +$167 more if the spread goes back to its 7-day average of −4.125%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH OPENAI1,682.80.0032pay 0.0004% / 1h45m 04s$2.8M$6.3M5x
ShortCoinbase International OPENAI-PERP-INTX1,641.50.0712get 0.0089% / 1h45m 04s$231K$176K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$142.8
Price spread: −2.458% → −4.125%
$166.67
Slippage, 4 orders
−$57.52
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$241.95
Costs to cover
0.675%
Break-even
from the start
Slippage from Lighter RH: live order book, 6 min ago; Coinbase International: live order book, 1 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 RH live order book, 6 min ago1.64 bp10.1 bp −$1078.5 bp −$785doesn't fitdoesn't fit
Sell Coinbase International live order book, 1 min ago10.24 bp17.7 bp −$1847.7 bp −$477doesn't fitdoesn't fit

OPENAI on 22 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX OPENAI-USD−0.0003%1h1,635−2.844%$1.2M$657K10xas long as short
Lighter OPENAI0.0000%1h1,713.9+1.843%$1.4M$274K5xas long as short
Bybit OPENAIUSDT0.0000%8h1,671.7−0.663%$717K$288K25xas long as short
OKX OPENAI-USDT-SWAP0.0000%8h1,661.9−1.244%$5.1M$1.2M20xas long as short
Gate OPENAI_USDT0.0000%8h1,632.2−3.007%$49.2M$15.3M50xas long as short
Bitget OPENAIUSDT0.0000%8h1,635.7−2.800%$5.4M$3.6M20xas long as short
SunX OPENAI-USDT0.0000%8h1,635−2.843%—$1.7M10xas long as short
Deribit OPENAI_USDC-PERPETUAL0.0000%1h1,634.6−2.864%$3K$3K5xas long as short
HTX OPENAI-USDT0.0000%8h1,634.9−2.849%$80K$159K20xas long as short
Phemex OPENAIUSDT0.0000%8h1,635−2.843%$1.6M$503K10xas long as short
Show all 22 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH OPENAIlong+0.0032%1h1,682.8long leg$2.8M$6.3M5x
Extended OPENAI-USD+0.0048%1h1,634.4−2.881%$142K$812K10xas long as short
Aster OPENAIUSDT+0.0050%8h1,637.5−2.694%$213K$3K20xas long as short
Binance OPENAIUSDT+0.0050%8h1,634.9−2.849%$23.1M$17.3M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,634−2.902%$6.7M$2.5M50xas long as short
KuCoin OPENAIUSDTM+0.0050%8h1,639.2−2.591%$381K$231K20xas long as short
Variational Omni OPENAI+0.0050%8h1,635−2.845%$2.6M$770K—as long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,633.4−2.936%$2K$169K10xas long as short
BloFin OPENAI-USDT+0.0062%8h1,634.7−2.859%$484K$322K20xas long as short
Aevo OPENAI-PERP+0.0104%1h1,634.6−2.870%——10xas long as short
Entropy io:OAI+0.0172%1h1,672.6−0.608%$7.6M$2.4M6xas long as short
Coinbase International OPENAI-PERP-INTXshort+0.0712%1h1,641.5−2.458%$231K$176K5x