Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Lighter against SunX+5.240%7-day average +6.443% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 3 days (all we have)+2.609%+$261 · spread now +5.240%, 7d avg +6.443%

Together, before fees+2.612%+ Points / potential airdropLighter: Season 3 · farm board+$261 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: Lighter is 1.203% cheaper against SunX than usual: you would sell low and buy high, −$120 on $10k if it goes back to its 7-day average of +6.443%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX OPENAI-USDT	1,623.3	0	get 0.0000% / 8h	6h 37m	—	$2.5M	10x
Short	Lighter OPENAI	1,708.4	0	get 0.0000% / 1h	37m 57s	$1.4M	$280K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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 SunXbpFee LighterbpOrdersPrice spread, now +5.240%Rate

Funding earned: $0
Price spread: +5.240% → +6.443%: −$120.3
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$128.3
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 9 min ago; Lighter: live order book, 3 min ago. Net counts fees only.

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 SunX live order book, 9 min ago	500.09 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	1.02 bp	71.9 bp −$72	126.5 bp −$1,265	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	−0.0121%	1h	1,622.3	−0.060%	—	$3	5x	as long as short
QFEX OPENAI-USD	−0.0004%	1h	1,622.1	−0.074%	$1.2M	$410K	10x	as long as short
Lighter OPENAIshort	0.0000%	1h	1,708.4	+5.240%	$1.4M	$280K	5x
Bybit OPENAIUSDT	0.0000%	8h	1,666.7	+2.670%	$764K	$204K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,650.9	+1.700%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,619.5	−0.235%	$52.4M	$31.8M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,623.7	+0.025%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDTlong	0.0000%	8h	1,623.3	long leg	—	$2.5M	10x
HTX OPENAI-USDT	0.0000%	8h	1,622.7	−0.038%	$79K	$216K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,621.8	−0.093%	$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	+0.071%	$222K	$155K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,675.8	+3.235%	$2.7M	$6.1M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,621.8	−0.092%	$136K	$717K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,627.8	+0.279%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,622.3	−0.063%	$22.9M	$18.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,622.4	−0.056%	$13.1M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,626.2	+0.176%	$377K	$69K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,623.9	+0.040%	$2.6M	$761K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,624.7	+0.089%	$2K	$137K	10x	as long as short
BloFin OPENAI-USDT	+0.0059%	8h	1,629.3	+0.367%	$477K	$280K	20x	as long as short
Entropy io:OAI	+0.0098%	1h	1,670.8	+2.926%	$7.4M	$2.1M	6x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,621.9	−0.087%	—	—	10x	as long as short