OPENAI Funding Rate — perpetuals across 9 venues
TradFi perpetual · compared across 9 venues · net of estimated fees · updated every few minutesOPENAI is a pre-IPO perpetual referencing OPENAI — a private company, not a public share. Read the funding together with liquidity and the backtest below.
Live annualized OPENAI perpetual funding across all 9 venues Perpia tracks. Right now OPENAI funding is positive on 5 and negative on 1, ranging from +5.5% on MEXC to -0.9% on Lighter — a spread of 6.4%. The widest delta-neutral trade is long Lighter / short MEXC at 5.3% net APR.
OPENAI funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
Loading OPENAI rate history…
Build a route
any two of the 9 venuesThis is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.
Venues: pick the two legs
sorted by rate · 9 venuesRates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Lighter vs MEXC page. 20 pairs scanned for OPENAI.
OPENAI arbitrage — 30-day backtest
long Lighter · short MEXCOver the last 30 days, holding long Lighter / short MEXC would have produced 2.9% APR — versus the 5.3% the live spread implies right now (equity $10,000 → $10,024). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.
Open full interactive backtest →OPENAI — FAQ
Is OPENAI funding positive right now?
OPENAI perpetual funding is positive on 5 of 9 venues Perpia tracks and negative on 1. The highest is +5.5% on MEXC; the lowest is -0.9% on Lighter.
What is the best OPENAI funding arbitrage right now?
Go long Lighter and short MEXC for about 5.3% net APR after fees — the widest delta-neutral OPENAI spread Perpia currently sees.
Which exchange has the highest OPENAI funding rate?
MEXC, at +5.5% annualized. Funding shifts continuously, so check the live table above before trading.
How OPENAI funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to OPENAI
also quoted on both Lighter and MEXCThe same two exchanges you would already have funded for the OPENAI trade. Every spread between them is on the Lighter vs MEXC page.