Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0025%/8h= −2.7% APRpaid last 24h —

Price spread now: BloFin against Aevo+0.080%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. BloFin is 0.080% dearer against Aevo than usual: you sell high and buy low (spread +0.080% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo OPENAI-PERP	1,622.8	0.0104	pay 0.0013% / 1h	10m 32s	—	—	10x
Short	BloFin OPENAI-USDT	1,624.1	0.0079	get 0.0079% / 8h	5h 10m	$478K	$277K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 AevobpFee BloFinbpOrdersPrice spread, now +0.080%Rate

Funding earned: −$5.17
Price spread: +0.080% → 0.000%: $7.99
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$25.18
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; BloFin: live order book, 30 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 Aevo no order-book sample	—	—	—	—	—
Sell BloFin live order book, 30 min ago	1.14 bp	11.3 bp −$11	13.9 bp −$139	doesn't fit	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Coinbase International OPENAI-PERP-INTX	−0.0104%	1h	1,625.2	+0.146%	$225K	$160K	5x	as long as short
Lighter OPENAI	0.0000%	1h	1,708.2	+5.259%	$1.4M	$269K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,663.5	+2.503%	$757K	$206K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,651.4	+1.761%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,620.1	−0.166%	$52.4M	$28.8M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,624.7	+0.113%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,623.9	+0.066%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,622.2	−0.036%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,623.8	+0.057%	$79K	$217K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,623.2	+0.023%	$1.6M	$545K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX OPENAI-USD	0.0000%	1h	1,623.1	+0.014%	$1.2M	$486K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,675.6	+3.250%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,622.7	−0.005%	$141K	$737K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,628.6	+0.355%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,623.2	+0.021%	$22.9M	$17.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,623.1	+0.014%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,624.6	+0.108%	$374K	$70K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,622.9	+0.003%	$2.6M	$759K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,623.6	+0.045%	$2K	$143K	10x	as long as short
BloFin OPENAI-USDTshort	+0.0079%	8h	1,624.1	+0.080%	$478K	$277K	20x
Aevo OPENAI-PERPlong	+0.0104%	1h	1,622.8	long leg	—	—	10x
Entropy io:OAI	+0.0148%	1h	1,667.1	+2.728%	$7.4M	$2.1M	6x	as long as short