Funding arb · Price arb /

OPENAI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h —

Price spread now: KuCoin against Aevo+0.319%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 KuCoin

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. KuCoin is 0.319% dearer against Aevo than usual: you sell high and buy low (spread +0.319% now, against zero (this spread has no 7-day history yet)): +$32 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 20 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo OPENAI-PERP	1,622.5	0.0104	pay 0.0013% / 1h	46m 03s	—	—	10x
Short	KuCoin OPENAIUSDTM	1,627.7	0.0050	get 0.0050% / 8h	46m 03s	$376K	$64K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Aevo. 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 AevobpFee KuCoinbpOrdersPrice spread, now +0.319%Rate

Funding earned: −$11.34
Price spread: +0.319% → 0.000%: $31.86
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$7.48
Costs to cover: 0.280%
Break-even: from the start

Slippage unknown: Aevo: no order-book sample; KuCoin: live order book, 16 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 KuCoin live order book, 16 min ago	6.67 bp	460.4 bp −$460	doesn't fit	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	−0.0168%	1h	1,625.4	+0.174%	$236K	$143K	5x	as long as short
QFEX OPENAI-USD	−0.0010%	1h	1,622.7	+0.009%	$1.2M	$387K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,702.1	+4.902%	$1.4M	$286K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,668.7	+2.844%	$764K	$222K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,653.6	+1.914%	$5.1M	$1.4M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,620.3	−0.139%	$52.7M	$39.4M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,623.4	+0.055%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,623.5	+0.059%	—	$2.6M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,623.3	+0.045%	$79K	$213K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,622.8	+0.014%	$1.6M	$561K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin OPENAI-USDT	+0.0028%	8h	1,623	+0.028%	$471K	$275K	20x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,674.6	+3.211%	$2.6M	$6.2M	5x	as long as short
Deribit OPENAI_USDC-PERPETUAL	+0.0035%	1h	1,624.7	+0.135%	—	$3	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,622.4	−0.008%	$131K	$667K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,627.7	+0.319%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,622.7	+0.010%	$23.1M	$18.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,623.2	+0.039%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTMshort	+0.0050%	8h	1,627.7	+0.319%	$376K	$64K	20x
Variational Omni OPENAI	+0.0050%	8h	1,622.3	−0.012%	$2.6M	$753K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,621.3	−0.077%	$2K	$142K	10x	as long as short
Aevo OPENAI-PERPlong	+0.0104%	1h	1,622.5	long leg	—	—	10x
Entropy io:OAI	+0.0214%	1h	1,664.1	+2.561%	$7.3M	$2.2M	6x	as long as short