Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h —

Price spread now: Phemex against Aevo−0.001%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Phemex

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo OPENAI-PERP	1,628.3	0.0104	pay 0.0013% / 1h	22m 00s	—	—	10x
Short	Phemex OPENAIUSDT	1,628.3	0	get 0.0000% / 8h	22m 00s	$1.6M	$558K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$21.84
Price spread: −0.001% → 0.000%: −$0.13
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$49.97
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Phemex: live order book, 1 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 Phemex live order book, 1 min ago	5.53 bp	70.3 bp −$70	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	1,628.7	+0.026%	$236K	$147K	5x	as long as short
QFEX OPENAI-USD	−0.0010%	1h	1,628.5	+0.016%	$1.2M	$387K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,708.9	+4.950%	$1.4M	$287K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,675.7	+2.910%	$771K	$217K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,660.8	+1.998%	$5.1M	$1.4M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,626	−0.138%	$52.6M	$39.6M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,630.9	+0.163%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,629.4	+0.069%	—	$2.6M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,629.1	+0.048%	$79K	$213K	20x	as long as short
Phemex OPENAIUSDTshort	0.0000%	8h	1,628.3	−0.001%	$1.6M	$558K	10x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH OPENAI	+0.0032%	1h	1,681.5	+3.271%	$2.6M	$6.3M	5x	as long as short
BloFin OPENAI-USDT	+0.0041%	8h	1,628.6	+0.017%	$474K	$277K	20x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,628.3	+0.002%	$131K	$667K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,633.5	+0.319%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,628.6	+0.021%	$23.2M	$18.8M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,628.8	+0.033%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,630.4	+0.132%	$376K	$63K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,628.4	+0.008%	$2.6M	$751K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,626.8	−0.092%	$2K	$140K	10x	as long as short
Aevo OPENAI-PERPlong	+0.0104%	1h	1,628.3	long leg	—	—	10x
Entropy io:OAI	+0.0256%	1h	1,671.8	+2.673%	$7.4M	$2.2M	6x	as long as short
Deribit OPENAI_USDC-PERPETUAL	+0.0536%	1h	1,630.2	+0.115%	—	$3	5x	as long as short