Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0294%/8h= +32.2% APRpaid last 24h +0.200%

Price spread now: Coinbase International against Aster+0.085%7-day average +0.296% · you sell dearer than you buy

Net, funding: paid 7d − costs−$370as in the Funding arb table

Net, price: spread back to 7d avg − costs−$462as in the Price arb table

costs, in and out, $10k−$4414.411% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.712%+$71 on $10k

Price spread, last 4 days (all we have)+0.544%+$54 · spread now +0.085%, 7d avg +0.296%

Together, before fees+1.256%+ Points / potential airdropAster: Stage 5 · farm board+$126 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.210% cheaper against Aster than usual: you would sell low and buy high (spread +0.085% now, against its 7-day average of +0.296%). If the spread goes back, that is −$21 on $10k: about 2.4 days of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster OPENAIUSDT	1,629.5	0.0050	pay 0.0050% / 8h	7h 10m	$212K	$3K	20x
Short	Coinbase International OPENAI-PERP-INTX	1,630.9	0.0344	get 0.0043% / 1h	10m 37s	$232K	$174K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now +0.085%Rate

Funding earned: $61.74
Price spread: +0.085% → +0.296%: −$21.03
Slippage, 4 orders: −$423.06
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$400.35
Costs to cover: 4.411%
Break-even: 52.4 days

Slippage from Aster: live order book, 21 min ago; Coinbase International: live order book, 22 min ago.

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 Aster live order book, 21 min ago	30.21 bp	283.6 bp −$284	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 22 min ago	22.82 bp	34.9 bp −$35	53.6 bp −$536	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
QFEX OPENAI-USD	−0.0004%	1h	1,627.2	−0.142%	$1.2M	$643K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,709.6	+4.914%	$1.4M	$276K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,663.5	+2.080%	$732K	$285K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,652.8	+1.427%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,625	−0.282%	$46.6M	$11.4M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,628.2	−0.081%	$5.4M	$3.8M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,626.4	−0.193%	—	$2.1M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,625.4	−0.255%	$79K	$225K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,627.1	−0.153%	$1.6M	$497K	10x	as long as short
BloFin OPENAI-USDT	+0.0025%	8h	1,627.5	−0.123%	$475K	$305K	20x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH OPENAI	+0.0032%	1h	1,676.5	+2.881%	$2.7M	$6.3M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,626.6	−0.181%	$142K	$808K	10x	as long as short
Aster OPENAIUSDTlong	+0.0050%	8h	1,629.5	long leg	$212K	$3K	20x
Binance OPENAIUSDT	+0.0050%	8h	1,627.2	−0.143%	$23.0M	$16.3M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,626.6	−0.181%	$6.6M	$2.4M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,627.4	−0.132%	$376K	$133K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,627.2	−0.146%	$2.6M	$766K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,624.4	−0.315%	$3K	$173K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,625.9	−0.225%	—	—	10x	as long as short
Entropy io:OAI	+0.0139%	1h	1,666	+2.237%	$7.6M	$2.4M	6x	as long as short
Coinbase International OPENAI-PERP-INTXshort	+0.0344%	1h	1,630.9	+0.085%	$232K	$174K	5x
Deribit OPENAI_USDC-PERPETUAL	+0.0471%	1h	1,626.7	−0.173%	$3K	$3K	5x	as long as short