Funding arb · Price arb /

OPENAI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Aster−0.306%7-day average −0.121% · you buy dearer than you sell

Net, funding: paid 7d − costs−$461as in the Funding arb table

Net, price: spread back to 7d avg − costs−$480as in the Price arb table

costs, in and out, $10k−$4614.610% of the position

Long on Aster Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.308%+$31 · spread now −0.306%, 7d avg −0.121%

Together, before fees+0.308%+ Points / potential airdropAster: Stage 5 · farm board+$31 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.185% cheaper against Aster than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.121%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster OPENAIUSDT	1,628.6	0.0050	pay 0.0050% / 8h	42m 51s	$212K	$3K	20x
Short	MEXC OPENAI_USDT	1,623.7	0.0050	get 0.0050% / 8h	42m 51s	$13.0M	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.306%Rate

Funding earned: $0
Price spread: −0.306% → −0.121%: −$18.53
Slippage, 4 orders: −$453.03
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$479.56
Costs to cover: 4.610%
Break-even: never at this rate

Slippage from Aster: live order book, 34 min ago; MEXC: live order book, just now.

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, 34 min ago	58.23 bp	360.3 bp −$360	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, just now	1.39 bp	3.4 bp −$3	18.6 bp −$186	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
Coinbase International OPENAI-PERP-INTX	−0.0168%	1h	1,625.7	−0.182%	$236K	$143K	5x	as long as short
QFEX OPENAI-USD	−0.0010%	1h	1,623.5	−0.314%	$1.2M	$387K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,702.8	+4.552%	$1.4M	$286K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,669.6	+2.513%	$764K	$222K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,654.4	+1.582%	$5.1M	$1.4M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,620.4	−0.505%	$52.7M	$39.4M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,624.4	−0.264%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,623.8	−0.297%	—	$2.6M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,624.2	−0.273%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,623.7	−0.303%	$79K	$213K	20x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex OPENAIUSDT	0.0000%	8h	1,622.9	−0.351%	$1.6M	$560K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,675.4	+2.868%	$2.6M	$6.2M	5x	as long as short
BloFin OPENAI-USDT	+0.0041%	8h	1,623.5	−0.318%	$470K	$276K	20x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,623.4	−0.324%	$131K	$667K	10x	as long as short
Aster OPENAIUSDTlong	+0.0050%	8h	1,628.6	long leg	$212K	$3K	20x
Binance OPENAIUSDT	+0.0050%	8h	1,623.7	−0.304%	$23.1M	$18.9M	20x	as long as short
MEXC OPENAI_USDTshort	+0.0050%	8h	1,623.7	−0.306%	$13.0M	$3.1M	50x
KuCoin OPENAIUSDTM	+0.0050%	8h	1,627.7	−0.057%	$376K	$64K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,623	−0.344%	$2.6M	$753K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622	−0.410%	$2K	$141K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,623.4	−0.319%	—	—	10x	as long as short
Entropy io:OAI	+0.0227%	1h	1,665	+2.232%	$7.4M	$2.2M	6x	as long as short