Settings8H · net · $10k
Funding arb · Price arb /

OPENAI

RWAall OPENAI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment $0.50 per $10,000 · paid last 24h −0.015%
Price spread now: SunX against Aster−0.284%46s7-day average −0.166% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.105%−$11 on $10k
Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.284%, 7d avg −0.166%
Together, before fees−0.054%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SunX is 0.118% cheaper against Aster than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.166%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster OPENAIUSDT1,627.70.0050pay 0.0050% / 8h3h 52m$212K$3K20x
ShortSunX OPENAI-USDT1,623.10get 0.0000% / 8h3h 52m$2.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
−$10.5
Price spread: −0.284% → −0.166%
−$11.82
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee SunX: 4 bp × 2 orders
−$8
Net
−$38.32
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 64 min ago; SunX: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 64 min ago46.17 bp424.3 bp −$424doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 4 min ago500.45 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

OPENAI on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX OPENAI-USD−0.0001%1h1,621.4−0.389%$1.2M$557K10xas long as short
Lighter OPENAI0.0000%1h1,712.2+5.192%$1.4M$265K5xas long as short
Bybit OPENAIUSDT0.0000%8h1,663.5+2.197%$755K$207K25xas long as short
OKX OPENAI-USDT-SWAP0.0000%8h1,651.4+1.455%$5.1M$1.3M20xas long as short
Gate OPENAI_USDT0.0000%8h1,618.5−0.570%$52.4M$25.3M50xas long as short
Bitget OPENAIUSDT0.0000%8h1,623.3−0.269%$5.5M$5.0M20xas long as short
SunX OPENAI-USDTshort0.0000%8h1,623.1−0.284%$2.4M10x
Deribit OPENAI_USDC-PERPETUAL0.0000%1h1,622.8−0.302%$35xas long as short
HTX OPENAI-USDT0.0000%8h1,622.3−0.334%$79K$221K20xas long as short
Phemex OPENAIUSDT0.0000%8h1,621.7−0.368%$1.6M$543K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH OPENAI+0.0032%1h1,680.2+3.222%$2.7M$6.2M5xas long as short
Extended OPENAI-USD+0.0048%1h1,620.9−0.417%$141K$737K10xas long as short
Aster OPENAIUSDTlong+0.0050%8h1,627.7long leg$212K$3K20x
Binance OPENAIUSDT+0.0050%8h1,621.4−0.389%$22.9M$17.9M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,621.6−0.379%$13.0M$3.2M50xas long as short
KuCoin OPENAIUSDTM+0.0050%8h1,625.3−0.147%$375K$68K20xas long as short
Variational Omni OPENAI+0.0050%8h1,620.9−0.421%$2.6M$766Kas long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,621.9−0.360%$2K$153K10xas long as short
Coinbase International OPENAI-PERP-INTX+0.0056%1h1,622.7−0.306%$226K$161K5xas long as short
BloFin OPENAI-USDT+0.0065%8h1,622.3−0.334%$473K$286K20xas long as short
Aevo OPENAI-PERP+0.0104%1h1,621.6−0.379%10xas long as short
Entropy io:OAI+0.0163%1h1,674.2+2.855%$7.7M$2.3M6xas long as short