Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

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: Gate against Bitget−0.214%7-day average −0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$970.971% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.057%−$6 · spread now −0.214%, 7d avg −0.104%

Together, before fees−0.057%−$6 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: Gate is 0.111% cheaper against Bitget than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.104%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget OPENAIUSDT	1,623.1	0	get 0.0000% / 8h	55m 08s	$5.5M	$5.1M	20x
Short	Gate OPENAI_USDT	1,619.6	0	get 0.0000% / 8h	55m 08s	$52.6M	$39.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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 BitgetbpFee GatebpOrdersPrice spread, now −0.214%Rate

Funding earned: $0
Price spread: −0.214% → −0.104%: −$11.09
Slippage, 4 orders: −$70.09
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$108.18
Costs to cover: 0.971%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Gate: live order book, 4 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 Bitget live order book, 3 min ago	1.05 bp	16.8 bp −$17	25.1 bp −$251	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.81 bp	24.1 bp −$24	322.5 bp −$3,225	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	1,623.6	+0.032%	$236K	$142K	5x	as long as short
QFEX OPENAI-USD	−0.0010%	1h	1,621.9	−0.070%	$1.2M	$387K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,698.8	+4.665%	$1.4M	$286K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,669.2	+2.843%	$764K	$223K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,652.3	+1.802%	$5.1M	$1.4M	20x	as long as short
Gate OPENAI_USDTshort	0.0000%	8h	1,619.6	−0.214%	$52.6M	$39.4M	50x
Bitget OPENAIUSDTlong	0.0000%	8h	1,623.1	long leg	$5.5M	$5.1M	20x
SunX OPENAI-USDT	0.0000%	8h	1,622.5	−0.035%	—	$2.6M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,621.8	−0.079%	$79K	$213K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,622	−0.064%	$1.6M	$563K	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	+0.0023%	8h	1,621.7	−0.082%	$471K	$275K	20x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,671	+2.955%	$2.6M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,621.5	−0.099%	$131K	$667K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,627.8	+0.294%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,621.9	−0.070%	$23.1M	$18.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,622.4	−0.038%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,627.7	+0.286%	$376K	$65K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,621.2	−0.114%	$2.6M	$753K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,619.6	−0.214%	$2K	$147K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,622.1	−0.061%	—	—	10x	as long as short
Entropy io:OAI	+0.0177%	1h	1,661.8	+2.387%	$7.3M	$2.2M	6x	as long as short
Deribit OPENAI_USDC-PERPETUAL	+0.0430%	1h	1,624.4	+0.084%	—	$3	5x	as long as short