Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.188%

Price spread now: HTX against Bitget−0.079%46s7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$790.793% of the position

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.188%−$19 on $10k

Price spread, last 3 days (all we have)+0.092%+$9 · spread now −0.079%, 7d avg +0.004%

Together, before fees−0.097%−$10 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: HTX is 0.083% cheaper against Bitget than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.004%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget OPENAIUSDT	1,623.9	0	get 0.0000% / 8h	5h 58m	$5.5M	$5.1M	20x
Short	HTX OPENAI-USDT	1,622.6	0	get 0.0000% / 8h	5h 58m	$79K	$216K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.079%Rate

Funding earned: $0
Price spread: −0.079% → +0.004%: −$8.32
Slippage, 4 orders: −$55.29
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$87.62
Costs to cover: 0.793%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; HTX: live order book, 3 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, 5 min ago	1.60 bp	22.6 bp −$23	32.2 bp −$322	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	3.11 bp	17.7 bp −$18	32.8 bp −$328	doesn't fit	doesn't fit

OPENAI on 21 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	−0.0104%	1h	1,623.3	−0.038%	$224K	$158K	5x	as long as short
Lighter OPENAI	0.0000%	1h	1,708.3	+5.200%	$1.4M	$268K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,666.2	+2.608%	$764K	$203K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,650.5	+1.640%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,619.3	−0.283%	$52.4M	$28.7M	50x	as long as short
Bitget OPENAIUSDTlong	0.0000%	8h	1,623.9	long leg	$5.5M	$5.1M	20x
SunX OPENAI-USDT	0.0000%	8h	1,623.7	−0.010%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,622.5	−0.082%	—	$3	5x	as long as short
HTX OPENAI-USDTshort	0.0000%	8h	1,622.6	−0.079%	$79K	$216K	20x
Phemex OPENAIUSDT	0.0000%	8h	1,622	−0.115%	$1.6M	$549K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX OPENAI-USD	0.0000%	1h	1,622.1	−0.109%	$1.2M	$435K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,674.4	+3.109%	$2.7M	$6.1M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,621.5	−0.148%	$131K	$720K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,627.6	+0.228%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,622.1	−0.110%	$22.9M	$18.0M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,622.6	−0.081%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,621.9	−0.121%	$373K	$71K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,622.8	−0.066%	$2.6M	$762K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622	−0.118%	$2K	$138K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,621.4	−0.152%	—	—	10x	as long as short
Entropy io:OAI	+0.0118%	1h	1,668.4	+2.742%	$7.4M	$2.1M	6x	as long as short