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

OPENAI

RWAall OPENAI markets
SwapBacktest
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: OKX against Bitget+1.874%7-day average +2.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1401.396% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days+0.318%+$32 · spread now +1.874%, 7d avg +2.086%
Together, before fees+0.318%+$32 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: OKX is 0.212% cheaper against Bitget than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +2.086%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget OPENAIUSDT1,621.50get 0.0000% / 8h1h 27m$5.5M$5.1M20x
ShortOKX OPENAI-USDT-SWAP1,651.90get 0.0000% / 8h1h 27m$5.1M$1.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$0
Price spread: +1.874% → +2.086%
−$21.22
Slippage, 4 orders
−$117.65
Fee Bitget: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$160.87
Costs to cover
1.396%
Break-even
never at this rate
Slippage from Bitget: live order book, 6 min ago; OKX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 6 min ago2.84 bp52.6 bp −$5364.2 bp −$642doesn't fitdoesn't fit
Sell OKX live order book, 5 min ago2.12 bp34.2 bp −$34doesn'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−0.0005%1h1,620.5−0.065%$1.2M$386K10xas long as short
Lighter OPENAI0.0000%1h1,694.2+4.485%$1.4M$291K5xas long as short
Bybit OPENAIUSDT0.0000%8h1,667.1+2.810%$762K$226K25xas long as short
OKX OPENAI-USDT-SWAPshort0.0000%8h1,651.9+1.874%$5.1M$1.4M20x
Gate OPENAI_USDT0.0000%8h1,617.5−0.250%$52.6M$40.7M50xas long as short
Bitget OPENAIUSDTlong0.0000%8h1,621.5long leg$5.5M$5.1M20x
SunX OPENAI-USDT0.0000%8h1,620.7−0.051%$2.6M10xas long as short
Deribit OPENAI_USDC-PERPETUAL0.0000%1h1,620.3−0.074%$35xas long as short
HTX OPENAI-USDT0.0000%8h1,619.1−0.152%$78K$213K20xas long as short
Phemex OPENAIUSDT0.0000%8h1,617.2−0.267%$1.6M$578K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin OPENAI-USDT+0.0026%8h1,618.5−0.187%$472K$294K20xas long as short
Lighter RH OPENAI+0.0032%1h1,665+2.683%$2.6M$6.3M5xas long as short
Extended OPENAI-USD+0.0048%1h1,618.4−0.191%$131K$670K10xas long as short
Aster OPENAIUSDT+0.0050%8h1,624.9+0.209%$212K$3K20xas long as short
Binance OPENAIUSDT+0.0050%8h1,620.7−0.054%$23.0M$20.5M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,619.7−0.110%$12.9M$3.1M50xas long as short
KuCoin OPENAIUSDTM+0.0050%8h1,636.1+0.900%$377K$64K20xas long as short
Variational Omni OPENAI+0.0050%8h1,618.6−0.180%$2.6M$757Kas long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,619.5−0.126%$2K$151K10xas long as short
Entropy io:OAI+0.0076%1h1,660.7+2.416%$7.3M$2.2M6xas long as short
Aevo OPENAI-PERP+0.0104%1h1,618.6−0.182%10xas long as short
Coinbase International OPENAI-PERP-INTX+0.0456%1h1,620.2−0.084%$235K$138K5xas long as short