Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h —

Price spread now: Aevo against Bybit−2.900%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 2.900% cheaper against Bybit than usual: you would sell low and buy high (spread −2.900% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$290 on $10k: about 3 months of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit OPENAIUSDT	1,677	0	get 0.0000% / 8h	2h 09m	$762K	$225K	25x
Short	Aevo OPENAI-PERP	1,628.4	0.0104	get 0.0013% / 1h	9m 01s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now −2.900%Rate

Funding earned: $21.84
Price spread: −2.900% → 0.000%: −$290.03
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$295.19
Costs to cover: 0.270%
Break-even: 101.6 days

Slippage unknown: Bybit: live order book, 11 min ago; Aevo: no order-book sample. Net counts fees only.

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 Bybit live order book, 11 min ago	18.03 bp	71.3 bp −$71	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Lighter OPENAI	0.0000%	1h	1,699.2	+1.324%	$1.4M	$315K	5x	as long as short
Bybit OPENAIUSDTlong	0.0000%	8h	1,677	long leg	$762K	$225K	25x
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,661.7	−0.914%	$5.1M	$1.4M	20x	as long as short
QFEX OPENAI-USD	0.0000%	1h	1,629.1	−2.859%	$1.2M	$359K	10x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,625.4	−3.080%	$52.9M	$48.6M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,630.4	−2.783%	$5.5M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,630.5	−2.775%	—	$2.6M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,629.7	−2.825%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,629.5	−2.834%	$79K	$212K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,628.7	−2.885%	$1.6M	$584K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH OPENAI	+0.0032%	1h	1,665.3	−0.702%	$2.6M	$6.3M	5x	as long as short
Entropy io:OAI	+0.0039%	1h	1,662.3	−0.878%	$7.3M	$2.2M	6x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,628.6	−2.889%	$133K	$656K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,632.7	−2.645%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,628.6	−2.886%	$23.2M	$21.2M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,628.6	−2.885%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,640.2	−2.194%	$375K	$65K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,627.4	−2.957%	$2.6M	$755K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,626.9	−2.991%	$2K	$154K	10x	as long as short
BloFin OPENAI-USDT	+0.0055%	8h	1,629.2	−2.854%	$472K	$295K	20x	as long as short
Aevo OPENAI-PERPshort	+0.0104%	1h	1,628.4	−2.900%	—	—	10x
Coinbase International OPENAI-PERP-INTX	+0.1080%	1h	1,635.1	−2.501%	$238K	$106K	5x	as long as short