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 Bybit−2.437%7-day average −2.937% · you buy dearer than you sell

Net, funding: paid 7d − costs−$187as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1681.683% of the position

Long on Bybit 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 4 days (all we have)−0.567%−$57 · spread now −2.437%, 7d avg −2.937%

Together, before fees−0.756%−$76 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 0.500% dearer against Bybit than usual: you sell high and buy low, +$50 on $10k if it goes back to its 7-day average of −2.937%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit OPENAIUSDT	1,659.6	0	get 0.0000% / 8h	2h 03m	$753K	$205K	25x
Short	HTX OPENAI-USDT	1,619.2	0	get 0.0000% / 8h	2h 03m	$79K	$226K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −2.437%Rate

Funding earned: $0
Price spread: −2.437% → −2.937%: $50.04
Slippage, 4 orders: −$145.26
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$118.21
Costs to cover: 1.683%
Break-even: never at this rate

Slippage from Bybit: live order book, 42 min ago; HTX: live order book, 43 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 Bybit live order book, 42 min ago	15.35 bp	33.5 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 43 min ago	3.50 bp	19.0 bp −$19	63.6 bp −$636	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
QFEX OPENAI-USD	−0.0005%	1h	1,618.6	−2.473%	$1.2M	$612K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,711.7	+3.140%	$1.4M	$265K	5x	as long as short
Bybit OPENAIUSDTlong	0.0000%	8h	1,659.6	long leg	$753K	$205K	25x
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,648.2	−0.689%	$5.1M	$1.4M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,615.2	−2.675%	$52.3M	$19.7M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,619.1	−2.440%	$5.4M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,618.9	−2.454%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,619.1	−2.440%	—	$3	5x	as long as short
HTX OPENAI-USDTshort	0.0000%	8h	1,619.2	−2.437%	$79K	$226K	20x
Phemex OPENAIUSDT	0.0000%	8h	1,618.8	−2.458%	$1.6M	$520K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International OPENAI-PERP-INTX	+0.0016%	1h	1,622.8	−2.219%	$226K	$162K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,678.3	+1.126%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,618.4	−2.482%	$141K	$896K	10x	as long as short
BloFin OPENAI-USDT	+0.0049%	8h	1,619.6	−2.411%	$469K	$290K	20x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,622.6	−2.233%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,618.9	−2.453%	$22.8M	$17.4M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,618.7	−2.464%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,620.1	−2.381%	$372K	$71K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,619.1	−2.445%	$2.6M	$759K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,618.4	−2.485%	$2K	$171K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,618.1	−2.500%	—	—	10x	as long as short
Entropy io:OAI	+0.0165%	1h	1,669.5	+0.595%	$7.6M	$2.3M	6x	as long as short