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 0.000%

Price spread now: OKX against Bybit−0.720%7-day average −0.947% · you buy dearer than you sell

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1611.613% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.720%, 7d avg −0.947%

Together, before fees+0.040%+$4 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 0.227% dearer against Bybit than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.947%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit OPENAIUSDT	1,664	0	get 0.0000% / 8h	4h 18m	$755K	$207K	25x
Short	OKX OPENAI-USDT-SWAP	1,652	0	get 0.0000% / 8h	4h 18m	$5.1M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.720%Rate

Funding earned: $0
Price spread: −0.720% → −0.947%: $22.75
Slippage, 4 orders: −$140.35
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$138.6
Costs to cover: 1.613%
Break-even: never at this rate

Slippage from Bybit: live order book, 37 min ago; OKX: 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 Bybit live order book, 37 min ago	11.36 bp	18.7 bp −$19	232.1 bp −$2,321	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	2.12 bp	45.4 bp −$45	doesn't fit	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	−0.0024%	1h	1,624.9	−2.347%	$226K	$161K	5x	as long as short
QFEX OPENAI-USD	−0.0004%	1h	1,623.2	−2.449%	$1.2M	$548K	10x	as long as short
Bybit OPENAIUSDTlong	0.0000%	8h	1,664	long leg	$755K	$207K	25x
OKX OPENAI-USDT-SWAPshort	0.0000%	8h	1,652	−0.720%	$5.1M	$1.3M	20x
Gate OPENAI_USDT	0.0000%	8h	1,619.9	−2.648%	$52.4M	$28.1M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,624.2	−2.392%	$5.5M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,624.3	−2.385%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,623.7	−2.419%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,624.9	−2.347%	$79K	$219K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,623.4	−2.439%	$1.6M	$546K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter OPENAI	+0.0008%	1h	1,714.1	+3.012%	$1.4M	$266K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,681.4	+1.046%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,623	−2.465%	$144K	$736K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,629.1	−2.095%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,623.3	−2.442%	$22.9M	$17.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,623.2	−2.451%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,625.3	−2.323%	$375K	$70K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,623.7	−2.423%	$2.6M	$766K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,624.1	−2.397%	$2K	$149K	10x	as long as short
BloFin OPENAI-USDT	+0.0080%	8h	1,623.7	−2.421%	$474K	$284K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,623	−2.462%	—	—	10x	as long as short
Entropy io:OAI	+0.0254%	1h	1,675.7	+0.704%	$7.7M	$2.3M	6x	as long as short