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: SunX against Bybit−2.549%7-day average −2.975% · you buy dearer than you sell

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

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.431%−$43 · spread now −2.549%, 7d avg −2.975%

Together, before fees−0.431%−$43 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: SunX is 0.426% dearer against Bybit than usual: you sell high and buy low, +$43 on $10k if it goes back to its 7-day average of −2.975%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit OPENAIUSDT	1,671.5	0	get 0.0000% / 8h	7h 31m	$769K	$207K	25x
Short	SunX OPENAI-USDT	1,628.9	0	get 0.0000% / 8h	7h 31m	—	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −2.549%Rate

Funding earned: $0
Price spread: −2.549% → −2.975%: $42.56
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: $23.56
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Bybit: live order book, 39 min ago; SunX: live order book, 6 min ago. 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, 39 min ago	12.60 bp	52.3 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	500.14 bp	doesn't fit	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	1,628.4	−2.580%	$228K	$146K	5x	as long as short
QFEX OPENAI-USD	0.0000%	1h	1,628.2	−2.591%	$1.2M	$415K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,710	+2.302%	$1.4M	$283K	5x	as long as short
Bybit OPENAIUSDTlong	0.0000%	8h	1,671.5	long leg	$769K	$207K	25x
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,660.2	−0.677%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,626.1	−2.716%	$52.6M	$39.2M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,629.2	−2.533%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDTshort	0.0000%	8h	1,628.9	−2.549%	—	$2.6M	10x
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,627.9	−2.608%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,628.1	−2.595%	$79K	$214K	20x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex OPENAIUSDT	0.0000%	8h	1,628.2	−2.590%	$1.6M	$560K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,681.9	+0.623%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,628.1	−2.596%	$133K	$951K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,635.2	−2.170%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,628.7	−2.563%	$23.1M	$18.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,629.1	−2.540%	$13.1M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,637.1	−2.059%	$379K	$65K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,628.8	−2.555%	$2.6M	$753K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,627.6	−2.627%	$2K	$138K	10x	as long as short
BloFin OPENAI-USDT	+0.0061%	8h	1,628.7	−2.561%	$475K	$278K	20x	as long as short
Entropy io:OAI	+0.0088%	1h	1,674.1	+0.155%	$7.4M	$2.2M	6x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,628.4	−2.577%	—	—	10x	as long as short