Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0128%/8h= +14.0% APRnext payment +$0.16 per $10,000 · paid last 24h —

Price spread now: Aevo against Coinbase International−0.120%7-day average — · you buy dearer than you sell

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

Long on Coinbase International 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 0.120% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.120% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 3.1 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International OPENAI-PERP-INTX	1,623.9	−0.0024	get 0.0003% / 1h	42m 34s	$226K	$159K	5x
Short	Aevo OPENAI-PERP	1,621.9	0.0104	get 0.0013% / 1h	42m 34s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee AevobpOrdersPrice spread, now −0.120%Rate

Funding earned: $26.88
Price spread: −0.120% → 0.000%: −$12.01
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$11.13
Costs to cover: 0.260%
Break-even: 9.9 days

Slippage unknown: Coinbase International: live order book, 15 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 Coinbase International live order book, 15 min ago	11.10 bp	16.2 bp −$16	53.8 bp −$538	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
Coinbase International OPENAI-PERP-INTXlong	−0.0024%	1h	1,623.9	long leg	$226K	$159K	5x
QFEX OPENAI-USD	−0.0004%	1h	1,622.7	−0.071%	$1.2M	$533K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,709.1	+5.249%	$1.4M	$265K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,662.1	+2.356%	$758K	$206K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,649.8	+1.598%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,619.6	−0.261%	$52.4M	$28.1M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,624.2	+0.019%	$5.5M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,624.5	+0.040%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,621.3	−0.155%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,622.8	−0.064%	$79K	$217K	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	1,622.9	−0.057%	$1.6M	$545K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,676.4	+3.239%	$2.7M	$6.2M	5x	as long as short
BloFin OPENAI-USDT	+0.0038%	8h	1,621	−0.179%	$475K	$279K	20x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,622.1	−0.106%	$144K	$736K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,630.7	+0.423%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,622.6	−0.075%	$22.9M	$17.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,622.9	−0.056%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,625.7	+0.114%	$375K	$69K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,621.7	−0.134%	$2.6M	$763K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,620.8	−0.191%	$3K	$146K	10x	as long as short
Aevo OPENAI-PERPshort	+0.0104%	1h	1,621.9	−0.120%	—	—	10x
Entropy io:OAI	+0.0155%	1h	1,667.8	+2.707%	$7.6M	$2.3M	6x	as long as short