Settings8H · net · $10k
Funding arb · Price arb /

OPENAI

RWAall OPENAI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.0712%/8h= −78.0% APRpaid last 24h −0.216%
Price spread now: SunX against Coinbase International−0.226%7-day average −0.455% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.830%−$83 on $10k
Price spread, last 4 days (all we have)−1.073%−$107 · spread now −0.226%, 7d avg −0.455%
Together, before fees−1.903%−$190 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.229% dearer against Coinbase International than usual: you sell high and buy low (spread −0.226% now, against its 7-day average of −0.455%): +$23 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 26 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International OPENAI-PERP-INTX1,635.20.0712pay 0.0089% / 1h55m 22s$230K$176K5x
ShortSunX OPENAI-USDT1,631.50get 0.0000% / 8h5h 55m$1.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Coinbase International. 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

Funding earned
−$149.52
Price spread: −0.226% → −0.455%
$22.87
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$144.65
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: Coinbase International: live order book, 55 min ago; SunX: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 55 min ago20.80 bp31.4 bp −$3152.0 bp −$520doesn't fitdoesn't fit
Sell SunX live order book, 4 min ago500.32 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

OPENAI on 22 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX OPENAI-USD−0.0003%1h1,631.6−0.223%$1.2M$657K10xas long as short
Lighter OPENAI0.0000%1h1,712.3+4.717%$1.4M$274K5xas long as short
Bybit OPENAIUSDT0.0000%8h1,668.9+2.058%$731K$282K25xas long as short
OKX OPENAI-USDT-SWAP0.0000%8h1,660.1+1.523%$5.1M$1.2M20xas long as short
Gate OPENAI_USDT0.0000%8h1,630−0.317%$48.9M$14.9M50xas long as short
Bitget OPENAIUSDT0.0000%8h1,633.1−0.130%$5.4M$3.6M20xas long as short
SunX OPENAI-USDTshort0.0000%8h1,631.5−0.226%$1.7M10x
Deribit OPENAI_USDC-PERPETUAL0.0000%1h1,631.4−0.235%$3K$3K5xas long as short
HTX OPENAI-USDT0.0000%8h1,631−0.254%$79K$176K20xas long as short
Phemex OPENAIUSDT0.0000%8h1,631.5−0.227%$1.6M$502K10xas long as short
Show all 22 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin OPENAI-USDT+0.0031%8h1,630.7−0.275%$482K$318K20xas long as short
Lighter RH OPENAI+0.0032%1h1,679.7+2.723%$2.8M$6.2M5xas long as short
Extended OPENAI-USD+0.0048%1h1,631−0.256%$142K$814K10xas long as short
Aster OPENAIUSDT+0.0050%8h1,634.2−0.064%$213K$3K20xas long as short
Binance OPENAIUSDT+0.0050%8h1,631.6−0.220%$23.0M$17.2M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,631.9−0.199%$6.7M$2.4M50xas long as short
KuCoin OPENAIUSDTM+0.0050%8h1,635.5+0.018%$379K$220K20xas long as short
Variational Omni OPENAI+0.0050%8h1,631−0.258%$2.6M$770Kas long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,630.2−0.307%$2K$169K10xas long as short
Aevo OPENAI-PERP+0.0104%1h1,630.2−0.308%10xas long as short
Entropy io:OAI+0.0133%1h1,671.4+2.214%$7.6M$2.4M6xas long as short
Coinbase International OPENAI-PERP-INTXlong+0.0712%1h1,635.2long leg$230K$176K5x