Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0027%/8h= +2.9% APRnext payment +$0.03 per $10,000 · paid last 24h —

Price spread now: Aevo against Deribit−0.032%7-day average — · you buy dearer than you sell

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

Long on Deribit 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 0.032% cheaper against Deribit than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 3.9 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit OPENAI_USDC-PERPETUAL	1,635.8	0.0077	pay 0.0010% / 1h	28m 44s	$3K	$3K	5x
Short	Aevo OPENAI-PERP	1,635.3	0.0104	get 0.0013% / 1h	28m 44s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Deribit. 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 DeribitbpFee AevobpOrdersPrice spread, now −0.032%Rate

Funding earned: $5.65
Price spread: −0.032% → 0.000%: −$3.16
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$20.51
Costs to cover: 0.230%
Break-even: 32.4 days

Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Deribit and 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 exchanges

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	−0.0003%	1h	1,635	−0.050%	$1.2M	$655K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,715.8	+4.892%	$1.4M	$275K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,674.9	+2.388%	$718K	$289K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,663.6	+1.700%	$5.1M	$1.2M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,633.7	−0.130%	$49.5M	$15.9M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,636.8	+0.059%	$5.4M	$3.5M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,635.7	−0.006%	—	$1.7M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,635.2	−0.035%	$80K	$160K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,636.1	+0.016%	$1.6M	$505K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,684.3	+2.966%	$2.8M	$6.3M	5x	as long as short

Show all 22 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended OPENAI-USD	+0.0048%	1h	1,634.8	−0.062%	$142K	$815K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,637.8	+0.123%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,635.3	−0.029%	$23.1M	$17.4M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,634.8	−0.064%	$6.7M	$2.5M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,641.1	+0.326%	$380K	$248K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,634.7	−0.067%	$2.6M	$770K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,634.6	−0.070%	$2K	$169K	10x	as long as short
BloFin OPENAI-USDT	+0.0050%	8h	1,635.7	−0.006%	$486K	$323K	20x	as long as short
Deribit OPENAI_USDC-PERPETUALlong	+0.0077%	1h	1,635.8	long leg	$3K	$3K	5x
Aevo OPENAI-PERPshort	+0.0104%	1h	1,635.3	−0.032%	—	—	10x
Entropy io:OAI	+0.0161%	1h	1,674.1	+2.342%	$7.6M	$2.4M	6x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.0712%	1h	1,641.5	+0.347%	$231K	$176K	5x	as long as short