Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.05 per $10,000 · paid last 24h —

Price spread now: Aevo against Entropy−3.157%7-day average — · you buy dearer than you sell

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

Long on Entropy 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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aevo is 3.157% cheaper against Entropy than usual: you would sell low and buy high (−$316 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:OAI	1,666.4	0.0145	pay 0.0018% / 1h	52m 47s	$7.6M	$2.3M	6x
Short	Aevo OPENAI-PERP	1,613.8	0.0104	get 0.0013% / 1h	52m 47s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Entropy. 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 EntropybpFee AevobpOrdersPrice spread, now −3.157%Rate

Funding earned: −$8.63
Price spread: −3.157% → 0.000%: −$315.65
Slippage, 4 orders: no order book: not counted
Fee Entropy: 9 bp × 2 orders: −$18
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$358.28
Costs to cover: 0.340%
Break-even: never at this rate

Slippage unknown: Entropy: live order book, 4 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 Entropy live order book, 4 min ago	0.30 bp	doesn't fit	doesn't fit	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
QFEX OPENAI-USD	−0.0005%	1h	1,614.1	−3.142%	$1.2M	$595K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,706.4	+2.400%	$1.4M	$260K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,658.5	−0.474%	$753K	$205K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,646.5	−1.194%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,611.9	−3.272%	$52.2M	$19.6M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,617.1	−2.957%	$5.4M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,616.7	−2.982%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,614.6	−3.107%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,614.5	−3.115%	$79K	$221K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,613.9	−3.148%	$1.6M	$530K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International OPENAI-PERP-INTX	+0.0016%	1h	1,615.4	−3.060%	$225K	$160K	5x	as long as short
BloFin OPENAI-USDT	+0.0023%	8h	1,614.3	−3.124%	$473K	$286K	20x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,673.8	+0.445%	$2.6M	$6.1M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,613.7	−3.162%	$142K	$895K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,617.1	−2.957%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,614.1	−3.136%	$22.8M	$17.4M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,615.2	−3.075%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,620	−2.784%	$373K	$69K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,614.4	−3.120%	$2.6M	$766K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,614.8	−3.099%	$2K	$162K	10x	as long as short
Aevo OPENAI-PERPshort	+0.0104%	1h	1,613.8	−3.157%	—	—	10x
Entropy io:OAIlong	+0.0145%	1h	1,666.4	long leg	$7.6M	$2.3M	6x