Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h −0.009%

Price spread now: GRVT against Extended−0.085%7-day average +0.018% · you buy dearer than you sell

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

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 3 days (all we have)+0.073%+$7 · spread now −0.085%, 7d avg +0.018%

Together, before fees+0.067%+ Points / potential airdropExtended: Active · GRVT: Active · farm board+$7 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: GRVT is 0.102% cheaper against Extended than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended OPENAI-USD	1,623.3	0.0048	pay 0.0006% / 1h	43m 16s	$131K	$667K	10x
Short	GRVT OPENAI_USDT_Perp	1,622	0.0050	get 0.0050% / 8h	43m 16s	$2K	$141K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Extended. 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 ExtendedbpFee GRVTbpOrdersPrice spread, now −0.085%Rate

Funding earned: $0.42
Price spread: −0.085% → +0.018%: −$10.23
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$23.81
Costs to cover: 0.140%
Break-even: 403.9 days

Slippage unknown: Extended: live order book, 35 min ago; GRVT: live order book, 33 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 Extended live order book, 35 min ago	3.40 bp	40.5 bp −$41	270.8 bp −$2,708	doesn't fit	doesn't fit
Sell GRVT live order book, 33 min ago	3.61 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	−0.0168%	1h	1,625.7	+0.144%	$236K	$143K	5x	as long as short
QFEX OPENAI-USD	−0.0010%	1h	1,623.5	+0.012%	$1.2M	$387K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,702.8	+4.894%	$1.4M	$286K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,669.6	+2.848%	$764K	$222K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,654.4	+1.913%	$5.1M	$1.4M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,620.5	−0.172%	$52.7M	$39.4M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,623.9	+0.034%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,623.8	+0.028%	—	$2.6M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,624.2	+0.052%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,623.7	+0.022%	$79K	$213K	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	−0.026%	$1.6M	$560K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,675.4	+3.204%	$2.6M	$6.2M	5x	as long as short
BloFin OPENAI-USDT	+0.0041%	8h	1,623.5	+0.008%	$470K	$276K	20x	as long as short
Extended OPENAI-USDlong	+0.0048%	1h	1,623.3	long leg	$131K	$667K	10x
Aster OPENAIUSDT	+0.0050%	8h	1,628.6	+0.325%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,623.6	+0.017%	$23.1M	$18.8M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,623.1	−0.014%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,627.7	+0.269%	$376K	$64K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,623	−0.019%	$2.6M	$753K	—	as long as short
GRVT OPENAI_USDT_Perpshort	+0.0050%	8h	1,622	−0.085%	$2K	$141K	10x
Aevo OPENAI-PERP	+0.0104%	1h	1,623.4	+0.007%	—	—	10x	as long as short
Entropy io:OAI	+0.0227%	1h	1,665	+2.566%	$7.4M	$2.2M	6x	as long as short