Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.001%

Price spread now: MEXC against Extended+0.014%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$720.716% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now +0.014%, 7d avg +0.036%

Together, before fees+0.052%+ Points / potential airdropExtended: Active · farm board+$5 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: MEXC is 0.022% cheaper against Extended than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended OPENAI-USD	1,623	0.0048	pay 0.0006% / 1h	18m 16s	$144K	$736K	10x
Short	MEXC OPENAI_USDT	1,623.2	0.0050	get 0.0050% / 8h	4h 18m	$13.0M	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0.42
Price spread: +0.014% → +0.036%: −$2.17
Slippage, 4 orders: −$66.6
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 0 bp × 2 orders: $0
Net: −$73.35
Costs to cover: 0.716%
Break-even: 1229.5 days

Slippage from Extended: live order book, 40 min ago; MEXC: live order book, just now.

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, 40 min ago	4.94 bp	37.0 bp −$37	257.8 bp −$2,578	doesn't fit	doesn't fit
Sell MEXC live order book, just now	0.03 bp	1.7 bp −$2	19.5 bp −$195	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	−0.0024%	1h	1,624.9	+0.121%	$226K	$161K	5x	as long as short
QFEX OPENAI-USD	−0.0004%	1h	1,623.2	+0.016%	$1.2M	$548K	10x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,664	+2.527%	$755K	$207K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,652	+1.789%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,619.9	−0.188%	$52.4M	$28.1M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,624.2	+0.074%	$5.5M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,624.3	+0.082%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,623.7	+0.047%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,624.9	+0.121%	$79K	$219K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,623.4	+0.027%	$1.6M	$546K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter OPENAI	+0.0008%	1h	1,714.1	+5.615%	$1.4M	$266K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,681.4	+3.600%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USDlong	+0.0048%	1h	1,623	long leg	$144K	$736K	10x
Aster OPENAIUSDT	+0.0050%	8h	1,629.1	+0.379%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,623.3	+0.024%	$22.9M	$17.9M	20x	as long as short
MEXC OPENAI_USDTshort	+0.0050%	8h	1,623.2	+0.014%	$13.0M	$3.2M	50x
KuCoin OPENAIUSDTM	+0.0050%	8h	1,625.3	+0.146%	$375K	$70K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,623.7	+0.042%	$2.6M	$766K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,624.1	+0.070%	$2K	$149K	10x	as long as short
BloFin OPENAI-USDT	+0.0080%	8h	1,623.7	+0.045%	$474K	$284K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,623	+0.003%	—	—	10x	as long as short
Entropy io:OAI	+0.0254%	1h	1,675.7	+3.249%	$7.7M	$2.3M	6x	as long as short