Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Gate+0.287%7-day average +0.103% · you sell dearer than you buy

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

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.133%−$13 · spread now +0.287%, 7d avg +0.103%

Together, before fees−0.133%−$13 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: Bitget is 0.184% dearer against Gate than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate OPENAI_USDT	1,619.1	0	get 0.0000% / 8h	4h 02m	$52.4M	$28.2M	50x
Short	Bitget OPENAIUSDT	1,623.7	0	get 0.0000% / 8h	4h 02m	$5.5M	$5.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now +0.287%Rate

Funding earned: $0
Price spread: +0.287% → +0.103%: $18.4
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$8.6
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; Bitget: live order book, 1 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 Gate live order book, 2 min ago	2.32 bp	13.6 bp −$14	243.1 bp −$2,431	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	1.63 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	−0.0024%	1h	1,624.9	+0.363%	$226K	$161K	5x	as long as short
QFEX OPENAI-USD	−0.0004%	1h	1,622.3	+0.200%	$1.2M	$552K	10x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,663.7	+2.758%	$755K	$208K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,652.1	+2.041%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDTlong	0.0000%	8h	1,619.1	long leg	$52.4M	$28.2M	50x
Bitget OPENAIUSDTshort	0.0000%	8h	1,623.7	+0.287%	$5.5M	$5.0M	20x
SunX OPENAI-USDT	0.0000%	8h	1,623.4	+0.268%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,620.9	+0.113%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,623.3	+0.261%	$79K	$220K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,621.4	+0.146%	$1.6M	$545K	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	1,712.9	+5.793%	$1.4M	$266K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,680.4	+3.791%	$2.7M	$6.3M	5x	as long as short
BloFin OPENAI-USDT	+0.0032%	8h	1,621.7	+0.163%	$474K	$286K	20x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,621.7	+0.164%	$141K	$737K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,627.2	+0.505%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,622.2	+0.192%	$22.9M	$17.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,622.3	+0.197%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,625.3	+0.387%	$375K	$68K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,622.3	+0.198%	$2.6M	$766K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622.3	+0.197%	$2K	$152K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,622.2	+0.191%	—	—	10x	as long as short
Entropy io:OAI	+0.0221%	1h	1,674.6	+3.430%	$7.7M	$2.3M	6x	as long as short