Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: SunX against Gate+0.222%7-day average +0.156% · you sell dearer than you buy

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

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.150%−$15 · spread now +0.222%, 7d avg +0.156%

Together, before fees−0.150%−$15 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: SunX is 0.067% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.156%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate OPENAI_USDT	1,620.2	0	get 0.0000% / 8h	42m 37s	$52.7M	$39.4M	50x
Short	SunX OPENAI-USDT	1,623.8	0	get 0.0000% / 8h	42m 37s	—	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.222%Rate

Funding earned: $0
Price spread: +0.222% → +0.156%: $6.65
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$16.35
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 1 min ago; SunX: live order book, 4 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, 1 min ago	2.75 bp	30.0 bp −$30	653.9 bp −$6,539	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	500.51 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	+0.338%	$236K	$143K	5x	as long as short
QFEX OPENAI-USD	−0.0010%	1h	1,623.2	+0.188%	$1.2M	$387K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,703	+5.112%	$1.4M	$286K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,669.5	+3.045%	$764K	$222K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,654.4	+2.111%	$5.1M	$1.4M	20x	as long as short
Gate OPENAI_USDTlong	0.0000%	8h	1,620.2	long leg	$52.7M	$39.4M	50x
Bitget OPENAIUSDT	0.0000%	8h	1,624	+0.237%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDTshort	0.0000%	8h	1,623.8	+0.222%	—	$2.6M	10x
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,624.2	+0.246%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,623.7	+0.216%	$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	+0.168%	$1.6M	$560K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,675.5	+3.413%	$2.6M	$6.2M	5x	as long as short
BloFin OPENAI-USDT	+0.0041%	8h	1,623.5	+0.202%	$470K	$276K	20x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,623.3	+0.189%	$131K	$667K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,628.7	+0.525%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,623.6	+0.209%	$23.1M	$18.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,623.2	+0.182%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,627.7	+0.464%	$376K	$64K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,623	+0.175%	$2.6M	$753K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622	+0.109%	$2K	$141K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,623.4	+0.201%	—	—	10x	as long as short
Entropy io:OAI	+0.0233%	1h	1,665.4	+2.790%	$7.4M	$2.2M	6x	as long as short