Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h —

Price spread now: Aevo against GRVT+0.026%7-day average — · you sell dearer than you buy

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

Long on GRVT 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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aevo is 0.026% dearer against GRVT than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT OPENAI_USDT_Perp	1,616.1	0.0050	pay 0.0050% / 8h	2h 12m	$2K	$170K	10x
Short	Aevo OPENAI-PERP	1,616.5	0.0104	get 0.0013% / 1h	12m 42s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against GRVT. 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 GRVTbpFee AevobpOrdersPrice spread, now +0.026%Rate

Funding earned: $11.34
Price spread: +0.026% → 0.000%: $2.57
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$11.09
Costs to cover: 0.250%
Break-even: 13.8 days

Slippage unknown: GRVT: live order book, 30 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 GRVT live order book, 30 min ago	2.63 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	1,616.7	+0.036%	$1.2M	$603K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,708.6	+5.720%	$1.4M	$265K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,658.8	+2.643%	$752K	$205K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,645.1	+1.793%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,613.7	−0.150%	$52.3M	$19.7M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,618.6	+0.151%	$5.4M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,617.9	+0.110%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,617.7	+0.098%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,617.4	+0.079%	$79K	$225K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,616.9	+0.046%	$1.6M	$521K	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	1,620.9	+0.297%	$226K	$161K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,675.6	+3.681%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,616.4	+0.019%	$141K	$896K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,620.9	+0.295%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,617	+0.051%	$22.8M	$17.3M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,617	+0.052%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,617.4	+0.079%	$373K	$70K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,616.2	+0.006%	$2.6M	$757K	—	as long as short
GRVT OPENAI_USDT_Perplong	+0.0050%	8h	1,616.1	long leg	$2K	$170K	10x
BloFin OPENAI-USDT	+0.0077%	8h	1,616.1	−0.005%	$470K	$289K	20x	as long as short
Aevo OPENAI-PERPshort	+0.0104%	1h	1,616.5	+0.026%	—	—	10x
Entropy io:OAI	+0.0130%	1h	1,665.6	+3.061%	$7.6M	$2.3M	6x	as long as short