Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0670%/8h= +73.4% APRpaid last 24h +0.201%

Price spread now: Coinbase International against GRVT+0.228%7-day average +0.474% · you sell dearer than you buy

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

Long on GRVT Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.725%+$73 on $10k

Price spread, last 4 days (all we have)+1.102%+$110 · spread now +0.228%, 7d avg +0.474%

Together, before fees+1.828%+ Points / potential airdropGRVT: Active · farm board+$183 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.247% cheaper against GRVT than usual: you would sell low and buy high (spread +0.228% now, against its 7-day average of +0.474%). If the spread goes back, that is −$25 on $10k: about 29 hours of funding at the current rate (+$20 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT OPENAI_USDT_Perp	1,629.7	0.0050	pay 0.0050% / 8h	6h 18m	$2K	$169K	10x
Short	Coinbase International OPENAI-PERP-INTX	1,633.5	0.0720	get 0.0090% / 1h	18m 40s	$230K	$175K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.228%Rate

Funding earned: $140.7
Price spread: +0.228% → +0.474%: −$24.66
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $97.04
Costs to cover: 0.190%
Break-even: 2.2 days

Slippage unknown: GRVT: live order book, 31 min ago; Coinbase International: live order book, 32 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 GRVT live order book, 31 min ago	1.78 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 32 min ago	20.80 bp	32.6 bp −$33	54.9 bp −$549	doesn't fit	doesn't fit

OPENAI on 22 exchanges

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	−0.0010%	1h	1,630.4	+0.042%	$1.2M	$648K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,713.2	+5.123%	$1.4M	$277K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,667	+2.285%	$733K	$285K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,658.2	+1.747%	$5.1M	$1.2M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,628.6	−0.068%	$48.4M	$13.8M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,632.1	+0.145%	$5.4M	$3.7M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,632.1	+0.145%	—	$1.8M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,630.7	+0.056%	$3K	$3K	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,632.4	+0.160%	$80K	$224K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,630.6	+0.051%	$1.6M	$501K	10x	as long as short

Show all 22 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH OPENAI	+0.0032%	1h	1,678.9	+3.014%	$2.8M	$6.3M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,630.5	+0.045%	$143K	$809K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,633.3	+0.220%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,631	+0.075%	$23.0M	$16.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,633.3	+0.217%	$6.7M	$2.5M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,633.8	+0.247%	$377K	$192K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,631.3	+0.098%	$2.6M	$770K	—	as long as short
GRVT OPENAI_USDT_Perplong	+0.0050%	8h	1,629.7	long leg	$2K	$169K	10x
BloFin OPENAI-USDT	+0.0069%	8h	1,631	+0.078%	$481K	$316K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,630.6	+0.053%	—	—	10x	as long as short
Entropy io:OAI	+0.0164%	1h	1,670.7	+2.514%	$7.6M	$2.4M	6x	as long as short
Coinbase International OPENAI-PERP-INTXshort	+0.0720%	1h	1,633.5	+0.228%	$230K	$175K	5x