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: KuCoin against GRVT+0.063%7-day average +0.106% · you sell dearer than you buy

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

Long on GRVT Short on KuCoin

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.131%−$13 · spread now +0.063%, 7d avg +0.106%

Together, before fees−0.131%+ Points / potential airdropGRVT: Active · farm board−$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: KuCoin is 0.044% cheaper against GRVT than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.106%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT OPENAI_USDT_Perp	1,622.3	0.0050	pay 0.0050% / 8h	5h 30m	$2K	$139K	10x
Short	KuCoin OPENAIUSDTM	1,623.3	0.0050	get 0.0050% / 8h	5h 30m	$374K	$71K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.063%Rate

Funding earned: $0
Price spread: +0.063% → +0.106%: −$4.35
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$25.35
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 27 min ago; KuCoin: live order book, 66 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, 27 min ago	2.59 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 66 min ago	13.85 bp	442.7 bp −$443	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	−0.0104%	1h	1,625.4	+0.196%	$225K	$160K	5x	as long as short
Lighter OPENAI	0.0000%	1h	1,709	+5.348%	$1.4M	$269K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,664.1	+2.578%	$763K	$204K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,650	+1.710%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,621.1	−0.071%	$52.4M	$28.7M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,624.9	+0.161%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,624.7	+0.151%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,624.1	+0.116%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,622.2	−0.003%	$78K	$216K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,623.6	+0.085%	$1.6M	$542K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX OPENAI-USD	0.0000%	1h	1,623.7	+0.090%	$1.2M	$469K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,676.3	+3.330%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,623.5	+0.075%	$135K	$725K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,629.3	+0.436%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,623.9	+0.103%	$22.9M	$17.8M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,624.3	+0.127%	$13.1M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTMshort	+0.0050%	8h	1,623.3	+0.063%	$374K	$71K	20x
Variational Omni OPENAI	+0.0050%	8h	1,624	+0.106%	$2.6M	$754K	—	as long as short
GRVT OPENAI_USDT_Perplong	+0.0050%	8h	1,622.3	long leg	$2K	$139K	10x
BloFin OPENAI-USDT	+0.0069%	8h	1,623.3	+0.066%	$476K	$277K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,623.5	+0.076%	—	—	10x	as long as short
Entropy io:OAI	+0.0139%	1h	1,667	+2.758%	$7.4M	$2.1M	6x	as long as short