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 +0.010%

Price spread now: Variational Omni against GRVT+0.084%74s7-day average −0.019% · you sell dearer than you buy

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

Long on GRVT Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.010%+$1 on $10k

Price spread, last 3 days (all we have)−0.105%−$11 · spread now +0.084%, 7d avg −0.019%

Together, before fees−0.095%+ Points / potential airdropGRVT: Active · Variational Omni: Active · farm board−$10 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: Variational Omni is 0.103% dearer against GRVT than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.019%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT OPENAI_USDT_Perp	1,621	0.0050	pay 0.0050% / 8h	48m 20s	$2K	$142K	10x
Short	Variational Omni OPENAI	1,622.3	0.0050	get 0.0050% / 8h	48m 20s	$2.6M	$753K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.084%Rate

Funding earned: $0
Price spread: +0.084% → −0.019%: $10.31
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $1.31
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: GRVT: live order book, 28 min ago; Variational Omni: RFQ quote, 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 GRVT live order book, 28 min ago	3.61 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	3.30 bp	doesn't fit	99.2 bp −$992	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	1,625.4	+0.270%	$236K	$143K	5x	as long as short
QFEX OPENAI-USD	−0.0010%	1h	1,623	+0.125%	$1.2M	$387K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,701.5	+4.965%	$1.4M	$286K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,668.8	+2.951%	$764K	$223K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,653.9	+2.031%	$5.1M	$1.4M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,620.7	−0.015%	$52.7M	$39.4M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,623.5	+0.154%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,623.4	+0.149%	—	$2.6M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,624.3	+0.204%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,623.3	+0.141%	$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	1,623.9	+0.178%	$1.6M	$561K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,673.9	+3.266%	$2.6M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,623	+0.122%	$131K	$667K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,628.1	+0.441%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,623.2	+0.140%	$23.1M	$18.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,623.6	+0.163%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,627.7	+0.415%	$376K	$65K	20x	as long as short
Variational Omni OPENAIshort	+0.0050%	8h	1,622.3	+0.084%	$2.6M	$753K	—
GRVT OPENAI_USDT_Perplong	+0.0050%	8h	1,621	long leg	$2K	$142K	10x
BloFin OPENAI-USDT	+0.0071%	8h	1,623.1	+0.133%	$471K	$275K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,623	+0.124%	—	—	10x	as long as short
Entropy io:OAI	+0.0211%	1h	1,663.6	+2.629%	$7.3M	$2.2M	6x	as long as short