Settings8H · net · $10k
Funding arb · Price arb /

OPENAI

RWAall OPENAI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.203%
Price spread now: KuCoin against HTX+0.114%7-day average +0.095% · you sell dearer than you buy
Net, funding: paid 7d − costs−$3,496as in the Funding arb table
Net, price: spread back to 7d avg − costs−$3,523as in the Price arb table
costs, in and out, $10k−$3,52535.253% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.293%+$29 on $10k
Price spread, last 4 days (all we have)+0.177%+$18 · spread now +0.114%, 7d avg +0.095%
Together, before fees+0.470%+$47 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.095%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX OPENAI-USDT1,621.20get 0.0000% / 8h3h 20m$79K$221K20x
ShortKuCoin OPENAIUSDTM1,623.10.0050get 0.0050% / 8h3h 20m$375K$68K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against HTX. 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

Funding earned
$10.5
Price spread: +0.114% → +0.095%
$1.87
Slippage, 4 orders
−$3,501.3
Fee HTX: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$3,512.93
Costs to cover
35.253%
Break-even
2349.0 days
Slippage from HTX: live order book, 31 min ago; KuCoin: live order book, 52 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 31 min ago0.03 bp9.6 bp −$1033.6 bp −$336doesn't fitdoesn't fit
Sell KuCoin live order book, 52 min ago7.75 bp2916.8 bp −$2,917doesn't fitdoesn't fitdoesn't fit

OPENAI on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX OPENAI-USD−0.0001%1h1,620.4−0.051%$1.2M$574K10xas long as short
Lighter OPENAI0.0000%1h1,710.5+5.508%$1.4M$265K5xas long as short
Bybit OPENAIUSDT0.0000%8h1,663.4+2.599%$755K$206K25xas long as short
OKX OPENAI-USDT-SWAP0.0000%8h1,650.9+1.829%$5.1M$1.3M20xas long as short
Gate OPENAI_USDT0.0000%8h1,617.2−0.252%$52.4M$25.4M50xas long as short
Bitget OPENAIUSDT0.0000%8h1,622.4+0.070%$5.5M$4.9M20xas long as short
SunX OPENAI-USDT0.0000%8h1,622.8+0.096%$2.4M10xas long as short
Deribit OPENAI_USDC-PERPETUAL0.0000%1h1,621.4+0.007%$35xas long as short
HTX OPENAI-USDTlong0.0000%8h1,621.2long leg$79K$221K20x
Phemex OPENAIUSDT0.0000%8h1,620.7−0.031%$1.6M$535K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin OPENAI-USDT+0.0023%8h1,620.8−0.027%$473K$287K20xas long as short
Lighter RH OPENAI+0.0032%1h1,678.6+3.539%$2.7M$6.2M5xas long as short
Extended OPENAI-USD+0.0048%1h1,620.2−0.063%$143K$737K10xas long as short
Aster OPENAIUSDT+0.0050%8h1,624.1+0.178%$212K$3K20xas long as short
Binance OPENAIUSDT+0.0050%8h1,620.6−0.042%$22.8M$17.6M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,620.6−0.039%$13.0M$3.2M50xas long as short
KuCoin OPENAIUSDTMshort+0.0050%8h1,623.1+0.114%$375K$68K20x
Variational Omni OPENAI+0.0050%8h1,620.4−0.050%$2.6M$766Kas long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,620.6−0.038%$2K$159K10xas long as short
Coinbase International OPENAI-PERP-INTX+0.0056%1h1,623.9+0.163%$226K$161K5xas long as short
Aevo OPENAI-PERP+0.0104%1h1,620.4−0.052%10xas long as short
Entropy io:OAI+0.0109%1h1,670.6+3.045%$7.6M$2.3M6xas long as short