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 +0.188%

Price spread now: OKX against HTX+1.995%7-day average +2.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1141.145% of the position

Long on HTX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.188%+$19 on $10k

Price spread, last 3 days (all we have)+0.022%+$2 · spread now +1.995%, 7d avg +2.038%

Together, before fees+0.210%+$21 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: OKX is 0.044% cheaper against HTX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +2.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX OPENAI-USDT	1,627.7	0	get 0.0000% / 8h	7h 32m	$79K	$214K	20x
Short	OKX OPENAI-USDT-SWAP	1,660.2	0	get 0.0000% / 8h	7h 32m	$5.1M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee HTXbpFee OKXbpOrdersPrice spread, now +1.995%Rate

Funding earned: $0
Price spread: +1.995% → +2.038%: −$4.37
Slippage, 4 orders: −$92.47
Fee HTX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$118.84
Costs to cover: 1.145%
Break-even: never at this rate

Slippage from HTX: live order book, 39 min ago; OKX: live order book, 5 min ago.

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 HTX live order book, 39 min ago	4.14 bp	10.1 bp −$10	54.7 bp −$547	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	2.41 bp	36.9 bp −$37	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	−0.0024%	1h	1,628.4	+0.041%	$228K	$147K	5x	as long as short
QFEX OPENAI-USD	0.0000%	1h	1,627.3	−0.029%	$1.2M	$413K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,709.5	+5.020%	$1.4M	$283K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,671.4	+2.682%	$769K	$207K	25x	as long as short
OKX OPENAI-USDT-SWAPshort	0.0000%	8h	1,660.2	+1.995%	$5.1M	$1.3M	20x
Gate OPENAI_USDT	0.0000%	8h	1,625.4	−0.141%	$52.6M	$39.2M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,629	+0.078%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,627.9	+0.010%	—	$2.6M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,627	−0.047%	—	$3	5x	as long as short
HTX OPENAI-USDTlong	0.0000%	8h	1,627.7	long leg	$79K	$214K	20x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex OPENAIUSDT	0.0000%	8h	1,626.3	−0.085%	$1.6M	$560K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,681.4	+3.297%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,627.3	−0.027%	$138K	$942K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,633	+0.324%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,627.6	−0.007%	$23.1M	$18.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,628.2	+0.030%	$13.1M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,637.1	+0.575%	$379K	$65K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,626.9	−0.050%	$2.6M	$753K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,627.6	−0.008%	$2K	$138K	10x	as long as short
BloFin OPENAI-USDT	+0.0063%	8h	1,626.8	−0.055%	$475K	$277K	20x	as long as short
Entropy io:OAI	+0.0083%	1h	1,674	+2.843%	$7.4M	$2.2M	6x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,626.9	−0.049%	—	—	10x	as long as short