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Funding arb · Price arb /

OPENAI

RWAall OPENAI markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h +0.188%
Price spread now: QFEX against HTX−0.001%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$480.482% of the position
Long on HTXShort on QFEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.184%+$18 on $10k
Price spread, last 3 days (all we have)+0.052%+$5 · spread now −0.001%, 7d avg +0.010%
Together, before fees+0.236%+$24 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX OPENAI-USDT1,623.40get 0.0000% / 8h6h 01m$79K$216K20x
ShortQFEX OPENAI-USD1,623.4−0.0004pay 0.0001% / 1h1m 30s$1.2M$432K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX 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
−$0.87
Price spread: −0.001% → +0.010%
−$1.1
Slippage, 4 orders
−$26.22
Fee HTX: 6 bp × 2 orders
−$12
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$50.2
Costs to cover
0.482%
Break-even
never at this rate
Slippage from HTX: live order book, 65 min ago; QFEX: live order book, 5 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, 65 min ago3.59 bp16.9 bp −$1749.6 bp −$496doesn't fitdoesn't fit
Sell QFEX live order book, 5 min ago1.63 bp6.6 bp −$78.4 bp −$84doesn't fitdoesn't fit

OPENAI on 21 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-USDshort−0.0004%1h1,623.4−0.001%$1.2M$432K10x
Lighter OPENAI0.0000%1h1,709+5.271%$1.4M$280K5xas long as short
Bybit OPENAIUSDT0.0000%8h1,666.2+2.636%$764K$203K25xas long as short
OKX OPENAI-USDT-SWAP0.0000%8h1,651.4+1.723%$5.1M$1.3M20xas long as short
Gate OPENAI_USDT0.0000%8h1,620.2−0.200%$52.4M$31.9M50xas long as short
Bitget OPENAIUSDT0.0000%8h1,624.6+0.074%$5.5M$5.1M20xas long as short
SunX OPENAI-USDT0.0000%8h1,625+0.097%—$2.4M10xas long as short
Deribit OPENAI_USDC-PERPETUAL0.0000%1h1,624.9+0.089%—$35xas long as short
HTX OPENAI-USDTlong0.0000%8h1,623.4long leg$79K$216K20x
Phemex OPENAIUSDT0.0000%8h1,622.9−0.034%$1.6M$549K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International OPENAI-PERP-INTX+0.0024%1h1,623.3−0.010%$224K$158K5xas long as short
Lighter RH OPENAI+0.0032%1h1,675+3.177%$2.6M$6.3M5xas long as short
Extended OPENAI-USD+0.0048%1h1,623.1−0.018%$131K$720K10xas long as short
Aster OPENAIUSDT+0.0050%8h1,633.7+0.633%$213K$3K20xas long as short
Binance OPENAIUSDT+0.0050%8h1,623.4−0.002%$22.9M$18.0M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,623−0.026%$13.1M$3.2M50xas long as short
KuCoin OPENAIUSDTM+0.0050%8h1,621.7−0.105%$374K$71K20xas long as short
Variational Omni OPENAI+0.0050%8h1,622.1−0.082%$2.6M$759K—as long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,622−0.091%$2K$138K10xas long as short
Aevo OPENAI-PERP+0.0104%1h1,623.4−0.002%——10xas long as short
Entropy io:OAI+0.0109%1h1,668.3+2.764%$7.4M$2.1M6xas long as short