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: SunX against HTX+0.030%7-day average −0.004% · you sell dearer than you buy

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

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.030%, 7d avg −0.004%

Together, before fees+0.166%+$17 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: SunX is 0.034% dearer against HTX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX OPENAI-USDT	1,615.7	0	get 0.0000% / 8h	1h 04m	$79K	$227K	20x
Short	SunX OPENAI-USDT	1,616.2	0	get 0.0000% / 8h	1h 04m	—	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → −0.004%: $3.41
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$16.59
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 37 min ago; SunX: live order book, 2 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 HTX live order book, 37 min ago	3.89 bp	16.8 bp −$17	56.9 bp −$569	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	500.40 bp	doesn't fit	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
Deribit OPENAI_USDC-PERPETUAL	−0.0292%	1h	1,615	−0.043%	—	$3	5x	as long as short
QFEX OPENAI-USD	−0.0002%	1h	1,614.7	−0.061%	$1.2M	$623K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,709.8	+5.823%	$1.4M	$267K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,656.9	+2.547%	$753K	$206K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,647.4	+1.961%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,612.8	−0.180%	$44.9M	$18.7M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,616.8	+0.067%	$5.4M	$4.7M	20x	as long as short
SunX OPENAI-USDTshort	0.0000%	8h	1,616.2	+0.030%	—	$2.4M	10x
HTX OPENAI-USDTlong	0.0000%	8h	1,615.7	long leg	$79K	$227K	20x
Phemex OPENAIUSDT	0.0000%	8h	1,614.9	−0.052%	$1.6M	$514K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH OPENAI	+0.0032%	1h	1,676.6	+3.768%	$2.6M	$6.2M	5x	as long as short
BloFin OPENAI-USDT	+0.0038%	8h	1,614.6	−0.072%	$472K	$301K	20x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.0040%	1h	1,619.2	+0.214%	$226K	$161K	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,614.5	−0.077%	$141K	$586K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,617.6	+0.117%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,614.9	−0.051%	$22.8M	$17.8M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,617.7	+0.121%	$6.9M	$5.0M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,623	+0.451%	$373K	$69K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,614.7	−0.065%	$2.6M	$757K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,615.5	−0.016%	$2K	$180K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,614.8	−0.055%	—	—	10x	as long as short
Entropy io:OAI	+0.0152%	1h	1,669	+3.298%	$7.6M	$2.3M	6x	as long as short