Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h —

Price spread now: Aevo against KuCoin−0.104%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.104% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.104% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 6.4 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin OPENAIUSDTM	1,631.3	0.0050	pay 0.0050% / 8h	7h 05m	$377K	$67K	20x
Short	Aevo OPENAI-PERP	1,629.6	0.0104	get 0.0013% / 1h	5m 06s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpFee AevobpOrdersPrice spread, now −0.104%Rate

Funding earned: $11.34
Price spread: −0.104% → 0.000%: −$10.4
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$27.06
Costs to cover: 0.280%
Break-even: 23.7 days

Slippage unknown: KuCoin: live order book, 47 min ago; Aevo: no order-book sample. 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 KuCoin live order book, 47 min ago	6.72 bp	581.4 bp −$581	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1,628.8	−0.155%	$225K	$150K	5x	as long as short
QFEX OPENAI-USD	0.0000%	1h	1,629.5	−0.111%	$1.2M	$415K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,714.6	+5.106%	$1.4M	$288K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,669.6	+2.347%	$768K	$207K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,658.9	+1.690%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,627.2	−0.255%	$52.7M	$39.2M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,629.8	−0.091%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,630.1	−0.075%	—	$2.5M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,629.7	−0.100%	$79K	$214K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,629.9	−0.089%	$1.6M	$564K	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	1,681.8	+3.096%	$2.7M	$6.3M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,629.1	−0.138%	$132K	$716K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,637.2	+0.360%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,629.5	−0.113%	$23.1M	$18.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,629.8	−0.096%	$13.1M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTMlong	+0.0050%	8h	1,631.3	long leg	$377K	$67K	20x
Variational Omni OPENAI	+0.0050%	8h	1,629	−0.143%	$2.6M	$758K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,628.9	−0.148%	$2K	$138K	10x	as long as short
BloFin OPENAI-USDT	+0.0068%	8h	1,628.9	−0.150%	$475K	$280K	20x	as long as short
Aevo OPENAI-PERPshort	+0.0104%	1h	1,629.6	−0.104%	—	—	10x
Entropy io:OAI	+0.0108%	1h	1,673.5	+2.585%	$7.4M	$2.2M	6x	as long as short
Deribit OPENAI_USDC-PERPETUAL	+0.0510%	1h	1,631.7	+0.021%	—	$3	5x	as long as short