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 0.000%

Price spread now: Binance against KuCoin−0.102%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$3,515as in the Funding arb table

Net, price: spread back to 7d avg − costs−$3,522as in the Price arb table

costs, in and out, $10k−$3,51535.145% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.433%+$43 · spread now −0.102%, 7d avg −0.030%

Together, before fees+0.433%+$43 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: Binance is 0.072% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin OPENAIUSDTM	1,620.5	0.0050	pay 0.0050% / 8h	1h 49m	$372K	$69K	20x
Short	Binance OPENAIUSDT	1,618.8	0.0050	get 0.0050% / 8h	1h 49m	$22.8M	$17.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now −0.102%Rate

Funding earned: $0
Price spread: −0.102% → −0.030%: −$7.19
Slippage, 4 orders: −$3,492.52
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$3,521.72
Costs to cover: 35.145%
Break-even: never at this rate

Slippage from KuCoin: live order book, 68 min ago; Binance: live order book, 6 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 KuCoin live order book, 68 min ago	8.00 bp	603.3 bp −$603	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.77 bp	19.1 bp −$19	34.5 bp −$345	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
QFEX OPENAI-USD	−0.0002%	1h	1,618	−0.157%	$1.2M	$612K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,712.7	+5.689%	$1.4M	$264K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,659.7	+2.417%	$753K	$205K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,646.3	+1.593%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,615.5	−0.306%	$52.3M	$18.0M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,620	−0.030%	$5.4M	$4.7M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,619.2	−0.080%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,619	−0.094%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,618.7	−0.112%	$79K	$226K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,618.9	−0.099%	$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
BloFin OPENAI-USDT	+0.0025%	8h	1,619.2	−0.083%	$472K	$290K	20x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,679.6	+3.645%	$2.7M	$6.0M	5x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.0040%	1h	1,625	+0.281%	$226K	$162K	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,618.4	−0.130%	$141K	$895K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,621.9	+0.090%	$211K	$3K	20x	as long as short
Binance OPENAIUSDTshort	+0.0050%	8h	1,618.8	−0.102%	$22.8M	$17.2M	20x
MEXC OPENAI_USDT	+0.0050%	8h	1,618.8	−0.104%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTMlong	+0.0050%	8h	1,620.5	long leg	$372K	$69K	20x
Variational Omni OPENAI	+0.0050%	8h	1,618	−0.151%	$2.6M	$757K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,619.3	−0.076%	$2K	$175K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,617.9	−0.161%	—	—	10x	as long as short
Entropy io:OAI	+0.0142%	1h	1,670.3	+3.074%	$7.7M	$2.3M	6x	as long as short