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: GRVT against KuCoin−0.063%53s7-day average −0.106% · you buy dearer than you sell

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

Long on KuCoin Short on GRVT

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)+0.131%+$13 · spread now −0.063%, 7d avg −0.106%

Together, before fees+0.131%+ Points / potential airdropGRVT: Active · farm board+$13 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: GRVT is 0.044% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.106%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin OPENAIUSDTM	1,623.3	0.0050	pay 0.0050% / 8h	5h 30m	$374K	$71K	20x
Short	GRVT OPENAI_USDT_Perp	1,622.3	0.0050	get 0.0050% / 8h	5h 30m	$2K	$139K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.063%Rate

Funding earned: $0
Price spread: −0.063% → −0.106%: $4.36
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$16.64
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 66 min ago; GRVT: live order book, 27 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 KuCoin live order book, 66 min ago	13.85 bp	636.5 bp −$636	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 27 min ago	2.59 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
Coinbase International OPENAI-PERP-INTX	−0.0104%	1h	1,625.4	+0.134%	$225K	$160K	5x	as long as short
Lighter OPENAI	0.0000%	1h	1,709	+5.280%	$1.4M	$269K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,664	+2.510%	$763K	$204K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,650.9	+1.702%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,619.6	−0.226%	$52.4M	$28.7M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,624.5	+0.076%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,624.7	+0.088%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,624.1	+0.053%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,622.2	−0.066%	$78K	$216K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,623.6	+0.023%	$1.6M	$542K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX OPENAI-USD	0.0000%	1h	1,623.7	+0.028%	$1.2M	$469K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,676.1	+3.253%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,623.4	+0.009%	$135K	$725K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,629.3	+0.372%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,623.9	+0.038%	$22.9M	$17.8M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,623.4	+0.009%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTMlong	+0.0050%	8h	1,623.3	long leg	$374K	$71K	20x
Variational Omni OPENAI	+0.0050%	8h	1,624	+0.043%	$2.6M	$754K	—	as long as short
GRVT OPENAI_USDT_Perpshort	+0.0050%	8h	1,622.3	−0.063%	$2K	$139K	10x
BloFin OPENAI-USDT	+0.0069%	8h	1,623.3	+0.003%	$476K	$277K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,623.5	+0.014%	—	—	10x	as long as short
Entropy io:OAI	+0.0141%	1h	1,667.1	+2.700%	$7.4M	$2.1M	6x	as long as short