Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h —

Price spread now: Aevo against MEXC−0.156%7-day average — · you buy dearer than you sell

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

Long on MEXC 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 0.156% cheaper against MEXC than usual: you would sell low and buy high (spread −0.156% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 9.6 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	MEXC OPENAI_USDT	1,633.2	0.0050	pay 0.0050% / 8h	6h 17m	$6.7M	$2.5M	50x
Short	Aevo OPENAI-PERP	1,630.6	0.0104	get 0.0013% / 1h	17m 38s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against MEXC. 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 MEXCbpFee AevobpOrdersPrice spread, now −0.156%Rate

Funding earned: $11.34
Price spread: −0.156% → 0.000%: −$15.63
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$20.29
Costs to cover: 0.160%
Break-even: 19.5 days

Slippage unknown: MEXC: live order book, 3 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 MEXC live order book, 3 min ago	7.28 bp	14.7 bp −$15	35.7 bp −$357	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 exchanges

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	−0.0010%	1h	1,630.6	−0.162%	$1.2M	$648K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,713.2	+4.900%	$1.4M	$277K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,666.7	+2.051%	$733K	$285K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,657.8	+1.506%	$5.1M	$1.2M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,628.1	−0.310%	$48.4M	$13.8M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,631.5	−0.103%	$5.4M	$3.7M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,631.6	−0.098%	—	$1.8M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,630.7	−0.151%	$3K	$3K	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,631	−0.137%	$79K	$224K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,631	−0.135%	$1.6M	$501K	10x	as long as short

Show all 22 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH OPENAI	+0.0032%	1h	1,678.8	+2.792%	$2.8M	$6.3M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,630.7	−0.156%	$143K	$808K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,633.5	+0.017%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,631.2	−0.125%	$23.0M	$16.9M	20x	as long as short
MEXC OPENAI_USDTlong	+0.0050%	8h	1,633.2	long leg	$6.7M	$2.5M	50x
KuCoin OPENAIUSDTM	+0.0050%	8h	1,634	+0.050%	$377K	$194K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,631.3	−0.114%	$2.6M	$770K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,630.4	−0.171%	$2K	$169K	10x	as long as short
BloFin OPENAI-USDT	+0.0069%	8h	1,631	−0.134%	$481K	$316K	20x	as long as short
Aevo OPENAI-PERPshort	+0.0104%	1h	1,630.6	−0.156%	—	—	10x
Entropy io:OAI	+0.0166%	1h	1,670.9	+2.308%	$7.6M	$2.4M	6x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.0720%	1h	1,633.5	+0.015%	$230K	$175K	5x	as long as short