Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against MEXC+0.008%7-day average −0.025% · you sell dearer than you buy

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.029%−$3 · spread now +0.008%, 7d avg −0.025%

Together, before fees−0.029%+ Points / potential airdropVariational Omni: Active · farm board−$3 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: Variational Omni is 0.033% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC OPENAI_USDT	1,628.3	0.0050	pay 0.0050% / 8h	25m 48s	$13.0M	$3.1M	50x
Short	Variational Omni OPENAI	1,628.4	0.0050	get 0.0050% / 8h	25m 48s	$2.6M	$751K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. 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 MEXCbpFee Variational OmnibpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → −0.025%: $3.27
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $3.27
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: MEXC: live order book, 3 min ago; Variational Omni: RFQ quote, 3 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 MEXC live order book, 3 min ago	1.20 bp	1.5 bp −$1	1.7 bp −$17	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	4.55 bp	doesn't fit	91.1 bp −$911	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	−0.0168%	1h	1,631.3	+0.185%	$237K	$146K	5x	as long as short
QFEX OPENAI-USD	−0.0010%	1h	1,627.6	−0.041%	$1.2M	$387K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,708.2	+4.908%	$1.4M	$287K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,675.3	+2.887%	$768K	$217K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,659.5	+1.917%	$5.1M	$1.4M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,625.9	−0.144%	$52.6M	$39.6M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,630.1	+0.112%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,629.3	+0.063%	—	$2.6M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,627.8	−0.032%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,627	−0.079%	$79K	$213K	20x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex OPENAIUSDT	0.0000%	8h	1,628.3	+0.002%	$1.6M	$558K	10x	as long as short
BloFin OPENAI-USDT	+0.0022%	8h	1,626.9	−0.084%	$473K	$276K	20x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,680.9	+3.231%	$2.6M	$6.3M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,627.6	−0.041%	$131K	$667K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,632.7	+0.273%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,628.3	−0.001%	$23.1M	$18.8M	20x	as long as short
MEXC OPENAI_USDTlong	+0.0050%	8h	1,628.3	long leg	$13.0M	$3.1M	50x
KuCoin OPENAIUSDTM	+0.0050%	8h	1,630.2	+0.116%	$377K	$63K	20x	as long as short
Variational Omni OPENAIshort	+0.0050%	8h	1,628.4	+0.008%	$2.6M	$751K	—
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,625.6	−0.166%	$2K	$140K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,627.3	−0.059%	—	—	10x	as long as short
Entropy io:OAI	+0.0261%	1h	1,671.2	+2.636%	$7.4M	$2.2M	6x	as long as short