Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h —

Price spread now: Aevo against OKX−2.004%7-day average — · you buy dearer than you sell

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

Long on OKX 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 2.004% cheaper against OKX than usual: you would sell low and buy high (spread −2.004% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$200 on $10k: about 2 months of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX OPENAI-USDT-SWAP	1,660.2	0	get 0.0000% / 8h	7h 32m	$5.1M	$1.3M	20x
Short	Aevo OPENAI-PERP	1,626.9	0.0104	get 0.0013% / 1h	32m 51s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against OKX. 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 OKXbpFee AevobpOrdersPrice spread, now −2.004%Rate

Funding earned: $21.84
Price spread: −2.004% → 0.000%: −$200.35
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$204.51
Costs to cover: 0.260%
Break-even: 72.5 days

Slippage unknown: OKX: live order book, 5 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 OKX live order book, 5 min ago	2.41 bp	37.5 bp −$37	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	1,628.4	−1.916%	$228K	$147K	5x	as long as short
QFEX OPENAI-USD	0.0000%	1h	1,627.3	−1.984%	$1.2M	$413K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,709.1	+2.945%	$1.4M	$283K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,671.2	+0.664%	$769K	$207K	25x	as long as short
OKX OPENAI-USDT-SWAPlong	0.0000%	8h	1,660.2	long leg	$5.1M	$1.3M	20x
Gate OPENAI_USDT	0.0000%	8h	1,625.5	−2.093%	$52.6M	$39.2M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,629.2	−1.870%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,627.9	−1.946%	—	$2.6M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,627	−2.002%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,627.7	−1.956%	$79K	$214K	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	1,626.3	−2.040%	$1.6M	$560K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,681.1	+1.261%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,627.2	−1.988%	$138K	$942K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,632.6	−1.661%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,627.5	−1.968%	$23.1M	$18.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,628.1	−1.935%	$13.1M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,637.1	−1.392%	$379K	$65K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,626.9	−2.004%	$2.6M	$753K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,627.6	−1.964%	$2K	$138K	10x	as long as short
BloFin OPENAI-USDT	+0.0063%	8h	1,626.8	−2.009%	$475K	$277K	20x	as long as short
Entropy io:OAI	+0.0081%	1h	1,674	+0.831%	$7.4M	$2.2M	6x	as long as short
Aevo OPENAI-PERPshort	+0.0104%	1h	1,626.9	−2.004%	—	—	10x