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: Bitget against OKX−1.656%7-day average −2.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1441.439% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.411%−$41 · spread now −1.656%, 7d avg −2.071%

Together, before fees−0.411%−$41 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: Bitget is 0.415% dearer against OKX than usual: you sell high and buy low, +$42 on $10k if it goes back to its 7-day average of −2.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX OPENAI-USDT-SWAP	1,650.8	0	get 0.0000% / 8h	4h 43m	$5.1M	$1.3M	20x
Short	Bitget OPENAIUSDT	1,623.5	0	get 0.0000% / 8h	4h 43m	$5.5M	$5.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −1.656%Rate

Funding earned: $0
Price spread: −1.656% → −2.071%: $41.51
Slippage, 4 orders: −$121.89
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$102.38
Costs to cover: 1.439%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Bitget: live order book, 4 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 OKX live order book, 4 min ago	2.73 bp	20.8 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	1.14 bp	34.6 bp −$35	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	−0.0024%	1h	1,623.9	−1.633%	$226K	$159K	5x	as long as short
QFEX OPENAI-USD	−0.0004%	1h	1,622.3	−1.724%	$1.2M	$532K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,707.5	+3.433%	$1.4M	$265K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,662.1	+0.685%	$758K	$207K	25x	as long as short
OKX OPENAI-USDT-SWAPlong	0.0000%	8h	1,650.8	long leg	$5.1M	$1.3M	20x
Gate OPENAI_USDT	0.0000%	8h	1,618.7	−1.946%	$52.4M	$28.1M	50x	as long as short
Bitget OPENAIUSDTshort	0.0000%	8h	1,623.5	−1.656%	$5.5M	$5.0M	20x
SunX OPENAI-USDT	0.0000%	8h	1,623.1	−1.678%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,620.4	−1.844%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,622.8	−1.696%	$79K	$217K	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	1,621.1	−1.800%	$1.6M	$545K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,675.1	+1.472%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,621.6	−1.768%	$144K	$736K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,630.5	−1.230%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,622.1	−1.741%	$22.9M	$17.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,621.9	−1.750%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,625	−1.562%	$375K	$69K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,621.7	−1.764%	$2.6M	$763K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,620.3	−1.849%	$3K	$146K	10x	as long as short
BloFin OPENAI-USDT	+0.0067%	8h	1,621.8	−1.756%	$475K	$279K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,621.7	−1.760%	—	—	10x	as long as short
Entropy io:OAI	+0.0106%	1h	1,666.4	+0.945%	$7.6M	$2.3M	6x	as long as short