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: SunX against OKX−1.683%7-day average −2.021% · you buy dearer than you sell

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

Long on OKX Short on SunX

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)−0.326%−$33 · spread now −1.683%, 7d avg −2.021%

Together, before fees−0.326%−$33 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: SunX is 0.338% dearer against OKX than usual: you sell high and buy low, +$34 on $10k if it goes back to its 7-day average of −2.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX OPENAI-USDT-SWAP	1,645.7	0	get 0.0000% / 8h	1h 01m	$5.1M	$1.3M	20x
Short	SunX OPENAI-USDT	1,618	0	get 0.0000% / 8h	1h 01m	—	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −1.683%Rate

Funding earned: $0
Price spread: −1.683% → −2.021%: $33.78
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: $15.78
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: OKX: live order book, 2 min ago; SunX: live order book, 6 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 OKX live order book, 2 min ago	3.96 bp	40.4 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	500.40 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
QFEX OPENAI-USD	−0.0002%	1h	1,616.8	−1.759%	$1.2M	$625K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,710.3	+3.928%	$1.4M	$267K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,655.7	+0.610%	$738K	$263K	25x	as long as short
OKX OPENAI-USDT-SWAPlong	0.0000%	8h	1,645.7	long leg	$5.1M	$1.3M	20x
Gate OPENAI_USDT	0.0000%	8h	1,614.8	−1.876%	$44.9M	$18.8M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,618.8	−1.636%	$5.4M	$4.7M	20x	as long as short
SunX OPENAI-USDTshort	0.0000%	8h	1,618	−1.683%	—	$2.4M	10x
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,616.4	−1.782%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,617.1	−1.737%	$79K	$227K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,617.2	−1.732%	$1.6M	$514K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH OPENAI	+0.0032%	1h	1,676.8	+1.891%	$2.6M	$6.2M	5x	as long as short
BloFin OPENAI-USDT	+0.0034%	8h	1,616.6	−1.770%	$473K	$301K	20x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.0040%	1h	1,618.4	−1.662%	$226K	$165K	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,616.4	−1.781%	$141K	$586K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,620	−1.563%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,616.7	−1.761%	$22.9M	$17.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,617.4	−1.718%	$6.7M	$5.1M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,620.2	−1.550%	$373K	$69K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,614.7	−1.886%	$2.6M	$757K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,615.9	−1.811%	$2K	$180K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,616.6	−1.766%	—	—	10x	as long as short
Entropy io:OAI	+0.0150%	1h	1,668.8	+1.404%	$7.6M	$2.3M	6x	as long as short