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 Phemex+0.095%7-day average — · you sell dearer than you buy

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

Long on Phemex 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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aevo is 0.095% dearer against Phemex than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex OPENAIUSDT	1,630	0	get 0.0000% / 8h	7h 53m	$1.6M	$560K	10x
Short	Aevo OPENAI-PERP	1,631.6	0.0104	get 0.0013% / 1h	53m 55s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phemex. 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 PhemexbpFee AevobpOrdersPrice spread, now +0.095%Rate

Funding earned: $21.84
Price spread: +0.095% → 0.000%: $9.54
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: $3.38
Costs to cover: 0.280%
Break-even: 5.9 days

Slippage unknown: Phemex: live order book, 4 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 Phemex live order book, 4 min ago	5.15 bp	49.7 bp −$50	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	1,633.7	+0.225%	$235K	$150K	5x	as long as short
QFEX OPENAI-USD	0.0000%	1h	1,631.5	+0.092%	$1.2M	$387K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,712.1	+5.039%	$1.4M	$282K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,673.9	+2.695%	$771K	$209K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,661.4	+1.926%	$5.1M	$1.4M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,627.8	−0.138%	$52.7M	$39.1M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,631.5	+0.090%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,631.6	+0.098%	—	$2.6M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,631.6	+0.098%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,631.8	+0.112%	$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 OPENAIUSDTlong	0.0000%	8h	1,630	long leg	$1.6M	$560K	10x
Lighter RH OPENAI	+0.0032%	1h	1,683.7	+3.294%	$2.7M	$6.2M	5x	as long as short
BloFin OPENAI-USDT	+0.0041%	8h	1,632.8	+0.173%	$474K	$278K	20x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,630.5	+0.029%	$132K	$662K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,635.9	+0.363%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,630.8	+0.049%	$23.2M	$18.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,630.7	+0.040%	$13.1M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,638.4	+0.512%	$377K	$65K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,631.2	+0.075%	$2.6M	$751K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,633.5	+0.212%	$2K	$139K	10x	as long as short
Aevo OPENAI-PERPshort	+0.0104%	1h	1,631.6	+0.095%	—	—	10x
Entropy io:OAI	+0.0157%	1h	1,677.1	+2.889%	$7.4M	$2.2M	6x	as long as short