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 −0.188%

Price spread now: HTX against Phemex−0.139%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$225as in the Funding arb table

Net, price: spread back to 7d avg − costs−$219as in the Price arb table

costs, in and out, $10k−$2062.060% of the position

Long on Phemex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.188%−$19 on $10k

Price spread, last 3 days (all we have)+0.032%+$3 · spread now −0.139%, 7d avg −0.013%

Together, before fees−0.157%−$16 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: HTX is 0.126% cheaper against Phemex than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex OPENAIUSDT	1,623.9	0	get 0.0000% / 8h	41m 10s	$1.6M	$560K	10x
Short	HTX OPENAI-USDT	1,621.6	0	get 0.0000% / 8h	41m 10s	$78K	$213K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.139%Rate

Funding earned: $0
Price spread: −0.139% → −0.013%: −$12.61
Slippage, 4 orders: −$181.98
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$218.59
Costs to cover: 2.060%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; HTX: live order book, 35 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 Phemex live order book, 2 min ago	3.61 bp	69.3 bp −$69	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 35 min ago	4.14 bp	46.0 bp −$46	72.2 bp −$722	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	1,625.4	+0.091%	$236K	$145K	5x	as long as short
QFEX OPENAI-USD	−0.0010%	1h	1,623	−0.054%	$1.2M	$387K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,703.7	+4.916%	$1.4M	$286K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,669.2	+2.793%	$764K	$220K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,654.5	+1.886%	$5.1M	$1.4M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,621.3	−0.156%	$52.7M	$39.4M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,624.7	+0.050%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,623.3	−0.036%	—	$2.6M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,623.9	+0.001%	—	$3	5x	as long as short
HTX OPENAI-USDTshort	0.0000%	8h	1,621.6	−0.139%	$78K	$213K	20x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex OPENAIUSDTlong	0.0000%	8h	1,623.9	long leg	$1.6M	$560K	10x
Lighter RH OPENAI	+0.0032%	1h	1,676.1	+3.213%	$2.6M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,622.6	−0.076%	$131K	$667K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,628.2	+0.265%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,623	−0.056%	$23.1M	$18.8M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,624.3	+0.025%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,627.7	+0.236%	$376K	$64K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,623	−0.052%	$2.6M	$753K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,623.1	−0.050%	$2K	$141K	10x	as long as short
BloFin OPENAI-USDT	+0.0074%	8h	1,623.7	−0.014%	$470K	$275K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,623	−0.054%	—	—	10x	as long as short
Entropy io:OAI	+0.0237%	1h	1,665.7	+2.575%	$7.4M	$2.2M	6x	as long as short