Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0114%/8h= +12.4% APRnext payment +$0.14 per $10,000 · paid last 24h —

Price spread now: Aevo against QFEX−0.048%7-day average — · you buy dearer than you sell

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

Long on QFEX 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 0.048% cheaper against QFEX than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 34 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX OPENAI-USD	1,630.5	−0.0010	get 0.0001% / 1h	58m 20s	$1.2M	$645K	10x
Short	Aevo OPENAI-PERP	1,629.7	0.0104	get 0.0013% / 1h	58m 20s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against QFEX. 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 QFEXbpFee AevobpOrdersPrice spread, now −0.048%Rate

Funding earned: $23.86
Price spread: −0.048% → 0.000%: −$4.78
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$6.92
Costs to cover: 0.260%
Break-even: 9.0 days

Slippage unknown: QFEX: live order book, 3 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 QFEX live order book, 3 min ago	1.50 bp	7.2 bp −$7	12.3 bp −$123	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
QFEX OPENAI-USDlong	−0.0010%	1h	1,630.5	long leg	$1.2M	$645K	10x
Lighter OPENAI	0.0000%	1h	1,712.3	+5.016%	$1.4M	$276K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,661.7	+1.914%	$731K	$285K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,654.1	+1.449%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,627	−0.215%	$47.1M	$10.7M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,630.9	+0.028%	$5.4M	$3.8M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,630.5	+0.002%	—	$2.1M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,630.2	−0.019%	$3K	$3K	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,631.2	+0.046%	$79K	$225K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,629.2	−0.081%	$1.6M	$498K	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	1,678.2	+2.926%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,629.5	−0.058%	$142K	$808K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,632.1	+0.097%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,630.6	+0.006%	$23.0M	$16.6M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,631.1	+0.037%	$6.7M	$2.4M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,631.8	+0.081%	$377K	$146K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,629.1	−0.081%	$2.6M	$766K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,629.5	−0.061%	$2K	$173K	10x	as long as short
BloFin OPENAI-USDT	+0.0051%	8h	1,630.8	+0.023%	$476K	$308K	20x	as long as short
Aevo OPENAI-PERPshort	+0.0104%	1h	1,629.7	−0.048%	—	—	10x
Entropy io:OAI	+0.0248%	1h	1,668.7	+2.345%	$7.6M	$2.4M	6x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.0720%	1h	1,635	+0.278%	$231K	$176K	5x	as long as short