Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.5% APRpaid last 24h −0.188%

Price spread now: HTX against QFEX+0.027%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$470.470% of the position

Long on QFEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.184%−$18 on $10k

Price spread, last 3 days (all we have)−0.078%−$8 · spread now +0.027%, 7d avg −0.010%

Together, before fees−0.263%−$26 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 0.038% dearer against QFEX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX OPENAI-USD	1,621.4	−0.0004	get 0.0001% / 1h	18m 25s	$1.2M	$422K	10x
Short	HTX OPENAI-USDT	1,621.9	0	get 0.0000% / 8h	6h 18m	$79K	$216K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0.87
Price spread: +0.027% → −0.010%: $3.75
Slippage, 4 orders: −$25
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$42.37
Costs to cover: 0.470%
Break-even: 346.5 days

Slippage from QFEX: live order book, 3 min ago; HTX: live order book, 48 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 QFEX live order book, 3 min ago	1.42 bp	7.5 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 48 min ago	3.59 bp	16.2 bp −$16	23.8 bp −$238	doesn't fit	doesn't fit

OPENAI on 21 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	−0.0004%	1h	1,621.4	long leg	$1.2M	$422K	10x
Lighter OPENAI	0.0000%	1h	1,700.8	+4.896%	$1.4M	$280K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,666.2	+2.763%	$764K	$205K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,654.6	+2.046%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,619.4	−0.126%	$52.4M	$31.9M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,624.2	+0.173%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,623.2	+0.110%	—	$2.5M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,622.5	+0.067%	—	$3	5x	as long as short
HTX OPENAI-USDTshort	0.0000%	8h	1,621.9	+0.027%	$79K	$216K	20x
Phemex OPENAIUSDT	0.0000%	8h	1,621.2	−0.013%	$1.6M	$557K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International OPENAI-PERP-INTX	+0.0024%	1h	1,624	+0.160%	$222K	$158K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,674.7	+3.286%	$2.6M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,621	−0.027%	$131K	$722K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,627.6	+0.378%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,621.5	+0.003%	$22.9M	$18.6M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,622.6	+0.072%	$13.1M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,624.5	+0.190%	$376K	$67K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,621.1	−0.023%	$2.6M	$759K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,623	+0.097%	$2K	$138K	10x	as long as short
Entropy io:OAI	+0.0093%	1h	1,667.9	+2.867%	$7.4M	$2.2M	6x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,621.3	−0.007%	—	—	10x	as long as short