Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h —

Price spread now: Aevo against SunX−0.083%7-day average — · you buy dearer than you sell

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

Long on SunX 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 0.083% cheaper against SunX than usual: you would sell low and buy high (spread −0.083% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX OPENAI-USDT	1,618	0	get 0.0000% / 8h	39m 48s	—	$2.4M	10x
Short	Aevo OPENAI-PERP	1,616.7	0.0104	get 0.0013% / 1h	39m 48s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against SunX. 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 SunXbpFee AevobpOrdersPrice spread, now −0.083%Rate

Funding earned: $21.84
Price spread: −0.083% → 0.000%: −$8.27
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$10.43
Costs to cover: 0.240%
Break-even: 10.3 days

Slippage unknown: SunX: live order book, 7 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 SunX live order book, 7 min ago	500.36 bp	doesn't fit	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
QFEX OPENAI-USD	−0.0005%	1h	1,616.7	−0.080%	$1.2M	$618K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,707.2	+5.514%	$1.4M	$268K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,657.5	+2.439%	$738K	$262K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,646.1	+1.737%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,615.2	−0.176%	$45.3M	$13.7M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,618.7	+0.044%	$5.4M	$4.4M	20x	as long as short
SunX OPENAI-USDTlong	0.0000%	8h	1,618	long leg	—	$2.4M	10x
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,616.6	−0.084%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,617.2	−0.047%	$79K	$225K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,617	−0.064%	$1.6M	$509K	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	1,671.9	+3.331%	$2.6M	$6.0M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,616.4	−0.098%	$142K	$808K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,619.4	+0.085%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,616.8	−0.071%	$22.8M	$17.1M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,615.9	−0.129%	$6.6M	$5.0M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,619.9	+0.119%	$375K	$69K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,616.7	−0.082%	$2.6M	$758K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,616	−0.125%	$2K	$182K	10x	as long as short
BloFin OPENAI-USDT	+0.0059%	8h	1,617.2	−0.047%	$474K	$297K	20x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.0072%	1h	1,622.8	+0.296%	$226K	$165K	5x	as long as short
Aevo OPENAI-PERPshort	+0.0104%	1h	1,616.7	−0.083%	—	—	10x
Entropy io:OAI	+0.0124%	1h	1,666.3	+2.985%	$7.6M	$2.3M	6x	as long as short