Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against SunX−0.296%7-day average −0.166% · you buy dearer than you sell

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

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.224%+$22 · spread now −0.296%, 7d avg −0.166%

Together, before fees+0.224%+$22 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: Gate is 0.131% cheaper against SunX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.166%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX OPENAI-USDT	1,617.9	0	get 0.0000% / 8h	2h 16m	—	$2.4M	10x
Short	Gate OPENAI_USDT	1,613.1	0	get 0.0000% / 8h	2h 16m	$52.2M	$19.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.296%Rate

Funding earned: $0
Price spread: −0.296% → −0.166%: −$13.05
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$36.05
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; Gate: live order book, 2 min ago. 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, 10 min ago	500.37 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	4.00 bp	29.8 bp −$30	754.0 bp −$7,540	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
QFEX OPENAI-USD	−0.0005%	1h	1,616.5	−0.085%	$1.2M	$603K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,708	+5.566%	$1.4M	$264K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,657.4	+2.438%	$752K	$205K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,643.7	+1.595%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDTshort	0.0000%	8h	1,613.1	−0.296%	$52.2M	$19.7M	50x
Bitget OPENAIUSDT	0.0000%	8h	1,618	+0.006%	$5.4M	$5.0M	20x	as long as short
SunX OPENAI-USDTlong	0.0000%	8h	1,617.9	long leg	—	$2.4M	10x
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,616.8	−0.071%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,616.7	−0.073%	$79K	$225K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,615.8	−0.132%	$1.6M	$522K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International OPENAI-PERP-INTX	+0.0016%	1h	1,620.9	+0.187%	$226K	$161K	5x	as long as short
BloFin OPENAI-USDT	+0.0023%	8h	1,616.2	−0.108%	$472K	$289K	20x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,674.9	+3.526%	$2.6M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,615.9	−0.123%	$142K	$893K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,620	+0.128%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,616.3	−0.096%	$22.8M	$17.3M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,616.3	−0.100%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,617.7	−0.015%	$373K	$70K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,615.2	−0.169%	$2.6M	$757K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,615.4	−0.153%	$2K	$170K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,616.4	−0.092%	—	—	10x	as long as short
Entropy io:OAI	+0.0122%	1h	1,665.1	+2.917%	$7.6M	$2.3M	6x	as long as short