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 −0.188%

Price spread now: HTX against SunX−0.032%7-day average +0.004% · you buy dearer than you sell

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

Long on SunX 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 4 days (all we have)+0.020%+$2 · spread now −0.032%, 7d avg +0.004%

Together, before fees−0.168%−$17 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 0.037% cheaper against SunX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX OPENAI-USDT	1,619.2	0	get 0.0000% / 8h	1h 50m	—	$2.4M	10x
Short	HTX OPENAI-USDT	1,618.7	0	get 0.0000% / 8h	1h 50m	$79K	$226K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.032%Rate

Funding earned: $0
Price spread: −0.032% → +0.004%: −$3.65
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$23.65
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 7 min ago; HTX: live order book, 56 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, 7 min ago	500.91 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 56 min ago	3.50 bp	19.0 bp −$19	63.6 bp −$636	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	−0.0002%	1h	1,618	−0.077%	$1.2M	$612K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,712.6	+5.767%	$1.4M	$264K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,659.6	+2.497%	$753K	$205K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,646.3	+1.674%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,615.4	−0.235%	$52.3M	$18.0M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,620.1	+0.056%	$5.4M	$4.7M	20x	as long as short
SunX OPENAI-USDTlong	0.0000%	8h	1,619.2	long leg	—	$2.4M	10x
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,619	−0.014%	—	$3	5x	as long as short
HTX OPENAI-USDTshort	0.0000%	8h	1,618.7	−0.032%	$79K	$226K	20x
Phemex OPENAIUSDT	0.0000%	8h	1,618.9	−0.019%	$1.6M	$514K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin OPENAI-USDT	+0.0025%	8h	1,619.2	−0.003%	$472K	$290K	20x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,679.6	+3.729%	$2.7M	$6.0M	5x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.0040%	1h	1,625	+0.361%	$226K	$162K	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,617.7	−0.093%	$141K	$895K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,621.9	+0.166%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,618.8	−0.023%	$22.8M	$17.2M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,618.6	−0.036%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,620.5	+0.080%	$372K	$69K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,618	−0.072%	$2.6M	$757K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,619.3	+0.003%	$2K	$175K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,617.9	−0.081%	—	—	10x	as long as short
Entropy io:OAI	+0.0141%	1h	1,670.3	+3.156%	$7.7M	$2.3M	6x	as long as short