Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: QFEX against SunX−0.046%7-day average +0.015% · you buy dearer than you sell

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

Long on SunX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.046%, 7d avg +0.015%

Together, before fees+0.002%$0 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: QFEX is 0.061% cheaper against SunX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX OPENAI-USDT	1,624.9	0	get 0.0000% / 8h	4h 23m	—	$2.4M	10x
Short	QFEX OPENAI-USD	1,624.2	−0.0004	pay 0.0000% / 1h	23m 30s	$1.2M	$545K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$0.79
Price spread: −0.046% → +0.015%: −$6.13
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$24.92
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 3 min ago; QFEX: live order book, 3 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, 3 min ago	500.20 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	1.97 bp	8.7 bp −$9	doesn't fit	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
Coinbase International OPENAI-PERP-INTX	−0.0024%	1h	1,624.9	+0.002%	$226K	$161K	5x	as long as short
QFEX OPENAI-USDshort	−0.0004%	1h	1,624.2	−0.046%	$1.2M	$545K	10x
Bybit OPENAIUSDT	0.0000%	8h	1,664	+2.406%	$755K	$207K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,652.6	+1.705%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,620.9	−0.246%	$52.4M	$28.1M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,625.1	+0.010%	$5.5M	$5.0M	20x	as long as short
SunX OPENAI-USDTlong	0.0000%	8h	1,624.9	long leg	—	$2.4M	10x
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,624.1	−0.052%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,624.4	−0.031%	$79K	$219K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,623.9	−0.062%	$1.6M	$546K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter OPENAI	+0.0008%	1h	1,714.9	+5.541%	$1.4M	$266K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,682.1	+3.517%	$2.7M	$6.2M	5x	as long as short
BloFin OPENAI-USDT	+0.0036%	8h	1,624.8	−0.004%	$474K	$284K	20x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,623.9	−0.063%	$144K	$736K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,629.3	+0.274%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,624.3	−0.036%	$22.9M	$17.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,624.3	−0.039%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,625.3	+0.026%	$375K	$70K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,623.6	−0.078%	$2.6M	$766K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,625	+0.005%	$2K	$149K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,623.8	−0.070%	—	—	10x	as long as short
Entropy io:OAI	+0.0270%	1h	1,675.8	+3.133%	$7.7M	$2.3M	6x	as long as short