Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h —

Price spread now: Aevo against Variational Omni+0.065%7-day average — · you sell dearer than you buy

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

Long on Variational Omni 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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aevo is 0.065% dearer against Variational Omni than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni OPENAI	1,615.2	0.0050	pay 0.0050% / 8h	2h 15m	$2.6M	$757K	—
Short	Aevo OPENAI-PERP	1,616.2	0.0104	get 0.0013% / 1h	15m 55s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Variational Omni. 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 Variational OmnibpFee AevobpOrdersPrice spread, now +0.065%Rate

Funding earned: $11.34
Price spread: +0.065% → 0.000%: $6.46
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: $1.8
Costs to cover: 0.160%
Break-even: 5.9 days

Slippage unknown: Variational Omni: RFQ quote, 3 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 Variational Omni RFQ quote, 3 min ago	3.71 bp	doesn't fit	29.9 bp −$299	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	1,616.1	+0.059%	$1.2M	$603K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,708	+5.747%	$1.4M	$264K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,657.4	+2.611%	$752K	$205K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,643.7	+1.766%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,613.4	−0.113%	$52.2M	$19.7M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,617.7	+0.157%	$5.4M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,617.3	+0.132%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,616.6	+0.085%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,617.1	+0.119%	$79K	$225K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,616.1	+0.056%	$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	+0.356%	$226K	$161K	5x	as long as short
BloFin OPENAI-USDT	+0.0023%	8h	1,616.2	+0.061%	$472K	$289K	20x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,675	+3.707%	$2.6M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,616.2	+0.063%	$141K	$896K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,619.9	+0.291%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,616.6	+0.090%	$22.8M	$17.3M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,616.7	+0.091%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,617.7	+0.154%	$373K	$70K	20x	as long as short
Variational Omni OPENAIlong	+0.0050%	8h	1,615.2	long leg	$2.6M	$757K	—
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,615.4	+0.015%	$2K	$170K	10x	as long as short
Aevo OPENAI-PERPshort	+0.0104%	1h	1,616.2	+0.065%	—	—	10x
Entropy io:OAI	+0.0122%	1h	1,665.1	+3.091%	$7.6M	$2.3M	6x	as long as short