Settings8H · net · $10k
Funding arb · Price arb /

OPENAI

RWAall OPENAI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0294%/8h= +32.2% APRpaid last 24h +0.200%
Price spread now: Coinbase International against Variational Omni+0.124%7-day average +0.477% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.656%+$66 on $10k
Price spread, last 4 days (all we have)+1.071%+$107 · spread now +0.124%, 7d avg +0.477%
Together, before fees+1.727%+ Points / potential airdropVariational Omni: Active · farm board+$173 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.353% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.124% now, against its 7-day average of +0.477%). If the spread goes back, that is −$35 on $10k: about 4.0 days of funding at the current rate (+$9 a day). At the pace of the last 4 days (+0.656% in total) that is about 47 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni OPENAI1,621.70.0050pay 0.0050% / 8h7h 53m$2.6M$760K
ShortCoinbase International OPENAI-PERP-INTX1,623.70.0344get 0.0043% / 1h53m 41s$235K$173K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$61.74
Price spread: +0.124% → +0.477%
−$35.27
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$16.47
Costs to cover
0.100%
Break-even
5.1 days
Slippage unknown: Variational Omni: RFQ quote, just now; Coinbase International: live order book, 44 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, just now3.76 bpdoesn't fit77.7 bp −$777doesn't fitdoesn't fit
Sell Coinbase International live order book, 44 min ago8.07 bp15.1 bp −$1546.7 bp −$467doesn't fitdoesn't fit

OPENAI on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX OPENAI-USD−0.0004%1h1,622.1+0.022%$1.2M$631K10xas long as short
Lighter OPENAI0.0000%1h1,710.2+5.456%$1.4M$273K5xas long as short
Bybit OPENAIUSDT0.0000%8h1,658.5+2.268%$732K$271K25xas long as short
OKX OPENAI-USDT-SWAP0.0000%8h1,649.7+1.725%$5.1M$1.3M20xas long as short
Gate OPENAI_USDT0.0000%8h1,619.9−0.112%$45.6M$9.1M50xas long as short
Bitget OPENAIUSDT0.0000%8h1,622.4+0.039%$5.4M$3.9M20xas long as short
SunX OPENAI-USDT0.0000%8h1,622+0.017%$2.4M10xas long as short
HTX OPENAI-USDT0.0000%8h1,622.4+0.039%$79K$225K20xas long as short
Phemex OPENAIUSDT0.0000%8h1,621.7−0.004%$1.6M$499K10xas long as short
Lighter RH OPENAI+0.0032%1h1,678.2+3.481%$2.7M$6.1M5xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended OPENAI-USD+0.0048%1h1,621.5−0.012%$141K$808K10xas long as short
Aster OPENAIUSDT+0.0050%8h1,624.6+0.180%$212K$3K20xas long as short
Binance OPENAIUSDT+0.0050%8h1,622.2+0.031%$22.9M$16.5M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,622.3+0.033%$6.6M$2.4M50xas long as short
KuCoin OPENAIUSDTM+0.0050%8h1,621.8+0.005%$373K$86K20xas long as short
Variational Omni OPENAIlong+0.0050%8h1,621.7long leg$2.6M$760K
GRVT OPENAI_USDT_Perp+0.0050%8h1,618.1−0.223%$2K$176K10xas long as short
BloFin OPENAI-USDT+0.0070%8h1,621.5−0.016%$480K$296K20xas long as short
Aevo OPENAI-PERP+0.0104%1h1,621.8+0.004%10xas long as short
Entropy io:OAI+0.0238%1h1,666.5+2.761%$7.6M$2.3M6xas long as short
Coinbase International OPENAI-PERP-INTXshort+0.0344%1h1,623.7+0.124%$235K$173K5x
Deribit OPENAI_USDC-PERPETUAL+0.0352%1h1,622.3+0.038%$35xas long as short