Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: GRVT against Variational Omni−0.103%7-day average +0.019% · you buy dearer than you sell

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

Long on Variational Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.010%−$1 on $10k

Price spread, last 3 days (all we have)+0.124%+$12 · spread now −0.103%, 7d avg +0.019%

Together, before fees+0.114%+ Points / potential airdropVariational Omni: Active · GRVT: Active · farm board+$11 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: GRVT is 0.122% cheaper against Variational Omni than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni OPENAI	1,635.7	0.0050	pay 0.0050% / 8h	7h 57m	$2.6M	$751K	—
Short	GRVT OPENAI_USDT_Perp	1,634	0.0050	get 0.0050% / 8h	7h 57m	$3K	$140K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GRVTbpOrdersPrice spread, now −0.103%Rate

Funding earned: $0
Price spread: −0.103% → +0.019%: −$12.19
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$21.19
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; GRVT: live order book, 10 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 Variational Omni RFQ quote, 2 min ago	3.19 bp	doesn't fit	112.7 bp −$1,127	doesn't fit	doesn't fit
Sell GRVT live order book, 10 min ago	1.87 bp	11.3 bp −$11	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	1,633.7	−0.123%	$235K	$150K	5x	as long as short
QFEX OPENAI-USD	0.0000%	1h	1,631.4	−0.265%	$1.2M	$387K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,712.3	+4.681%	$1.4M	$282K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,677.5	+2.558%	$772K	$209K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,661.6	+1.584%	$5.1M	$1.4M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,628.2	−0.457%	$52.7M	$39.1M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,632.8	−0.177%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,633	−0.164%	—	$2.6M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,632.6	−0.186%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,634	−0.103%	$79K	$214K	20x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex OPENAIUSDT	0.0000%	8h	1,631.2	−0.274%	$1.6M	$559K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,683.8	+2.941%	$2.7M	$6.2M	5x	as long as short
BloFin OPENAI-USDT	+0.0043%	8h	1,632.3	−0.205%	$473K	$279K	20x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,631.8	−0.240%	$132K	$662K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,636	+0.017%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,632	−0.225%	$23.2M	$18.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,631.5	−0.257%	$13.1M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,639.3	+0.218%	$379K	$65K	20x	as long as short
Variational Omni OPENAIlong	+0.0050%	8h	1,635.7	long leg	$2.6M	$751K	—
GRVT OPENAI_USDT_Perpshort	+0.0050%	8h	1,634	−0.103%	$3K	$140K	10x
Aevo OPENAI-PERP	+0.0104%	1h	1,631.7	−0.243%	—	—	10x	as long as short
Entropy io:OAI	+0.0165%	1h	1,676.9	+2.519%	$7.4M	$2.2M	6x	as long as short