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 0.000%

Price spread now: KuCoin against Variational Omni+0.131%7-day average +0.091% · you sell dearer than you buy

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.327%−$33 · spread now +0.131%, 7d avg +0.091%

Together, before fees−0.327%+ Points / potential airdropVariational Omni: Active · farm board−$33 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: KuCoin is 0.040% dearer against Variational Omni than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni OPENAI	1,629	0.0050	pay 0.0050% / 8h	7h 05m	$2.6M	$758K	—
Short	KuCoin OPENAIUSDTM	1,631.1	0.0050	get 0.0050% / 8h	7h 05m	$377K	$67K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.131%Rate

Funding earned: $0
Price spread: +0.131% → +0.091%: $3.97
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$8.03
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; KuCoin: live order book, 46 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, 4 min ago	3.35 bp	doesn't fit	93.9 bp −$939	doesn't fit	doesn't fit
Sell KuCoin live order book, 46 min ago	6.72 bp	505.0 bp −$505	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	1,628.8	−0.013%	$225K	$150K	5x	as long as short
QFEX OPENAI-USD	0.0000%	1h	1,629.5	+0.032%	$1.2M	$415K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,714.5	+5.245%	$1.4M	$288K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,669.9	+2.507%	$768K	$207K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,658.9	+1.835%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,627.1	−0.114%	$52.7M	$39.2M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,629.8	+0.048%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,629.2	+0.012%	—	$2.5M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,630	+0.061%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,629.7	+0.043%	$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	1,629.2	+0.015%	$1.6M	$565K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,681.8	+3.242%	$2.7M	$6.3M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,629.1	+0.003%	$132K	$716K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,636.8	+0.476%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,629.5	+0.029%	$23.1M	$18.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,629.6	+0.039%	$13.1M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTMshort	+0.0050%	8h	1,631.1	+0.131%	$377K	$67K	20x
Variational Omni OPENAIlong	+0.0050%	8h	1,629	long leg	$2.6M	$758K	—
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,628.9	−0.005%	$2K	$138K	10x	as long as short
BloFin OPENAI-USDT	+0.0075%	8h	1,628.9	−0.008%	$475K	$280K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,628.8	−0.014%	—	—	10x	as long as short
Entropy io:OAI	+0.0108%	1h	1,673.5	+2.732%	$7.4M	$2.2M	6x	as long as short