Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h —

Price spread now: QFEX against Aevo+0.002%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on QFEX

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo OPENAI-PERP	1,627.6	0.0104	pay 0.0013% / 1h	47m 50s	—	—	10x
Short	QFEX OPENAI-USD	1,627.7	0.0000	pay 0.0000% / 1h	47m 50s	$1.2M	$386K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Aevo. 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 AevobpFee QFEXbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$21.92
Price spread: +0.002% → 0.000%: $0.22
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$47.7
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; 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 Aevo no order-book sample	—	—	—	—	—
Sell QFEX live order book, 3 min ago	3.22 bp	9.3 bp −$9	doesn't fit	doesn't fit	doesn't fit

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
Deribit OPENAI_USDC-PERPETUAL	−0.0148%	1h	1,627.5	−0.007%	—	$3	5x	as long as short
Coinbase International OPENAI-PERP-INTX	−0.0024%	1h	1,627.8	+0.012%	$230K	$152K	5x	as long as short
QFEX OPENAI-USDshort	0.0000%	1h	1,627.7	+0.002%	$1.2M	$386K	10x
Lighter OPENAI	0.0000%	1h	1,709.4	+5.021%	$1.4M	$282K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,671.8	+2.713%	$770K	$209K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,660.3	+2.008%	$5.1M	$1.4M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,624.4	−0.201%	$52.6M	$39.2M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,627.7	+0.005%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,628.1	+0.029%	—	$2.6M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,627.9	+0.016%	$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	1,627.1	−0.033%	$1.6M	$560K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,681.3	+3.300%	$2.7M	$6.2M	5x	as long as short
BloFin OPENAI-USDT	+0.0036%	8h	1,628.2	+0.033%	$473K	$278K	20x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,627.5	−0.009%	$132K	$729K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,634.3	+0.413%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,627.8	+0.011%	$23.1M	$18.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,627.7	+0.003%	$13.1M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,637.1	+0.582%	$379K	$65K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,626.8	−0.050%	$2.6M	$752K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,631.6	+0.244%	$2K	$139K	10x	as long as short
Entropy io:OAI	+0.0076%	1h	1,675.6	+2.948%	$7.4M	$2.2M	6x	as long as short
Aevo OPENAI-PERPlong	+0.0104%	1h	1,627.6	long leg	—	—	10x