Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h —

Price spread now: SunX against Aevo+0.106%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 SunX

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 pays, funding is against you. SunX is 0.106% dearer against Aevo than usual: you sell high and buy low (spread +0.106% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo OPENAI-PERP	1,617.6	0.0104	pay 0.0013% / 1h	34m 24s	—	—	10x
Short	SunX OPENAI-USDT	1,619.3	0	get 0.0000% / 8h	34m 24s	—	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Aevo. 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 AevobpFee SunXbpOrdersPrice spread, now +0.106%Rate

Funding earned: −$21.84
Price spread: +0.106% → 0.000%: $10.57
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$35.27
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; SunX: live order book, 2 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 SunX live order book, 2 min ago	500.37 bp	doesn't fit	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
QFEX OPENAI-USD	−0.0005%	1h	1,616.7	−0.054%	$1.2M	$617K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,706.3	+5.486%	$1.4M	$268K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,657.3	+2.457%	$738K	$263K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,647.4	+1.843%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,615.6	−0.122%	$45.3M	$13.8M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,618.3	+0.041%	$5.4M	$4.4M	20x	as long as short
SunX OPENAI-USDTshort	0.0000%	8h	1,619.3	+0.106%	—	$2.4M	10x
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,617.6	0.000%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,617	−0.037%	$79K	$224K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,617.4	−0.011%	$1.6M	$508K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH OPENAI	+0.0032%	1h	1,671.1	+3.310%	$2.7M	$6.1M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,616.7	−0.052%	$142K	$808K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,619.3	+0.108%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,617	−0.034%	$22.8M	$16.8M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,617.6	+0.003%	$6.6M	$5.0M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,619.8	+0.139%	$375K	$67K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,617.5	−0.005%	$2.6M	$758K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,616.6	−0.061%	$2K	$181K	10x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.0072%	1h	1,619.5	+0.121%	$226K	$166K	5x	as long as short
BloFin OPENAI-USDT	+0.0075%	8h	1,617.3	−0.016%	$474K	$296K	20x	as long as short
Aevo OPENAI-PERPlong	+0.0104%	1h	1,617.6	long leg	—	—	10x
Entropy io:OAI	+0.0124%	1h	1,665.9	+2.986%	$7.6M	$2.3M	6x	as long as short