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 Binance+0.199%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3,523as in the Funding arb table

Net, price: spread back to 7d avg − costs−$3,505as in the Price arb table

costs, in and out, $10k−$3,52335.228% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.199%, 7d avg +0.025%

Together, before fees−0.108%−$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: KuCoin is 0.175% dearer against Binance than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance OPENAIUSDT	1,622.1	0.0050	pay 0.0050% / 8h	4h 07m	$22.9M	$17.9M	20x
Short	KuCoin OPENAIUSDTM	1,625.3	0.0050	get 0.0050% / 8h	4h 07m	$375K	$70K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.199%Rate

Funding earned: $0
Price spread: +0.199% → +0.025%: $17.46
Slippage, 4 orders: −$3,500.84
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$3,505.38
Costs to cover: 35.228%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; KuCoin: live order book, 5 min ago.

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 Binance live order book, 3 min ago	0.99 bp	16.0 bp −$16	49.0 bp −$490	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	7.75 bp	2916.8 bp −$2,917	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	1,624.9	+0.175%	$226K	$161K	5x	as long as short
QFEX OPENAI-USD	−0.0004%	1h	1,622.3	+0.011%	$1.2M	$549K	10x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,663.8	+2.569%	$755K	$207K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,652	+1.844%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,618.7	−0.211%	$52.4M	$28.1M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,623.6	+0.093%	$5.5M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,623.3	+0.074%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,621.9	−0.011%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,623	+0.057%	$79K	$220K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,622	−0.003%	$1.6M	$546K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter OPENAI	+0.0008%	1h	1,713.1	+5.610%	$1.4M	$266K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,680.7	+3.612%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,621.7	−0.025%	$141K	$740K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,627.8	+0.350%	$212K	$3K	20x	as long as short
Binance OPENAIUSDTlong	+0.0050%	8h	1,622.1	long leg	$22.9M	$17.9M	20x
MEXC OPENAI_USDT	+0.0050%	8h	1,622	−0.005%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTMshort	+0.0050%	8h	1,625.3	+0.199%	$375K	$70K	20x
Variational Omni OPENAI	+0.0050%	8h	1,622.4	+0.018%	$2.6M	$766K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622.2	+0.010%	$2K	$151K	10x	as long as short
BloFin OPENAI-USDT	+0.0075%	8h	1,622.7	+0.037%	$475K	$287K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,622.1	+0.003%	—	—	10x	as long as short
Entropy io:OAI	+0.0231%	1h	1,675	+3.262%	$7.7M	$2.3M	6x	as long as short