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Funding arb · Price arb /

OPENAI

RWAall OPENAI markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0227%/8h= +24.8% APRpaid last 24h +0.072%
Price spread now: Entropy against Bitget+2.540%7-day average +5.404% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BitgetShort on Entropy
What this pair did over the last
the charts below follow
Funding, last 7 days+0.611%+$61 on $10k
Price spread, last 7 days+3.909%+$391 · spread now +2.540%, 7d avg +5.404%
Together, before fees+4.521%+$452 on $10k · with fees, hour by hour
Funding pays, the price is against you. Entropy is 2.864% cheaper against Bitget than usual: you would sell low and buy high (spread +2.540% now, against its 7-day average of +5.404%). If the spread goes back, that is −$286 on $10k: about 42 days of funding at the current rate (+$7 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget OPENAIUSDT1,623.80get 0.0000% / 8h43m 26s$5.5M$5.1M20x
ShortEntropy io:OAI1,6650.0227get 0.0028% / 1h43m 26s$7.4M$2.2M6x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Entropy against Bitget. 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

Funding earned
$47.57
Price spread: +2.540% → +5.404%
−$286.45
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Entropy: 9 bp × 2 orders
−$18
Net
−$268.87
Costs to cover
0.300%
Break-even
46.6 days
Slippage unknown: Bitget: live order book, 5 min ago; Entropy: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 5 min ago2.83 bp23.4 bp −$2336.5 bp −$365doesn't fitdoesn't fit
Sell Entropy live order book, 3 min ago5.40 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

OPENAI on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International OPENAI-PERP-INTX−0.0168%1h1,625.7+0.118%$236K$143K5xas long as short
QFEX OPENAI-USD−0.0010%1h1,623.5−0.014%$1.2M$387K10xas long as short
Lighter OPENAI0.0000%1h1,702.7+4.858%$1.4M$286K5xas long as short
Bybit OPENAIUSDT0.0000%8h1,669.8+2.833%$764K$222K25xas long as short
OKX OPENAI-USDT-SWAP0.0000%8h1,654.4+1.887%$5.1M$1.4M20xas long as short
Gate OPENAI_USDT0.0000%8h1,620.4−0.208%$52.7M$39.4M50xas long as short
Bitget OPENAIUSDTlong0.0000%8h1,623.8long leg$5.5M$5.1M20x
SunX OPENAI-USDT0.0000%8h1,623.8+0.002%—$2.6M10xas long as short
Deribit OPENAI_USDC-PERPETUAL0.0000%1h1,624.2+0.026%—$35xas long as short
HTX OPENAI-USDT0.0000%8h1,623.4−0.022%$79K$213K20xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex OPENAIUSDT0.0000%8h1,623.9+0.010%$1.6M$560K10xas long as short
Lighter RH OPENAI+0.0032%1h1,675.3+3.175%$2.6M$6.2M5xas long as short
Extended OPENAI-USD+0.0048%1h1,623.3−0.026%$131K$667K10xas long as short
Aster OPENAIUSDT+0.0050%8h1,628.7+0.301%$212K$3K20xas long as short
Binance OPENAIUSDT+0.0050%8h1,623.6−0.007%$23.1M$18.8M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,623.1−0.040%$13.0M$3.1M50xas long as short
KuCoin OPENAIUSDTM+0.0050%8h1,627.7+0.243%$376K$64K20xas long as short
Variational Omni OPENAI+0.0050%8h1,623−0.045%$2.6M$753K—as long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,622−0.110%$2K$141K10xas long as short
BloFin OPENAI-USDT+0.0074%8h1,623.2−0.037%$470K$275K20xas long as short
Aevo OPENAI-PERP+0.0104%1h1,623.4−0.019%——10xas long as short
Entropy io:OAIshort+0.0227%1h1,665+2.540%$7.4M$2.2M6x