Settings8H · net · $10k
Funding arb · Price arb /

OPENAI

RWAall OPENAI markets
SwapBacktest
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: Gate against Bitget−0.302%7-day average −0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1081.077% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days+0.173%+$17 · spread now −0.302%, 7d avg −0.104%
Together, before fees+0.173%+$17 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: Gate is 0.198% cheaper against Bitget than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of −0.104%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget OPENAIUSDT1,622.60get 0.0000% / 8h3h 21m$5.5M$4.9M20x
ShortGate OPENAI_USDT1,617.70get 0.0000% / 8h3h 21m$52.4M$25.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$0
Price spread: −0.302% → −0.104%
−$19.81
Slippage, 4 orders
−$80.72
Fee Bitget: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$127.53
Costs to cover
1.077%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; Gate: live order book, 2 min ago.

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, 2 min ago0.92 bp39.2 bp −$3948.0 bp −$480doesn't fitdoesn't fit
Sell Gate live order book, 2 min ago1.98 bp17.2 bp −$17431.0 bp −$4,310doesn'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
QFEX OPENAI-USD−0.0001%1h1,620.7−0.112%$1.2M$574K10xas long as short
Lighter OPENAI0.0000%1h1,710.7+5.433%$1.4M$265K5xas long as short
Bybit OPENAIUSDT0.0000%8h1,663.5+2.526%$755K$206K25xas long as short
OKX OPENAI-USDT-SWAP0.0000%8h1,650.9+1.747%$5.1M$1.3M20xas long as short
Gate OPENAI_USDTshort0.0000%8h1,617.7−0.302%$52.4M$25.4M50x
Bitget OPENAIUSDTlong0.0000%8h1,622.6long leg$5.5M$4.9M20x
SunX OPENAI-USDT0.0000%8h1,622.8+0.015%$2.4M10xas long as short
Deribit OPENAI_USDC-PERPETUAL0.0000%1h1,620.9−0.100%$35xas long as short
HTX OPENAI-USDT0.0000%8h1,621.2−0.081%$79K$221K20xas long as short
Phemex OPENAIUSDT0.0000%8h1,620.7−0.118%$1.6M$535K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH OPENAI+0.0032%1h1,678.8+3.464%$2.7M$6.2M5xas long as short
Extended OPENAI-USD+0.0048%1h1,620.3−0.140%$143K$737K10xas long as short
Aster OPENAIUSDT+0.0050%8h1,624.2+0.102%$212K$3K20xas long as short
Binance OPENAIUSDT+0.0050%8h1,620.7−0.113%$22.9M$17.6M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,621−0.097%$13.0M$3.2M50xas long as short
KuCoin OPENAIUSDTM+0.0050%8h1,623.1+0.033%$376K$68K20xas long as short
Variational Omni OPENAI+0.0050%8h1,620.1−0.153%$2.6M$766Kas long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,620.6−0.119%$2K$159K10xas long as short
Coinbase International OPENAI-PERP-INTX+0.0056%1h1,623.9+0.082%$226K$161K5xas long as short
BloFin OPENAI-USDT+0.0074%8h1,620.7−0.115%$472K$286K20xas long as short
Aevo OPENAI-PERP+0.0104%1h1,620.5−0.124%10xas long as short
Entropy io:OAI+0.0110%1h1,670.8+2.973%$7.7M$2.3M6xas long as short