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: SunX against Bitget+0.025%7-day average −0.004% · you sell dearer than you buy

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

Long on Bitget Short on SunX

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)−0.020%−$2 · spread now +0.025%, 7d avg −0.004%

Together, before fees−0.020%−$2 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: SunX is 0.029% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget OPENAIUSDT	1,617.8	0	get 0.0000% / 8h	53m 58s	$5.4M	$4.6M	20x
Short	SunX OPENAI-USDT	1,618.2	0	get 0.0000% / 8h	53m 58s	—	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee BitgetbpFee SunXbpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → −0.004%: $2.95
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$17.05
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 min ago; SunX: 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 Bitget live order book, 4 min ago	1.95 bp	31.5 bp −$32	44.0 bp −$440	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	500.20 bp	doesn't fit	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
QFEX OPENAI-USD	−0.0005%	1h	1,616.7	−0.067%	$1.2M	$621K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,710.4	+5.723%	$1.4M	$267K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,657.6	+2.461%	$738K	$263K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,647.2	+1.818%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,614.4	−0.208%	$45.1M	$13.5M	50x	as long as short
Bitget OPENAIUSDTlong	0.0000%	8h	1,617.8	long leg	$5.4M	$4.6M	20x
SunX OPENAI-USDTshort	0.0000%	8h	1,618.2	+0.025%	—	$2.4M	10x
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,616.3	−0.092%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,618.3	+0.034%	$79K	$227K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,616.4	−0.087%	$1.6M	$513K	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	1,675.6	+3.570%	$2.6M	$6.0M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,616.3	−0.092%	$142K	$700K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,619.2	+0.090%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,616.8	−0.060%	$22.8M	$17.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,616.2	−0.096%	$6.6M	$5.0M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,619.9	+0.132%	$375K	$70K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,617.3	−0.032%	$2.6M	$753K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,617.8	+0.002%	$2K	$181K	10x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.0072%	1h	1,620.1	+0.143%	$226K	$165K	5x	as long as short
BloFin OPENAI-USDT	+0.0073%	8h	1,618.2	+0.023%	$473K	$303K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,616.6	−0.073%	—	—	10x	as long as short
Entropy io:OAI	+0.0166%	1h	1,668.9	+3.159%	$7.7M	$2.3M	6x	as long as short