Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.08 per $10,000 · paid last 24h —

Price spread now: Aevo against Coinbase International−0.454%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Aevo

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

Funding pays, the price is against you. Aevo is 0.454% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.454% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$45 on $10k: about 24 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International OPENAI-PERP-INTX	1,625	0.0040	pay 0.0005% / 1h	26m 21s	$226K	$162K	5x
Short	Aevo OPENAI-PERP	1,617.7	0.0104	get 0.0013% / 1h	26m 21s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Coinbase International. 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 Coinbase InternationalbpFee AevobpOrdersPrice spread, now −0.454%Rate

Funding earned: $13.44
Price spread: −0.454% → 0.000%: −$45.43
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$57.99
Costs to cover: 0.260%
Break-even: 37.2 days

Slippage unknown: Coinbase International: live order book, 17 min ago; Aevo: no order-book sample. 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 Coinbase International live order book, 17 min ago	9.61 bp	20.9 bp −$21	50.3 bp −$503	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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	−0.0002%	1h	1,617.6	−0.458%	$1.2M	$609K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,712.8	+5.403%	$1.4M	$264K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,659	+2.091%	$753K	$204K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,648.8	+1.462%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,614.5	−0.647%	$52.3M	$18.1M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,619.1	−0.368%	$5.4M	$4.6M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,619.5	−0.341%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,618.2	−0.423%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,618.3	−0.415%	$79K	$228K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,617.1	−0.489%	$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	1,680	+3.380%	$2.7M	$6.1M	5x	as long as short
Coinbase International OPENAI-PERP-INTXlong	+0.0040%	1h	1,625	long leg	$226K	$162K	5x
Extended OPENAI-USD	+0.0048%	1h	1,617.4	−0.469%	$144K	$581K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,621.7	−0.207%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,617.8	−0.448%	$22.8M	$16.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,617.7	−0.450%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,620.5	−0.282%	$372K	$68K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,618.8	−0.384%	$2.6M	$757K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,617.9	−0.440%	$2K	$176K	10x	as long as short
BloFin OPENAI-USDT	+0.0066%	8h	1,618.1	−0.428%	$473K	$289K	20x	as long as short
Aevo OPENAI-PERPshort	+0.0104%	1h	1,617.7	−0.454%	—	—	10x
Entropy io:OAI	+0.0146%	1h	1,670.2	+2.779%	$7.7M	$2.3M	6x	as long as short