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

OPENAI

RWAall OPENAI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0218%/8h= +23.9% APRpaid last 24h −0.254%
Price spread now: Aster against Coinbase International+0.162%7-day average −0.341% · you sell dearer than you buy
Net, funding: paid 7d − costs−$573as in the Funding arb table
Net, price: spread back to 7d avg − costs−$458as in the Price arb table
costs, in and out, $10k−$5095.087% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.647%−$65 on $10k
Price spread, last 3 days (all we have)−1.149%−$115 · spread now +0.162%, 7d avg −0.341%
Together, before fees−1.796%+ Points / potential airdropAster: Stage 5 · farm board−$180 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Aster is 0.503% dearer against Coinbase International than usual: you sell high and buy low: +$50 more if the spread goes back to its 7-day average of −0.341%. Mind the row above: over the last 7 days funding on this pair cost −0.647%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International OPENAI-PERP-INTX1,625.4−0.0168get 0.0021% / 1h44m 42s$236K$143K5x
ShortAster OPENAIUSDT1,6280.0050get 0.0050% / 8h44m 42s$212K$3K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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
$45.78
Price spread: +0.162% → −0.341%
$50.26
Slippage, 4 orders
−$490.67
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$412.63
Costs to cover
5.087%
Break-even
70.1 days
Slippage from Coinbase International: live order book, 33 min ago; Aster: live order book, 32 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 Coinbase International live order book, 33 min ago7.38 bp20.1 bp −$2065.6 bp −$656doesn't fitdoesn't fit
Sell Aster live order book, 32 min ago58.23 bp95.4 bp −$95doesn'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-INTXlong−0.0168%1h1,625.4long leg$236K$143K5x
QFEX OPENAI-USD−0.0010%1h1,623.2−0.135%$1.2M$387K10xas long as short
Lighter OPENAI0.0000%1h1,702.3+4.732%$1.4M$286K5xas long as short
Bybit OPENAIUSDT0.0000%8h1,669.2+2.698%$764K$222K25xas long as short
OKX OPENAI-USDT-SWAP0.0000%8h1,653.5+1.731%$5.1M$1.4M20xas long as short
Gate OPENAI_USDT0.0000%8h1,620−0.331%$52.7M$39.4M50xas long as short
Bitget OPENAIUSDT0.0000%8h1,623.4−0.119%$5.5M$5.1M20xas long as short
SunX OPENAI-USDT0.0000%8h1,623.7−0.102%$2.6M10xas long as short
Deribit OPENAI_USDC-PERPETUAL0.0000%1h1,624.3−0.067%$35xas long as short
HTX OPENAI-USDT0.0000%8h1,623.4−0.120%$79K$213K20xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex OPENAIUSDT0.0000%8h1,623−0.146%$1.6M$560K10xas long as short
Lighter RH OPENAI+0.0032%1h1,674.9+3.045%$2.6M$6.2M5xas long as short
Extended OPENAI-USD+0.0048%1h1,622.5−0.174%$131K$667K10xas long as short
Aster OPENAIUSDTshort+0.0050%8h1,628+0.162%$212K$3K20x
Binance OPENAIUSDT+0.0050%8h1,622.8−0.156%$23.1M$18.9M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,622.8−0.157%$13.0M$3.1M50xas long as short
KuCoin OPENAIUSDTM+0.0050%8h1,627.7+0.145%$376K$64K20xas long as short
Variational Omni OPENAI+0.0050%8h1,623−0.143%$2.6M$753Kas long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,621.3−0.250%$2K$142K10xas long as short
BloFin OPENAI-USDT+0.0074%8h1,623.2−0.135%$470K$275K20xas long as short
Aevo OPENAI-PERP+0.0104%1h1,623.2−0.134%10xas long as short
Entropy io:OAI+0.0218%1h1,664.6+2.414%$7.4M$2.2M6xas long as short