Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h −0.207%

Price spread now: BloFin against Coinbase International−0.136%7-day average −0.434% · you buy dearer than you sell

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$560.563% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.709%−$71 on $10k

Price spread, last 4 days (all we have)−0.926%−$93 · spread now −0.136%, 7d avg −0.434%

Together, before fees−1.634%−$163 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: BloFin is 0.297% dearer against Coinbase International than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of −0.434%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International OPENAI-PERP-INTX	1,619.5	0.0072	pay 0.0009% / 1h	34m 44s	$226K	$166K	5x
Short	BloFin OPENAI-USDT	1,617.3	0.0075	get 0.0075% / 8h	34m 44s	$474K	$296K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee BloFinbpOrdersPrice spread, now −0.136%Rate

Funding earned: $0.63
Price spread: −0.136% → −0.434%: $29.71
Slippage, 4 orders: −$34.31
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$25.97
Costs to cover: 0.563%
Break-even: 294.8 days

Slippage from Coinbase International: live order book, 3 min ago; BloFin: live order book, 46 min ago.

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, 3 min ago	8.07 bp	21.6 bp −$22	48.9 bp −$489	doesn't fit	doesn't fit
Sell BloFin live order book, 46 min ago	0.22 bp	11.7 bp −$12	12.1 bp −$121	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	1,617.7	−0.114%	$1.2M	$617K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,706.3	+5.359%	$1.4M	$268K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,658.3	+2.394%	$738K	$263K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,647.4	+1.720%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,615.5	−0.252%	$45.3M	$13.8M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,618.5	−0.067%	$5.4M	$4.4M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,619.3	−0.015%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,617.6	−0.120%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,617	−0.157%	$79K	$224K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,617.4	−0.131%	$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	1,671.1	+3.186%	$2.7M	$6.1M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,617.3	−0.140%	$142K	$808K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,619.5	−0.002%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,617.2	−0.145%	$22.8M	$16.8M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,618.1	−0.092%	$6.6M	$5.0M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,619.8	+0.019%	$375K	$67K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,617.5	−0.125%	$2.6M	$758K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,616.6	−0.181%	$2K	$181K	10x	as long as short
Coinbase International OPENAI-PERP-INTXlong	+0.0072%	1h	1,619.5	long leg	$226K	$166K	5x
BloFin OPENAI-USDTshort	+0.0075%	8h	1,617.3	−0.136%	$474K	$296K	20x
Aevo OPENAI-PERP	+0.0104%	1h	1,617.6	−0.120%	—	—	10x	as long as short
Entropy io:OAI	+0.0124%	1h	1,665.9	+2.863%	$7.6M	$2.3M	6x	as long as short