Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h —

Price spread now: Aevo against Deribit−0.007%7-day average — · you buy dearer than you sell

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

Long on Deribit 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit OPENAI_USDC-PERPETUAL	1,622.2	0	get 0.0000% / 1h	3m 29s	—	$3	5x
Short	Aevo OPENAI-PERP	1,622.1	0.0104	get 0.0013% / 1h	3m 29s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Deribit. 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 DeribitbpFee AevobpOrdersPrice spread, now −0.007%Rate

Funding earned: $21.84
Price spread: −0.007% → 0.000%: −$0.71
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$1.87
Costs to cover: 0.230%
Break-even: 7.6 days

Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Deribit and 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
Coinbase International OPENAI-PERP-INTX	−0.0104%	1h	1,627	+0.295%	$225K	$159K	5x	as long as short
Lighter OPENAI	0.0000%	1h	1,707.5	+5.257%	$1.4M	$269K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,662.1	+2.461%	$758K	$207K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,649.7	+1.696%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,618.2	−0.245%	$52.3M	$28.8M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,622.9	+0.044%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,623.7	+0.094%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUALlong	0.0000%	1h	1,622.2	long leg	—	$3	5x
HTX OPENAI-USDT	0.0000%	8h	1,622.9	+0.045%	$79K	$217K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,621.1	−0.070%	$1.6M	$545K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX OPENAI-USD	0.0000%	1h	1,621.7	−0.029%	$1.2M	$491K	10x	as long as short
BloFin OPENAI-USDT	+0.0029%	8h	1,624.3	+0.129%	$476K	$278K	20x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,674.5	+3.227%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,621.8	−0.021%	$141K	$737K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,627.1	+0.302%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,621.9	−0.017%	$22.9M	$17.8M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,621.7	−0.031%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,624.6	+0.147%	$374K	$69K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,622.5	+0.020%	$2.6M	$760K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,623.6	+0.086%	$2K	$144K	10x	as long as short
Aevo OPENAI-PERPshort	+0.0104%	1h	1,622.1	−0.007%	—	—	10x
Entropy io:OAI	+0.0151%	1h	1,667.1	+2.769%	$7.4M	$2.1M	6x	as long as short