Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.8185%/8h= −896.2% APRpaid last 24h −0.106%

Price spread now: OKX against Deribit+1.525%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. OKX is 1.525% dearer against Deribit than usual: you sell high and buy low (spread +1.525% now, against zero (this spread has no 7-day history yet)): +$152 on $10k if it goes back. Holding the pair costs −$246 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit OPENAI_USDC-PERPETUAL	1,658	0.8185	pay 0.1023% / 1h	56m 14s	$3K	$3K	5x
Short	OKX OPENAI-USDT-SWAP	1,683.3	0	get 0.0000% / 8h	4h 56m	$5.2M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +1.525%Rate

Funding earned: −$1,718.81
Price spread: +1.525% → 0.000%: $152.47
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$1,583.34
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Deribit: no order-book sample; OKX: live order book, 5 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 Deribit no order-book sample	—	—	—	—	—
Sell OKX live order book, 5 min ago	3.28 bp	53.4 bp −$53	doesn't fit	doesn't fit	doesn't fit

Deribit: 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 exchanges

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	−0.0001%	1h	1,658	−0.002%	$1.2M	$695K	10x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,692.1	+2.052%	$720K	$316K	25x	as long as short
OKX OPENAI-USDT-SWAPshort	0.0000%	8h	1,683.3	+1.525%	$5.2M	$1.3M	20x
Gate OPENAI_USDT	0.0000%	8h	1,655.8	−0.137%	$50.9M	$17.1M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,659.9	+0.113%	$5.7M	$3.6M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,657.2	−0.049%	—	$1.6M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,650.5	−0.453%	$80K	$173K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,658.3	+0.016%	$1.7M	$508K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,704.4	+2.797%	$2.8M	$6.3M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,658.8	+0.047%	$144K	$806K	10x	as long as short

Show all 22 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster OPENAIUSDT	+0.0050%	8h	1,659.9	+0.110%	$216K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,659.6	+0.096%	$23.5M	$18.3M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,658	−0.004%	$6.7M	$2.5M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,664.8	+0.408%	$389K	$306K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,650.9	−0.431%	$2.6M	$773K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,647.2	−0.653%	$2K	$171K	10x	as long as short
Lighter OPENAI	+0.0064%	1h	1,738.1	+4.830%	$1.5M	$264K	5x	as long as short
BloFin OPENAI-USDT	+0.0078%	8h	1,657.7	−0.020%	$491K	$332K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,659	+0.058%	—	—	10x	as long as short
Entropy io:OAI	+0.0772%	1h	1,690	+1.929%	$7.9M	$2.6M	6x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.1008%	1h	1,657.9	−0.009%	$233K	$179K	5x	as long as short
Deribit OPENAI_USDC-PERPETUALlong	+0.8185%	1h	1,658	long leg	$3K	$3K	5x