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

OPENAI

RWAall OPENAI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h −0.057%
Price spread now: Aster against Entropy−2.491%7-day average −4.388% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.505%−$51 on $10k
Price spread, last 4 days (all we have)−2.927%−$293 · spread now −2.491%, 7d avg −4.388%
Together, before fees−3.433%+ Points / potential airdropAster: Stage 5 · farm board−$343 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 1.898% dearer against Entropy than usual: you sell high and buy low (spread −2.491% now, against its 7-day average of −4.388%): +$190 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5 months. At the pace of the last 7 days (−0.505% in total) that is about 26 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongEntropy io:OAI1,676.20.0091pay 0.0011% / 1h49m 03s$7.4M$2.2M6x
ShortAster OPENAIUSDT1,634.50.0050get 0.0050% / 8h7h 49m$213K$3K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Entropy. 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
−$8.67
Price spread: −2.491% → −4.388%
$189.78
Slippage, 4 orders
no order book: not counted
Fee Entropy: 9 bp × 2 orders
−$18
Fee Aster: 4 bp × 2 orders
−$8
Net
$155.11
Costs to cover
0.260%
Break-even
from the start
Slippage unknown: Entropy: live order book, 6 min ago; Aster: live order book, 22 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Entropy live order book, 6 min ago1.79 bp17.1 bp −$17doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 22 min ago34.76 bp76.2 bp −$76doesn'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
Deribit OPENAI_USDC-PERPETUAL−0.0074%1h1,627.8−2.887%$35xas long as short
Coinbase International OPENAI-PERP-INTX−0.0024%1h1,627.8−2.886%$230K$152K5xas long as short
QFEX OPENAI-USD0.0000%1h1,627.8−2.886%$1.2M$386K10xas long as short
Lighter OPENAI0.0000%1h1,709.8+2.004%$1.4M$282K5xas long as short
Bybit OPENAIUSDT0.0000%8h1,671.7−0.269%$770K$209K25xas long as short
OKX OPENAI-USDT-SWAP0.0000%8h1,660.3−0.949%$5.1M$1.4M20xas long as short
Gate OPENAI_USDT0.0000%8h1,624.8−3.069%$52.6M$39.2M50xas long as short
Bitget OPENAIUSDT0.0000%8h1,628−2.873%$5.5M$5.1M20xas long as short
SunX OPENAI-USDT0.0000%8h1,628.8−2.828%$2.6M10xas long as short
HTX OPENAI-USDT0.0000%8h1,627.9−2.883%$79K$214K20xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex OPENAIUSDT0.0000%8h1,627.3−2.919%$1.6M$561K10xas long as short
Lighter RH OPENAI+0.0032%1h1,681.6+0.320%$2.7M$6.2M5xas long as short
BloFin OPENAI-USDT+0.0036%8h1,628.2−2.866%$473K$278K20xas long as short
Extended OPENAI-USD+0.0048%1h1,627.7−2.890%$134K$715K10xas long as short
Aster OPENAIUSDTshort+0.0050%8h1,634.5−2.491%$213K$3K20x
Binance OPENAIUSDT+0.0050%8h1,627.9−2.879%$23.1M$18.9M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,627.5−2.904%$13.1M$3.2M50xas long as short
KuCoin OPENAIUSDTM+0.0050%8h1,637.1−2.333%$378K$65K20xas long as short
Variational Omni OPENAI+0.0050%8h1,626.8−2.946%$2.6M$752Kas long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,631.6−2.661%$2K$139K10xas long as short
Entropy io:OAIlong+0.0091%1h1,676.2long leg$7.4M$2.2M6x
Aevo OPENAI-PERP+0.0104%1h1,627.9−2.884%10xas long as short