Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h —

Price spread now: Deribit against Gate+0.323%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 16 hours (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Deribit is 0.323% dearer against Gate than usual: you sell high and buy low: +$32 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate OPENAI_USDT	1,619.5	0	get 0.0000% / 8h	5h 28m	$52.4M	$28.7M	50x
Short	Deribit OPENAI_USDC-PERPETUAL	1,624.7	0.0029	get 0.0004% / 1h	28m 07s	—	$3	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Gate. 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 GatebpFee DeribitbpOrdersPrice spread, now +0.323%Rate

Funding earned: $6.08
Price spread: +0.323% → 0.000%: $32.29
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $16.37
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Gate: live order book, 6 min ago; Deribit: 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 Gate live order book, 6 min ago	2.44 bp	14.0 bp −$14	257.1 bp −$2,571	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

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 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	1,622.5	+0.188%	$225K	$159K	5x	as long as short
Lighter OPENAI	0.0000%	1h	1,708.7	+5.508%	$1.4M	$269K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,664.4	+2.775%	$761K	$204K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,651.1	+1.954%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDTlong	0.0000%	8h	1,619.5	long leg	$52.4M	$28.7M	50x
Bitget OPENAIUSDT	0.0000%	8h	1,624.5	+0.309%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,623.9	+0.275%	—	$2.4M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,623	+0.216%	$78K	$216K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,622.7	+0.199%	$1.6M	$543K	10x	as long as short
QFEX OPENAI-USD	0.0000%	1h	1,622.6	+0.195%	$1.2M	$474K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit OPENAI_USDC-PERPETUALshort	+0.0029%	1h	1,624.7	+0.323%	—	$3	5x
Lighter RH OPENAI	+0.0032%	1h	1,675.6	+3.469%	$2.7M	$6.2M	5x	as long as short
BloFin OPENAI-USDT	+0.0041%	8h	1,622.3	+0.178%	$475K	$277K	20x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,622.2	+0.167%	$135K	$722K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,628.4	+0.550%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,622.6	+0.195%	$22.9M	$17.8M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,622.6	+0.191%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,623.6	+0.259%	$374K	$71K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,624	+0.279%	$2.6M	$754K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622.3	+0.174%	$2K	$139K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,622.3	+0.176%	—	—	10x	as long as short
Entropy io:OAI	+0.0143%	1h	1,667.1	+2.942%	$7.4M	$2.1M	6x	as long as short