Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Gate+1.955%7-day average +2.178% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1131.126% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.352%+$35 · spread now +1.955%, 7d avg +2.178%

Together, before fees+0.352%+$35 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: OKX is 0.222% cheaper against Gate than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +2.178%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate OPENAI_USDT	1,620.2	0	get 0.0000% / 8h	5h 51m	$52.4M	$28.7M	50x
Short	OKX OPENAI-USDT-SWAP	1,651.9	0	get 0.0000% / 8h	5h 51m	$5.1M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +1.955%Rate

Funding earned: $0
Price spread: +1.955% → +2.178%: −$22.25
Slippage, 4 orders: −$87.59
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$134.84
Costs to cover: 1.126%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; OKX: live order book, 1 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 Gate live order book, 2 min ago	1.76 bp	13.8 bp −$14	218.0 bp −$2,180	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	3.33 bp	47.8 bp −$48	doesn't fit	doesn't fit	doesn't fit

OPENAI on 21 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	1,623.3	+0.188%	$224K	$158K	5x	as long as short
Lighter OPENAI	0.0000%	1h	1,708.1	+5.424%	$1.4M	$268K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,665.3	+2.782%	$763K	$203K	25x	as long as short
OKX OPENAI-USDT-SWAPshort	0.0000%	8h	1,651.9	+1.955%	$5.1M	$1.3M	20x
Gate OPENAI_USDTlong	0.0000%	8h	1,620.2	long leg	$52.4M	$28.7M	50x
Bitget OPENAIUSDT	0.0000%	8h	1,624.4	+0.260%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,623.5	+0.202%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,623.4	+0.195%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,623	+0.174%	$79K	$216K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,622.3	+0.125%	$1.6M	$546K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX OPENAI-USD	0.0000%	1h	1,622.8	+0.156%	$1.2M	$441K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,675.6	+3.418%	$2.7M	$6.1M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,622.3	+0.130%	$131K	$720K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,628.5	+0.513%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,623.1	+0.179%	$22.9M	$17.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,623.3	+0.189%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,621.9	+0.104%	$373K	$71K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,623.1	+0.177%	$2.6M	$752K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622.2	+0.124%	$2K	$137K	10x	as long as short
Entropy io:OAI	+0.0098%	1h	1,667.7	+2.930%	$7.4M	$2.1M	6x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,622.1	+0.115%	—	—	10x	as long as short