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 +0.188%

Price spread now: Bitget against HTX+0.100%7-day average −0.001% · you sell dearer than you buy

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

Long on HTX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.188%+$19 on $10k

Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.100%, 7d avg −0.001%

Together, before fees+0.076%+$8 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: Bitget is 0.100% dearer against HTX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX OPENAI-USDT	1,617	0	get 0.0000% / 8h	36m 54s	$79K	$224K	20x
Short	Bitget OPENAIUSDT	1,618.6	0	get 0.0000% / 8h	36m 54s	$5.4M	$4.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against HTX. 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 HTXbpFee BitgetbpOrdersPrice spread, now +0.100%Rate

Funding earned: $0
Price spread: +0.100% → −0.001%: $10.02
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$13.98
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 65 min ago; Bitget: live order book, 1 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 HTX live order book, 65 min ago	3.89 bp	16.8 bp −$17	56.9 bp −$569	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	1.20 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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
QFEX OPENAI-USD	−0.0005%	1h	1,616.5	−0.034%	$1.2M	$617K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,707.2	+5.576%	$1.4M	$268K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,657.8	+2.523%	$738K	$262K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,646.1	+1.800%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,615.9	−0.068%	$45.3M	$13.8M	50x	as long as short
Bitget OPENAIUSDTshort	0.0000%	8h	1,618.6	+0.100%	$5.4M	$4.4M	20x
SunX OPENAI-USDT	0.0000%	8h	1,618.4	+0.087%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,616.8	−0.013%	—	$3	5x	as long as short
HTX OPENAI-USDTlong	0.0000%	8h	1,617	long leg	$79K	$224K	20x
Phemex OPENAIUSDT	0.0000%	8h	1,617.6	+0.038%	$1.6M	$508K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH OPENAI	+0.0032%	1h	1,671.7	+3.381%	$2.6M	$6.0M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,616.6	−0.025%	$142K	$808K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,619.4	+0.147%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,617.1	+0.004%	$22.8M	$16.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,616.3	−0.044%	$6.6M	$5.0M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,619.8	+0.176%	$375K	$68K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,616.7	−0.020%	$2.6M	$758K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,616.6	−0.024%	$2K	$181K	10x	as long as short
BloFin OPENAI-USDT	+0.0068%	8h	1,617.5	+0.031%	$474K	$296K	20x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.0072%	1h	1,617.9	+0.054%	$226K	$165K	5x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,616.5	−0.030%	—	—	10x	as long as short
Entropy io:OAI	+0.0124%	1h	1,666.2	+3.043%	$7.6M	$2.3M	6x	as long as short