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: Binance against KuCoin−0.001%7-day average −0.160% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,101as in the Price arb table

costs, in and out, $10k−$1,11711.169% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 2 days (all we have)−0.422%−$42 · spread now −0.001%, 7d avg −0.160%

Together, before fees−0.422%−$42 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: Binance is 0.159% dearer against KuCoin than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.160%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin OPENAIUSDTM	1,622.1	0.0050	pay 0.0050% / 8h	5h 49m	$374K	$71K	20x
Short	Binance OPENAIUSDT	1,622.1	0.0050	get 0.0050% / 8h	5h 49m	$22.9M	$17.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now −0.001%Rate

Funding earned: $0
Price spread: −0.001% → −0.160%: $15.89
Slippage, 4 orders: −$1,094.89
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$1,101
Costs to cover: 11.169%
Break-even: never at this rate

Slippage from KuCoin: live order book, 48 min ago; Binance: live order book, 7 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 KuCoin live order book, 48 min ago	13.85 bp	636.5 bp −$636	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.80 bp	18.4 bp −$18	20.1 bp −$201	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	+0.070%	$224K	$158K	5x	as long as short
Lighter OPENAI	0.0000%	1h	1,707.4	+5.255%	$1.4M	$268K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,664.2	+2.594%	$763K	$203K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,651.7	+1.824%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,618.8	−0.203%	$52.4M	$28.7M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,623.2	+0.068%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,623.4	+0.079%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,621.8	−0.023%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,623.9	+0.107%	$79K	$216K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,621.7	−0.028%	$1.6M	$544K	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	1,622.5	+0.025%	$1.2M	$443K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,674.9	+3.251%	$2.7M	$6.1M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,621.8	−0.018%	$131K	$720K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,627.3	+0.319%	$212K	$3K	20x	as long as short
Binance OPENAIUSDTshort	+0.0050%	8h	1,622.1	−0.001%	$22.9M	$17.8M	20x
MEXC OPENAI_USDT	+0.0050%	8h	1,621.9	−0.017%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTMlong	+0.0050%	8h	1,622.1	long leg	$374K	$71K	20x
Variational Omni OPENAI	+0.0050%	8h	1,622.7	+0.034%	$2.6M	$752K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622.3	+0.012%	$2K	$137K	10x	as long as short
Entropy io:OAI	+0.0097%	1h	1,667.5	+2.798%	$7.4M	$2.1M	6x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,621.7	−0.027%	—	—	10x	as long as short