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: Aster against MEXC+0.398%7-day average +0.135% · you sell dearer than you buy

Net, funding: paid 7d − costs−$517as in the Funding arb table

Net, price: spread back to 7d avg − costs−$491as in the Price arb table

costs, in and out, $10k−$5175.173% of the position

Long on MEXC Short on Aster

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.409%−$41 · spread now +0.398%, 7d avg +0.135%

Together, before fees−0.409%+ Points / potential airdropAster: Stage 5 · farm board−$41 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: Aster is 0.263% dearer against MEXC than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of +0.135%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC OPENAI_USDT	1,625.1	0.0050	pay 0.0050% / 8h	4h 36m	$13.0M	$3.2M	50x
Short	Aster OPENAIUSDT	1,631.5	0.0050	get 0.0050% / 8h	4h 36m	$213K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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 MEXCbpFee AsterbpOrdersPrice spread, now +0.398%Rate

Funding earned: $0
Price spread: +0.398% → +0.135%: $26.31
Slippage, 4 orders: −$509.29
Fee MEXC: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$490.98
Costs to cover: 5.173%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Aster: live order book, 20 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 MEXC live order book, 2 min ago	0.80 bp	1.0 bp −$1	2.6 bp −$26	doesn't fit	doesn't fit
Sell Aster live order book, 20 min ago	46.17 bp	91.1 bp −$91	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
Coinbase International OPENAI-PERP-INTX	−0.0024%	1h	1,625.7	+0.041%	$226K	$160K	5x	as long as short
QFEX OPENAI-USD	−0.0004%	1h	1,625.6	+0.031%	$1.2M	$537K	10x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,664	+2.393%	$757K	$207K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,652.2	+1.669%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,621.3	−0.230%	$52.4M	$28.1M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,625.6	+0.033%	$5.5M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,626.2	+0.070%	—	$2.4M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,624.1	−0.060%	$79K	$219K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,625.2	+0.007%	$1.6M	$546K	10x	as long as short
Lighter OPENAI	+0.0008%	1h	1,713.3	+5.431%	$1.4M	$266K	5x	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	1,681	+3.440%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,625.2	+0.006%	$144K	$736K	10x	as long as short
Aster OPENAIUSDTshort	+0.0050%	8h	1,631.5	+0.398%	$213K	$3K	20x
Binance OPENAIUSDT	+0.0050%	8h	1,625.5	+0.029%	$22.9M	$17.9M	20x	as long as short
MEXC OPENAI_USDTlong	+0.0050%	8h	1,625.1	long leg	$13.0M	$3.2M	50x
KuCoin OPENAIUSDTM	+0.0050%	8h	1,624.4	−0.039%	$376K	$70K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,624	−0.066%	$2.6M	$766K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622.8	−0.141%	$2K	$147K	10x	as long as short
BloFin OPENAI-USDT	+0.0080%	8h	1,625.8	+0.044%	$474K	$283K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,624.9	−0.010%	—	—	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	+0.0219%	1h	1,625.9	+0.050%	—	$3	5x	as long as short
Entropy io:OAI	+0.0244%	1h	1,671.7	+2.869%	$7.6M	$2.3M	6x	as long as short