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: Bitget against OKX−1.655%7-day average −2.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1531.534% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.479%−$48 · spread now −1.655%, 7d avg −2.078%

Together, before fees−0.479%−$48 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 0.423% dearer against OKX than usual: you sell high and buy low, +$42 on $10k if it goes back to its 7-day average of −2.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX OPENAI-USDT-SWAP	1,650.9	0	get 0.0000% / 8h	6h 39m	$5.1M	$1.3M	20x
Short	Bitget OPENAIUSDT	1,623.6	0	get 0.0000% / 8h	6h 39m	$5.5M	$5.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now −1.655%Rate

Funding earned: $0
Price spread: −1.655% → −2.078%: $42.3
Slippage, 4 orders: −$131.44
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$111.13
Costs to cover: 1.534%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Bitget: live order book, 3 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 OKX live order book, 3 min ago	3.93 bp	40.7 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.61 bp	23.5 bp −$24	52.0 bp −$520	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
Deribit OPENAI_USDC-PERPETUAL	−0.0268%	1h	1,622.2	−1.741%	—	$3	5x	as long as short
QFEX OPENAI-USD	−0.0004%	1h	1,623	−1.689%	$1.2M	$407K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,709	+3.521%	$1.4M	$280K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,666.3	+0.932%	$764K	$205K	25x	as long as short
OKX OPENAI-USDT-SWAPlong	0.0000%	8h	1,650.9	long leg	$5.1M	$1.3M	20x
Gate OPENAI_USDT	0.0000%	8h	1,619.9	−1.879%	$52.4M	$31.8M	50x	as long as short
Bitget OPENAIUSDTshort	0.0000%	8h	1,623.6	−1.655%	$5.5M	$5.1M	20x
SunX OPENAI-USDT	0.0000%	8h	1,623.8	−1.642%	—	$2.5M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,624.7	−1.585%	$79K	$216K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,621.9	−1.756%	$1.6M	$562K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International OPENAI-PERP-INTX	+0.0024%	1h	1,624.5	−1.602%	$222K	$155K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,676.7	+1.560%	$2.7M	$6.1M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,622.4	−1.728%	$136K	$717K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,628.6	−1.351%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,622.5	−1.717%	$22.9M	$18.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,622.2	−1.740%	$13.1M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,626.2	−1.499%	$378K	$68K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,623.9	−1.633%	$2.6M	$761K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,626.4	−1.482%	$2K	$137K	10x	as long as short
BloFin OPENAI-USDT	+0.0059%	8h	1,629.3	−1.311%	$477K	$280K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,621.9	−1.757%	—	—	10x	as long as short
Entropy io:OAI	+0.0112%	1h	1,671.6	+1.254%	$7.4M	$2.2M	6x	as long as short