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: SunX against OKX−1.713%7-day average −2.041% · you buy dearer than you sell

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

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.295%−$29 · spread now −1.713%, 7d avg −2.041%

Together, before fees−0.295%−$29 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: SunX is 0.328% dearer against OKX than usual: you sell high and buy low, +$33 on $10k if it goes back to its 7-day average of −2.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX OPENAI-USDT-SWAP	1,651.7	0	get 0.0000% / 8h	5h 49m	$5.1M	$1.3M	20x
Short	SunX OPENAI-USDT	1,623.4	0	get 0.0000% / 8h	5h 49m	—	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −1.713%Rate

Funding earned: $0
Price spread: −1.713% → −2.041%: $32.79
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: $14.79
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: OKX: live order book, 3 min ago; SunX: live order book, 7 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 OKX live order book, 3 min ago	3.33 bp	40.1 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	510.65 bp	doesn't fit	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	−1.722%	$224K	$158K	5x	as long as short
Lighter OPENAI	0.0000%	1h	1,707.5	+3.375%	$1.4M	$268K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,662.5	+0.656%	$762K	$203K	25x	as long as short
OKX OPENAI-USDT-SWAPlong	0.0000%	8h	1,651.7	long leg	$5.1M	$1.3M	20x
Gate OPENAI_USDT	0.0000%	8h	1,619.1	−1.973%	$52.4M	$28.7M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,623.4	−1.712%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDTshort	0.0000%	8h	1,623.4	−1.713%	—	$2.4M	10x
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,622.2	−1.784%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,623.9	−1.686%	$79K	$216K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,621.8	−1.810%	$1.6M	$545K	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	−1.766%	$1.2M	$443K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,674.9	+1.407%	$2.7M	$6.1M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,622.5	−1.770%	$131K	$720K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,628.2	−1.423%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,622.9	−1.744%	$22.9M	$17.8M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,622.2	−1.784%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,621.9	−1.804%	$373K	$71K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,622.7	−1.757%	$2.6M	$752K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622.3	−1.779%	$2K	$137K	10x	as long as short
Entropy io:OAI	+0.0097%	1h	1,667.5	+0.957%	$7.4M	$2.1M	6x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,622.6	−1.761%	—	—	10x	as long as short