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: HTX against Phemex+0.070%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$158as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1391.395% of the position

Long on Phemex Short on HTX

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)−0.125%−$12 · spread now +0.070%, 7d avg −0.007%

Together, before fees−0.313%−$31 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: HTX is 0.078% dearer against Phemex than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex OPENAIUSDT	1,624.3	0	get 0.0000% / 8h	4h 34m	$1.6M	$546K	10x
Short	HTX OPENAI-USDT	1,625.5	0	get 0.0000% / 8h	4h 34m	$79K	$219K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Phemex. 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 PhemexbpFee HTXbpOrdersPrice spread, now +0.070%Rate

Funding earned: $0
Price spread: +0.070% → −0.007%: $7.75
Slippage, 4 orders: −$115.49
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$131.73
Costs to cover: 1.395%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; HTX: live order book, 22 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 Phemex live order book, 3 min ago	2.80 bp	48.8 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 22 min ago	3.42 bp	9.4 bp −$9	16.4 bp −$164	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	+0.088%	$226K	$160K	5x	as long as short
QFEX OPENAI-USD	−0.0004%	1h	1,625.2	+0.052%	$1.2M	$537K	10x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,664.3	+2.461%	$756K	$207K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,652.6	+1.742%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,621.5	−0.174%	$52.5M	$28.1M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,625.2	+0.054%	$5.5M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,625	+0.042%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,623.5	−0.050%	—	$3	5x	as long as short
HTX OPENAI-USDTshort	0.0000%	8h	1,625.5	+0.070%	$79K	$219K	20x
Phemex OPENAIUSDTlong	0.0000%	8h	1,624.3	long leg	$1.6M	$546K	10x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter OPENAI	+0.0008%	1h	1,713.9	+5.516%	$1.4M	$266K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,681.2	+3.501%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,624.6	+0.018%	$144K	$736K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,630.6	+0.390%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,625	+0.042%	$22.9M	$17.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,625.1	+0.049%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,624.8	+0.032%	$375K	$70K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,624.4	+0.004%	$2.6M	$766K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,624.5	+0.014%	$2K	$148K	10x	as long as short
BloFin OPENAI-USDT	+0.0080%	8h	1,625.6	+0.082%	$474K	$283K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,624.5	+0.014%	—	—	10x	as long as short
Entropy io:OAI	+0.0252%	1h	1,672.5	+2.967%	$7.6M	$2.3M	6x	as long as short