Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.5% APRpaid last 24h +0.001%

Price spread now: SunX against QFEX+0.128%7-day average −0.019% · you sell dearer than you buy

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

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 3 days (all we have)−0.184%−$18 · spread now +0.128%, 7d avg −0.019%

Together, before fees−0.180%−$18 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 0.146% dearer against QFEX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX OPENAI-USD	1,622	−0.0004	get 0.0001% / 1h	13m 46s	$1.2M	$426K	10x
Short	SunX OPENAI-USDT	1,624.1	0	get 0.0000% / 8h	6h 13m	—	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against QFEX. 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 QFEXbpFee SunXbpOrdersPrice spread, now +0.128%Rate

Funding earned: $0.87
Price spread: +0.128% → −0.019%: $14.62
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$2.51
Costs to cover: 0.180%
Break-even: 27.1 days

Slippage unknown: QFEX: live order book, 2 min ago; SunX: live order book, 3 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 QFEX live order book, 2 min ago	2.16 bp	9.5 bp −$10	17.9 bp −$179	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	500.23 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
QFEX OPENAI-USDlong	−0.0004%	1h	1,622	long leg	$1.2M	$426K	10x
Lighter OPENAI	0.0000%	1h	1,709.2	+5.376%	$1.4M	$280K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,666.5	+2.743%	$764K	$205K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,653.2	+1.922%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,619.6	−0.149%	$52.4M	$31.9M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,624.9	+0.174%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDTshort	0.0000%	8h	1,624.1	+0.128%	—	$2.5M	10x
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,622.8	+0.047%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,622.8	+0.047%	$79K	$216K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,622.1	+0.001%	$1.6M	$555K	10x	as long as short

Show all 21 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	+0.122%	$222K	$157K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,675	+3.265%	$2.6M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,621.7	−0.020%	$131K	$722K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,627.7	+0.349%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,622.1	+0.005%	$22.9M	$18.5M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,622.6	+0.037%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,623.6	+0.097%	$375K	$67K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,622.7	+0.040%	$2.6M	$759K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622.4	+0.025%	$2K	$139K	10x	as long as short
Entropy io:OAI	+0.0100%	1h	1,668.1	+2.840%	$7.4M	$2.2M	6x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,621.9	−0.005%	—	—	10x	as long as short