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: Bybit against SunX+2.582%7-day average +2.968% · you sell dearer than you buy

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

Long on SunX Short on Bybit

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)+0.384%+$38 · spread now +2.582%, 7d avg +2.968%

Together, before fees+0.384%+$38 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: Bybit is 0.386% cheaper against SunX than usual: you would sell low and buy high, −$39 on $10k if it goes back to its 7-day average of +2.968%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX OPENAI-USDT	1,624.4	0	get 0.0000% / 8h	6h 16m	—	$2.5M	10x
Short	Bybit OPENAIUSDT	1,666.3	0	get 0.0000% / 8h	6h 16m	$764K	$205K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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 SunXbpFee BybitbpOrdersPrice spread, now +2.582%Rate

Funding earned: $0
Price spread: +2.582% → +2.968%: −$38.59
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$57.59
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; Bybit: live order book, 49 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 SunX live order book, 10 min ago	500.49 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 49 min ago	22.53 bp	83.2 bp −$83	573.1 bp −$5,731	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-USD	−0.0004%	1h	1,622.8	−0.097%	$1.2M	$425K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,705.5	+4.993%	$1.4M	$280K	5x	as long as short
Bybit OPENAIUSDTshort	0.0000%	8h	1,666.3	+2.582%	$764K	$205K	25x
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,654.5	+1.853%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,619.8	−0.283%	$52.4M	$31.9M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,624.7	+0.017%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDTlong	0.0000%	8h	1,624.4	long leg	—	$2.5M	10x
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,623	−0.084%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,623.2	−0.076%	$79K	$216K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,622.2	−0.133%	$1.6M	$556K	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	−0.024%	$222K	$157K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,675	+3.114%	$2.6M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,622.3	−0.126%	$131K	$722K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,628.8	+0.270%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,622.7	−0.104%	$22.9M	$18.6M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,622.9	−0.090%	$13.1M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,624.3	−0.008%	$375K	$67K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,621.1	−0.206%	$2.6M	$759K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622.4	−0.121%	$2K	$139K	10x	as long as short
Entropy io:OAI	+0.0096%	1h	1,668	+2.684%	$7.4M	$2.2M	6x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,622.5	−0.116%	—	—	10x	as long as short