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 SunX−0.104%7-day average +0.006% · you buy dearer than you sell

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

Long on SunX 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)+0.069%+$7 · spread now −0.104%, 7d avg +0.006%

Together, before fees−0.120%−$12 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 0.110% cheaper against SunX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX OPENAI-USDT	1,617.6	0	get 0.0000% / 8h	3h 05m	—	$2.4M	10x
Short	HTX OPENAI-USDT	1,615.9	0	get 0.0000% / 8h	3h 05m	$79K	$221K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.104%Rate

Funding earned: $0
Price spread: −0.104% → +0.006%: −$10.98
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$30.98
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 2 min ago; HTX: live order book, 46 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, 2 min ago	500.22 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 46 min ago	0.03 bp	22.3 bp −$22	73.7 bp −$737	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
QFEX OPENAI-USD	−0.0001%	1h	1,615.2	−0.151%	$1.2M	$585K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,706.2	+5.477%	$1.4M	$265K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,658.5	+2.528%	$753K	$206K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,647	+1.818%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,612.1	−0.338%	$52.2M	$25.4M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,617.6	−0.002%	$5.4M	$5.0M	20x	as long as short
SunX OPENAI-USDTlong	0.0000%	8h	1,617.6	long leg	—	$2.4M	10x
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,615.4	−0.135%	—	$3	5x	as long as short
HTX OPENAI-USDTshort	0.0000%	8h	1,615.9	−0.104%	$79K	$221K	20x
Phemex OPENAIUSDT	0.0000%	8h	1,615.2	−0.150%	$1.6M	$533K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH OPENAI	+0.0032%	1h	1,673.4	+3.450%	$2.6M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,614.8	−0.175%	$141K	$754K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,618.4	+0.047%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,615.2	−0.150%	$22.8M	$17.5M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,615.6	−0.124%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,620	+0.149%	$373K	$69K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,614.9	−0.164%	$2.6M	$766K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,615.6	−0.121%	$2K	$161K	10x	as long as short
BloFin OPENAI-USDT	+0.0054%	8h	1,615.1	−0.152%	$474K	$285K	20x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.0056%	1h	1,623.9	+0.389%	$226K	$161K	5x	as long as short
Entropy io:OAI	+0.0095%	1h	1,667.4	+3.079%	$7.6M	$2.3M	6x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,614.8	−0.173%	—	—	10x	as long as short