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: MEXC against Variational Omni+0.053%7-day average +0.024% · you sell dearer than you buy

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

Long on Variational Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.028%−$3 · spread now +0.053%, 7d avg +0.024%

Together, before fees−0.028%+ Points / potential airdropVariational Omni: Active · farm board−$3 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: MEXC is 0.029% dearer against Variational Omni than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni OPENAI	1,626.8	0.0050	pay 0.0050% / 8h	7h 47m	$2.6M	$752K	—
Short	MEXC OPENAI_USDT	1,627.7	0.0050	get 0.0050% / 8h	7h 47m	$13.1M	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Variational Omni. 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 Variational OmnibpFee MEXCbpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → +0.024%: $2.89
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: $2.89
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; MEXC: live order book, 1 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 Variational Omni RFQ quote, 1 min ago	4.45 bp	doesn't fit	100.3 bp −$1,003	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.74 bp	0.7 bp −$1	2.9 bp −$29	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
Deribit OPENAI_USDC-PERPETUAL	−0.0148%	1h	1,627.5	+0.043%	—	$3	5x	as long as short
Coinbase International OPENAI-PERP-INTX	−0.0024%	1h	1,627.8	+0.062%	$230K	$152K	5x	as long as short
QFEX OPENAI-USD	0.0000%	1h	1,627.7	+0.052%	$1.2M	$386K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,709.4	+5.074%	$1.4M	$282K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,671.8	+2.764%	$770K	$209K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,660.3	+2.058%	$5.1M	$1.4M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,624.4	−0.151%	$52.6M	$39.2M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,627.7	+0.055%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,628.1	+0.079%	—	$2.6M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,627.9	+0.066%	$79K	$214K	20x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex OPENAIUSDT	0.0000%	8h	1,627.1	+0.017%	$1.6M	$560K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,681.3	+3.351%	$2.7M	$6.2M	5x	as long as short
BloFin OPENAI-USDT	+0.0036%	8h	1,628.2	+0.083%	$473K	$278K	20x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,627.5	+0.041%	$132K	$729K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,634.3	+0.463%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,627.8	+0.060%	$23.1M	$18.9M	20x	as long as short
MEXC OPENAI_USDTshort	+0.0050%	8h	1,627.7	+0.053%	$13.1M	$3.2M	50x
KuCoin OPENAIUSDTM	+0.0050%	8h	1,637.1	+0.632%	$379K	$65K	20x	as long as short
Variational Omni OPENAIlong	+0.0050%	8h	1,626.8	long leg	$2.6M	$752K	—
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,631.6	+0.294%	$2K	$139K	10x	as long as short
Entropy io:OAI	+0.0076%	1h	1,675.6	+2.999%	$7.4M	$2.2M	6x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,627.6	+0.050%	—	—	10x	as long as short