Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h —

Price spread now: Coinbase International against Aevo+0.254%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Coinbase International is 0.254% dearer against Aevo than usual: you sell high and buy low (spread +0.254% now, against zero (this spread has no 7-day history yet)): +$25 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 9.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo OPENAI-PERP	1,613.8	0.0104	pay 0.0013% / 1h	48m 13s	—	—	10x
Short	Coinbase International OPENAI-PERP-INTX	1,617.9	0.0016	get 0.0002% / 1h	48m 13s	$225K	$161K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 AevobpFee Coinbase InternationalbpOrdersPrice spread, now +0.254%Rate

Funding earned: −$18.48
Price spread: +0.254% → 0.000%: $25.36
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$19.12
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Coinbase International: live order book, 65 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 Aevo no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 65 min ago	5.73 bp	19.0 bp −$19	40.7 bp −$407	doesn't fit	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0005%	1h	1,614	+0.016%	$1.2M	$597K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,706.4	+5.740%	$1.4M	$260K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,658.5	+2.772%	$753K	$205K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,645.9	+1.991%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,611.2	−0.158%	$52.2M	$19.6M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,616.6	+0.175%	$5.4M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,616.6	+0.176%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,614.8	+0.061%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,614.9	+0.072%	$79K	$221K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,614.4	+0.039%	$1.6M	$530K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International OPENAI-PERP-INTXshort	+0.0016%	1h	1,617.9	+0.254%	$225K	$161K	5x
BloFin OPENAI-USDT	+0.0021%	8h	1,613.9	+0.009%	$473K	$286K	20x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,673.6	+3.705%	$2.6M	$6.1M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,613.6	−0.011%	$142K	$895K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,618.9	+0.321%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,614.3	+0.034%	$22.8M	$17.4M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,614.2	+0.024%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,619.4	+0.352%	$373K	$69K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,615.2	+0.087%	$2.6M	$764K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,614.5	+0.048%	$2K	$163K	10x	as long as short
Aevo OPENAI-PERPlong	+0.0104%	1h	1,613.8	long leg	—	—	10x
Entropy io:OAI	+0.0136%	1h	1,666	+3.237%	$7.6M	$2.3M	6x	as long as short