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 Bitget−0.184%7-day average +0.002% · you buy dearer than you sell

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

Long on Bitget 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)+0.250%+$25 · spread now −0.184%, 7d avg +0.002%

Together, before fees+0.062%+$6 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 0.187% cheaper against Bitget than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget OPENAIUSDT	1,627.1	0	get 0.0000% / 8h	4h 37m	$5.5M	$5.0M	20x
Short	HTX OPENAI-USDT	1,624.1	0	get 0.0000% / 8h	4h 37m	$79K	$219K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bitget. 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 BitgetbpFee HTXbpOrdersPrice spread, now −0.184%Rate

Funding earned: $0
Price spread: −0.184% → +0.002%: −$18.65
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$42.65
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 1 min ago; HTX: live order book, 19 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 Bitget live order book, 1 min ago	1.14 bp	15.0 bp −$15	17.7 bp −$177	doesn't fit	doesn't fit
Sell HTX live order book, 19 min ago	3.42 bp	9.4 bp −$9	16.4 bp −$164	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
Coinbase International OPENAI-PERP-INTX	−0.0024%	1h	1,625.7	−0.083%	$226K	$160K	5x	as long as short
QFEX OPENAI-USD	−0.0004%	1h	1,624.9	−0.135%	$1.2M	$540K	10x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,663.8	+2.255%	$756K	$207K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,652.7	+1.574%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,622.4	−0.291%	$52.5M	$28.1M	50x	as long as short
Bitget OPENAIUSDTlong	0.0000%	8h	1,627.1	long leg	$5.5M	$5.0M	20x
SunX OPENAI-USDT	0.0000%	8h	1,626.2	−0.055%	—	$2.4M	10x	as long as short
HTX OPENAI-USDTshort	0.0000%	8h	1,624.1	−0.184%	$79K	$219K	20x
Phemex OPENAIUSDT	0.0000%	8h	1,625.2	−0.117%	$1.6M	$546K	10x	as long as short
Lighter OPENAI	+0.0008%	1h	1,713.3	+5.297%	$1.4M	$266K	5x	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	1,680.7	+3.295%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,624.8	−0.143%	$144K	$736K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,630.7	+0.219%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,625.3	−0.112%	$22.9M	$17.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,625.9	−0.071%	$13.1M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,624.4	−0.165%	$376K	$70K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,624	−0.190%	$2.6M	$766K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622.8	−0.265%	$2K	$147K	10x	as long as short
BloFin OPENAI-USDT	+0.0080%	8h	1,625.8	−0.080%	$474K	$283K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,624.9	−0.137%	—	—	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	+0.0219%	1h	1,625.9	−0.074%	—	$3	5x	as long as short
Entropy io:OAI	+0.0237%	1h	1,671.2	+2.711%	$7.6M	$2.3M	6x	as long as short