Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h —

Price spread now: Aevo against Bybit−2.638%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Aevo

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

Funding pays, the price is against you. Aevo is 2.638% cheaper against Bybit than usual: you would sell low and buy high (spread −2.638% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$264 on $10k: about 3 months of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit OPENAIUSDT	1,666.2	0	get 0.0000% / 8h	6h 17m	$764K	$205K	25x
Short	Aevo OPENAI-PERP	1,622.3	0.0104	get 0.0013% / 1h	17m 15s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now −2.638%Rate

Funding earned: $21.84
Price spread: −2.638% → 0.000%: −$263.77
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$268.93
Costs to cover: 0.270%
Break-even: 93.2 days

Slippage unknown: Bybit: live order book, 47 min ago; Aevo: no order-book sample. 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 Bybit live order book, 47 min ago	22.53 bp	68.3 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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 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	1,622.2	−2.641%	$1.2M	$424K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,703.3	+2.222%	$1.4M	$280K	5x	as long as short
Bybit OPENAIUSDTlong	0.0000%	8h	1,666.2	long leg	$764K	$205K	25x
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,654.1	−0.727%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,619.6	−2.796%	$52.4M	$31.9M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,624.7	−2.491%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,624	−2.534%	—	$2.5M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,623.2	−2.583%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,623.2	−2.584%	$79K	$216K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,622.6	−2.616%	$1.6M	$557K	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	−2.533%	$222K	$158K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,674.9	+0.520%	$2.6M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,621.9	−2.661%	$131K	$722K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,628.2	−2.280%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,622.3	−2.636%	$22.9M	$18.6M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,622.9	−2.599%	$13.1M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,624.4	−2.511%	$376K	$67K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,621.1	−2.711%	$2.6M	$759K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622.4	−2.628%	$2K	$139K	10x	as long as short
Entropy io:OAI	+0.0095%	1h	1,667.9	+0.101%	$7.4M	$2.2M	6x	as long as short
Aevo OPENAI-PERPshort	+0.0104%	1h	1,622.3	−2.638%	—	—	10x