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: SunX against Bybit−2.637%7-day average −2.975% · you buy dearer than you sell

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

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.344%−$34 · spread now −2.637%, 7d avg −2.975%

Together, before fees−0.344%−$34 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: SunX is 0.338% dearer against Bybit than usual: you sell high and buy low, +$34 on $10k if it goes back to its 7-day average of −2.975%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit OPENAIUSDT	1,671.8	0	get 0.0000% / 8h	7h 47m	$770K	$209K	25x
Short	SunX OPENAI-USDT	1,627.7	0	get 0.0000% / 8h	7h 47m	—	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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 BybitbpFee SunXbpOrdersPrice spread, now −2.637%Rate

Funding earned: $0
Price spread: −2.637% → −2.975%: $33.81
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: $14.81
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Bybit: live order book, 23 min ago; SunX: live order book, 10 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 Bybit live order book, 23 min ago	12.60 bp	52.3 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	500.17 bp	doesn't fit	doesn't fit	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	1,627.2	−2.665%	$230K	$151K	5x	as long as short
QFEX OPENAI-USD	0.0000%	1h	1,627.1	−2.674%	$1.2M	$386K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,709.3	+2.245%	$1.4M	$282K	5x	as long as short
Bybit OPENAIUSDTlong	0.0000%	8h	1,671.8	long leg	$770K	$209K	25x
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,660.3	−0.687%	$5.1M	$1.4M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,624	−2.859%	$52.6M	$39.2M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,627.7	−2.637%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDTshort	0.0000%	8h	1,627.7	−2.637%	—	$2.6M	10x
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,628.1	−2.611%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,627.9	−2.626%	$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	1,626.7	−2.697%	$1.6M	$561K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,681.2	+0.560%	$2.7M	$6.2M	5x	as long as short
BloFin OPENAI-USDT	+0.0042%	8h	1,628.2	−2.609%	$475K	$277K	20x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,626.6	−2.701%	$132K	$743K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,633.9	−2.266%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,627	−2.678%	$23.1M	$18.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,626.6	−2.701%	$13.1M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,637.1	−2.075%	$379K	$65K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,626.8	−2.690%	$2.6M	$752K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,630.6	−2.461%	$2K	$139K	10x	as long as short
Entropy io:OAI	+0.0076%	1h	1,675.6	+0.228%	$7.4M	$2.2M	6x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,627	−2.679%	—	—	10x	as long as short