Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0141%/8h= −15.4% APRnext payment −$0.18 per $10,000 · paid last 24h —

Price spread now: Aevo against Entropy−3.211%7-day average — · you buy dearer than you sell

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

Long on Entropy 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

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Aevo is 3.211% cheaper against Entropy than usual: you would sell low and buy high (−$321 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:OAI	1,675.5	0.0245	pay 0.0031% / 1h	13m 59s	$7.7M	$2.3M	6x
Short	Aevo OPENAI-PERP	1,621.7	0.0104	get 0.0013% / 1h	13m 59s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Entropy. 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 EntropybpFee AevobpOrdersPrice spread, now −3.211%Rate

Funding earned: −$29.52
Price spread: −3.211% → 0.000%: −$321.07
Slippage, 4 orders: no order book: not counted
Fee Entropy: 9 bp × 2 orders: −$18
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$384.6
Costs to cover: 0.340%
Break-even: never at this rate

Slippage unknown: Entropy: live order book, 2 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 Entropy live order book, 2 min ago	2.98 bp	doesn't fit	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 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	1,624.9	−3.018%	$226K	$161K	5x	as long as short
QFEX OPENAI-USD	−0.0004%	1h	1,622.2	−3.182%	$1.2M	$548K	10x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,663.6	−0.710%	$755K	$207K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,652	−1.403%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,618.3	−3.415%	$52.4M	$28.1M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,623.4	−3.108%	$5.5M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,623.7	−3.092%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,622.3	−3.174%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,623	−3.133%	$78K	$219K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,621.7	−3.213%	$1.6M	$546K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter OPENAI	+0.0008%	1h	1,713.4	+2.259%	$1.4M	$266K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,680.6	+0.303%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,621.3	−3.235%	$141K	$740K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,628.2	−2.824%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,621.8	−3.207%	$22.9M	$17.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,621.5	−3.225%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,625.3	−2.994%	$375K	$70K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,622.2	−3.183%	$2.6M	$766K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,623.6	−3.098%	$2K	$150K	10x	as long as short
BloFin OPENAI-USDT	+0.0054%	8h	1,623.8	−3.088%	$475K	$286K	20x	as long as short
Aevo OPENAI-PERPshort	+0.0104%	1h	1,621.7	−3.211%	—	—	10x
Entropy io:OAIlong	+0.0245%	1h	1,675.5	long leg	$7.7M	$2.3M	6x