Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Gate+0.183%7-day average +0.106% · you sell dearer than you buy

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

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.011%−$1 · spread now +0.183%, 7d avg +0.106%

Together, before fees−0.011%−$1 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: Bitget is 0.077% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.106%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate OPENAI_USDT	1,630.3	0	get 0.0000% / 8h	5h 54m	$48.9M	$14.9M	50x
Short	Bitget OPENAIUSDT	1,633.3	0	get 0.0000% / 8h	5h 54m	$5.4M	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now +0.183%Rate

Funding earned: $0
Price spread: +0.183% → +0.106%: $7.7
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$19.3
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 3 min ago; Bitget: live order book, 2 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 Gate live order book, 3 min ago	1.41 bp	10.4 bp −$10	138.2 bp −$1,382	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	1.50 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

OPENAI on 22 exchanges

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	−0.0003%	1h	1,632	+0.102%	$1.2M	$657K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,712.7	+5.052%	$1.4M	$274K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,668.8	+2.358%	$731K	$283K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,660.2	+1.833%	$5.1M	$1.2M	20x	as long as short
Gate OPENAI_USDTlong	0.0000%	8h	1,630.3	long leg	$48.9M	$14.9M	50x
Bitget OPENAIUSDTshort	0.0000%	8h	1,633.3	+0.183%	$5.4M	$3.6M	20x
SunX OPENAI-USDT	0.0000%	8h	1,633.4	+0.189%	—	$1.7M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,633.1	+0.167%	$3K	$3K	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,633.5	+0.197%	$80K	$164K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,632.4	+0.128%	$1.6M	$502K	10x	as long as short

Show all 22 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH OPENAI	+0.0032%	1h	1,680.1	+3.051%	$2.8M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,632	+0.104%	$142K	$814K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,635.2	+0.298%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,632.5	+0.136%	$23.0M	$17.2M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,633.3	+0.183%	$6.7M	$2.4M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,636.6	+0.385%	$379K	$221K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,631	+0.040%	$2.6M	$770K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,630.2	−0.008%	$2K	$169K	10x	as long as short
BloFin OPENAI-USDT	+0.0062%	8h	1,632.2	+0.112%	$483K	$319K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,632.5	+0.134%	—	—	10x	as long as short
Entropy io:OAI	+0.0140%	1h	1,671.4	+2.520%	$7.6M	$2.4M	6x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.0712%	1h	1,635.2	+0.299%	$230K	$175K	5x	as long as short