data as of
Settings8H · net · $10k
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Price arb /

OPENAI

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$137
spread now+0.641%7d average+0.670%fees + slippage, in and out−$134spread needed1.344%
Long on GateShort on Coinbase International
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate OPENAI_USDT1,603.30get 0.0000% / 8h6h 54m$51.9M$58.8M50x
ShortCoinbase International OPENAI-PERP-INTX1,613.60.2168get 0.0271% / 1h54m 38s$251K$94K5x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$64.12
Funding while held
$65.04
Slippage, 4 orders
−$109.37
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$5.21
Spread needed to break even
1.344%
Slippage from Gate: live order book, 6 min ago; Coinbase International: live order book, 50 min ago.

Cost of waiting

funding view
Funding /8h
+0.2168%
Per $10,000 a day
+$65.04
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 6 min ago2.74 bp16.3 bp −$16105.1 bp −$1,051doesn't fitdoesn't fit
Sell Coinbase International live order book, 50 min ago19.06 bp34.4 bp −$3460.2 bp −$602doesn't fitdoesn't fit

OPENAI price on every exchange

against the cheapest. Click to use as the short leg.
Gate1,603.3cheapest
Phemex1,605.2+0.120%BloFin1,605.5+0.140%MEXC1,605.8+0.155%Binance1,606+0.172%Extended1,606.1+0.175%Deribit1,606.7+0.212%Aevo1,607+0.235%QFEX1,607.1+0.241%Variational Omni1,607.3+0.253%Bitget1,607.6+0.267%HTX1,607.6+0.271%SunX1,609.3+0.376%Aster1,611.2+0.495%KuCoin1,611.8+0.533%
Coinbase International1,613.6+0.641%
OKX1,636.3+2.060%Bybit1,649.9+2.910%Entropy1,672.6+4.324%Lighter RH1,673.3+4.365%
Lighter1,705.5+6.373%

OPENAI on 21 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate OPENAI_USDTlong0.000%0.0000%8h$51.9M$58.8M50x
Phemex OPENAIUSDT+0.120%0.0000%8h$1.6M$588K10xas long as short
BloFin OPENAI-USDT+0.140%+0.0046%8h$475K$240K20xas long as short
MEXC OPENAI_USDT+0.155%+0.0050%8h$12.9M$2.9M50xas long as short
Binance OPENAIUSDT+0.172%+0.0050%8h$23.0M$18.6M20xas long as short
Extended OPENAI-USD+0.175%+0.0048%1h$133K$656K10xas long as short
Deribit OPENAI_USDC-PERPETUAL+0.212%0.0000%1h—$35xas long as short
Aevo OPENAI-PERP+0.235%+0.0104%1h——10xas long as short
QFEX OPENAI-USD+0.241%0.0000%1h$1.2M$353K10xas long as short
Variational Omni OPENAI+0.253%+0.0050%8h$2.5M$193K—as long as short
Show all 21 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget OPENAIUSDT+0.267%0.0000%8h$5.4M$4.5M20xas long as short
HTX OPENAI-USDT+0.271%0.0000%8h$78K$199K20xas long as short
SunX OPENAI-USDT+0.376%0.0000%8h—$2.6M10xas long as short
Aster OPENAIUSDT+0.495%+0.0050%8h$210K$2K20xas long as short
KuCoin OPENAIUSDTM+0.533%+0.0050%8h$368K$56K20xas long as short
Coinbase International OPENAI-PERP-INTXshort+0.641%+0.2168%1h$251K$94K5x
OKX OPENAI-USDT-SWAP+2.060%0.0000%8h$5.1M$1.0M20xas long as short
Bybit OPENAIUSDT+2.910%0.0000%8h$765K$150K25xas long as short
Entropy io:OAI+4.324%+0.0257%1h$7.6M$1.1M6xas long as short
Lighter RH OPENAI+4.365%+0.0032%1h$3.1M$4.9M5xas long as short
Lighter OPENAI+6.373%0.0000%1h$1.4M$254K5xas long as short