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 +0.188%

Price spread now: Bybit against HTX+2.624%7-day average +2.937% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$158as in the Price arb table

costs, in and out, $10k−$1261.264% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.188%+$19 on $10k

Price spread, last 4 days (all we have)+0.380%+$38 · spread now +2.624%, 7d avg +2.937%

Together, before fees+0.569%+$57 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: Bybit is 0.313% cheaper against HTX than usual: you would sell low and buy high, −$31 on $10k if it goes back to its 7-day average of +2.937%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX OPENAI-USDT	1,616.1	0	get 0.0000% / 8h	2h 48m	$79K	$221K	20x
Short	Bybit OPENAIUSDT	1,658.5	0	get 0.0000% / 8h	2h 48m	$753K	$205K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against HTX. 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 HTXbpFee BybitbpOrdersPrice spread, now +2.624%Rate

Funding earned: $0
Price spread: +2.624% → +2.937%: −$31.35
Slippage, 4 orders: −$103.39
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$157.74
Costs to cover: 1.264%
Break-even: never at this rate

Slippage from HTX: live order book, 63 min ago; Bybit: live order book, 61 min ago.

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 HTX live order book, 63 min ago	0.03 bp	9.6 bp −$10	33.6 bp −$336	doesn't fit	doesn't fit
Sell Bybit live order book, 61 min ago	8.72 bp	73.9 bp −$74	1090.3 bp −$10.9K	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
QFEX OPENAI-USD	−0.0005%	1h	1,614.5	−0.100%	$1.2M	$597K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,706.3	+5.579%	$1.4M	$260K	5x	as long as short
Bybit OPENAIUSDTshort	0.0000%	8h	1,658.5	+2.624%	$753K	$205K	25x
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,645.9	+1.844%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,611.2	−0.301%	$52.2M	$19.6M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,616.5	+0.027%	$5.4M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,616.2	+0.006%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,614.9	−0.074%	—	$3	5x	as long as short
HTX OPENAI-USDTlong	0.0000%	8h	1,616.1	long leg	$79K	$221K	20x
Phemex OPENAIUSDT	0.0000%	8h	1,613.7	−0.150%	$1.6M	$530K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International OPENAI-PERP-INTX	+0.0016%	1h	1,617.9	+0.109%	$225K	$161K	5x	as long as short
BloFin OPENAI-USDT	+0.0021%	8h	1,613.9	−0.135%	$473K	$286K	20x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,673.6	+3.559%	$2.6M	$6.1M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,614.1	−0.123%	$142K	$895K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,618.8	+0.165%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,614.5	−0.096%	$22.8M	$17.4M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,614.3	−0.113%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,619.4	+0.207%	$374K	$69K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,615.2	−0.058%	$2.6M	$764K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,614.5	−0.096%	$2K	$163K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,614.2	−0.117%	—	—	10x	as long as short
Entropy io:OAI	+0.0138%	1h	1,666.2	+3.100%	$7.6M	$2.3M	6x	as long as short