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: Gate against HTX−0.258%7-day average −0.165% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$980.980% of the position

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.171%+$17 · spread now −0.258%, 7d avg −0.165%

Together, before fees+0.360%+$36 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: Gate is 0.092% cheaper against HTX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.165%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX OPENAI-USDT	1,630.7	0	get 0.0000% / 8h	7h 03m	$79K	$214K	20x
Short	Gate OPENAI_USDT	1,626.5	0	get 0.0000% / 8h	7h 03m	$52.6M	$39.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.258%Rate

Funding earned: $0
Price spread: −0.258% → −0.165%: −$9.25
Slippage, 4 orders: −$71.05
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$107.3
Costs to cover: 0.980%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; Gate: live order book, 1 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, 3 min ago	3.59 bp	16.9 bp −$17	49.6 bp −$496	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	2.80 bp	13.8 bp −$14	327.6 bp −$3,276	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	1,630.6	−0.001%	$226K	$150K	5x	as long as short
QFEX OPENAI-USD	0.0000%	1h	1,630	−0.040%	$1.2M	$420K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,714.7	+5.156%	$1.4M	$288K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,668.3	+2.306%	$767K	$207K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,657.3	+1.634%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDTshort	0.0000%	8h	1,626.5	−0.258%	$52.6M	$39.2M	50x
Bitget OPENAIUSDT	0.0000%	8h	1,629.7	−0.061%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,630	−0.040%	—	$2.5M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,630.2	−0.031%	—	$3	5x	as long as short
HTX OPENAI-USDTlong	0.0000%	8h	1,630.7	long leg	$79K	$214K	20x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex OPENAIUSDT	0.0000%	8h	1,629	−0.103%	$1.6M	$564K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,681.9	+3.141%	$2.7M	$6.3M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,629.6	−0.064%	$132K	$716K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,637.3	+0.410%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,630	−0.042%	$23.2M	$18.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,629.3	−0.086%	$13.1M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,631.6	+0.058%	$377K	$67K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,629	−0.101%	$2.6M	$758K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,628.9	−0.108%	$2K	$138K	10x	as long as short
BloFin OPENAI-USDT	+0.0061%	8h	1,630	−0.040%	$475K	$280K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,629.8	−0.051%	—	—	10x	as long as short
Entropy io:OAI	+0.0109%	1h	1,673.4	+2.622%	$7.4M	$2.2M	6x	as long as short