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: SunX against HTX+0.025%7-day average −0.007% · you sell dearer than you buy

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

Long on HTX Short on SunX

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)−0.009%−$1 · spread now +0.025%, 7d avg −0.007%

Together, before fees+0.180%+$18 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: SunX is 0.032% dearer against HTX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX OPENAI-USDT	1,622.3	0	get 0.0000% / 8h	5h 03m	$79K	$217K	20x
Short	SunX OPENAI-USDT	1,622.7	0	get 0.0000% / 8h	5h 03m	—	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → −0.007%: $3.2
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$16.8
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 58 min ago; SunX: live order book, 4 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 HTX live order book, 58 min ago	3.11 bp	17.0 bp −$17	38.0 bp −$380	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	500.45 bp	doesn't fit	doesn't fit	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	−0.0104%	1h	1,627	+0.288%	$225K	$158K	5x	as long as short
Lighter OPENAI	0.0000%	1h	1,707.4	+5.244%	$1.4M	$269K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,662.1	+2.453%	$758K	$207K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,649.7	+1.689%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,618.2	−0.256%	$52.3M	$28.8M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,622.9	+0.037%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDTshort	0.0000%	8h	1,622.7	+0.025%	—	$2.4M	10x
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,620.7	−0.096%	—	$3	5x	as long as short
HTX OPENAI-USDTlong	0.0000%	8h	1,622.3	long leg	$79K	$217K	20x
Phemex OPENAIUSDT	0.0000%	8h	1,621.8	−0.031%	$1.6M	$545K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX OPENAI-USD	0.0000%	1h	1,621.7	−0.036%	$1.2M	$491K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,674.4	+3.211%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,621.5	−0.049%	$141K	$737K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,626.7	+0.273%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,621.8	−0.030%	$22.9M	$17.8M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,621.7	−0.035%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,624.6	+0.140%	$374K	$69K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,622.5	+0.012%	$2.6M	$760K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,623.6	+0.078%	$2K	$144K	10x	as long as short
BloFin OPENAI-USDT	+0.0061%	8h	1,621.9	−0.024%	$475K	$277K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,621.5	−0.051%	—	—	10x	as long as short
Entropy io:OAI	+0.0151%	1h	1,667.1	+2.762%	$7.4M	$2.1M	6x	as long as short