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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−$239
spread now+1.759%7d average+2.050%fees + slippage, in and out−$210spread needed2.103%
Long on PhemexShort on OKX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex OPENAIUSDT1,649.60get 0.0000% / 8h5h 07m$1.7M$589K10x
ShortOKX OPENAI-USDT-SWAP1,678.60get 0.0000% / 8h5h 07m$5.2M$1.2M20x

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
$175.92
Funding while held
$0
Slippage, 4 orders
−$188.31
Fee Phemex: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$34.39
Spread needed to break even
2.103%
Slippage from Phemex: live order book, 2 min ago; OKX: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
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 Phemex live order book, 2 min ago4.66 bp71.8 bp −$72doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 2 min ago1.19 bp36.6 bp −$37doesn't fitdoesn't fitdoesn't fit

OPENAI price on every exchange

against the cheapest. Click to use as the short leg.
KuCoin1,626.1cheapestGate1,647.2+1.296%
Phemex1,649.6+1.443%
Binance1,650.5+1.502%QFEX1,650.6+1.506%MEXC1,650.7+1.509%Extended1,650.7+1.510%Aster1,650.8+1.519%BloFin1,651.1+1.534%Bitget1,651.5+1.559%SunX1,651.6+1.567%Aevo1,651.9+1.583%Deribit1,652+1.594%HTX1,654.6+1.749%Variational Omni1,655.5+1.807%Coinbase International1,662.2+2.220%
OKX1,678.6+3.227%
Entropy1,690.3+3.947%Bybit1,694.7+4.214%Lighter RH1,695.5+4.268%Lighter1,725.3+6.098%

OPENAI on 21 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin OPENAIUSDTM−1.422%+0.0050%8h$371K$62K20xas long as short
Gate OPENAI_USDT−0.144%0.0000%8h$53.5M$55.9M50xas long as short
Phemex OPENAIUSDTlong0.000%0.0000%8h$1.7M$589K10x
Binance OPENAIUSDT+0.059%+0.0050%8h$23.6M$21.1M20xas long as short
QFEX OPENAI-USD+0.062%+0.0012%1h$1.2M$352K10xas long as short
MEXC OPENAI_USDT+0.065%+0.0050%8h$13.2M$3.0M50xas long as short
Extended OPENAI-USD+0.066%+0.0048%1h$137K$655K10xas long as short
Aster OPENAIUSDT+0.075%+0.0050%8h$215K$3K20xas long as short
BloFin OPENAI-USDT+0.090%+0.0033%8h$473K$273K20xas long as short
Bitget OPENAIUSDT+0.115%0.0000%8h$5.6M$4.8M20xas long as short
Show all 21 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SunX OPENAI-USDT+0.122%0.0000%8h—$2.6M10xas long as short
Aevo OPENAI-PERP+0.138%+0.0104%1h——10xas long as short
Deribit OPENAI_USDC-PERPETUAL+0.149%+0.3371%1h—$35xas long as short
HTX OPENAI-USDT+0.302%0.0000%8h$80K$207K20xas long as short
Variational Omni OPENAI+0.359%+0.0050%8h$2.7M$680K—as long as short
Coinbase International OPENAI-PERP-INTX+0.766%+0.1856%1h$246K$100K5xas long as short
OKX OPENAI-USDT-SWAPshort+1.759%0.0000%8h$5.2M$1.2M20x
Entropy io:OAI+2.469%+0.0302%1h$7.6M$1.6M6xas long as short
Bybit OPENAIUSDT+2.732%0.0000%8h$766K$216K25xas long as short
Lighter RH OPENAI+2.786%+0.0032%1h$2.8M$5.9M5xas long as short
Lighter OPENAI+4.589%+0.0016%1h$1.4M$323K5xas long as short