Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.188%

Price spread now: HTX against QFEX+0.082%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$550.551% of the position

Long on QFEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.184%−$18 on $10k

Price spread, last 3 days (all we have)−0.133%−$13 · spread now +0.082%, 7d avg −0.010%

Together, before fees−0.317%−$32 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: HTX is 0.092% dearer against QFEX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX OPENAI-USD	1,622.5	0.0000	pay 0.0000% / 1h	48m 49s	$1.2M	$443K	10x
Short	HTX OPENAI-USDT	1,623.9	0	get 0.0000% / 8h	5h 48m	$79K	$216K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against QFEX. 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 QFEXbpFee HTXbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$0.05
Price spread: +0.082% → −0.010%: $9.24
Slippage, 4 orders: −$33.15
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$45.96
Costs to cover: 0.551%
Break-even: never at this rate

Slippage from QFEX: live order book, 2 min ago; HTX: live order book, 13 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 QFEX live order book, 2 min ago	2.46 bp	9.0 bp −$9	20.1 bp −$201	doesn't fit	doesn't fit
Sell HTX live order book, 13 min ago	3.11 bp	17.7 bp −$18	32.8 bp −$328	doesn't fit	doesn't fit

OPENAI on 21 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	1,623.3	+0.045%	$224K	$158K	5x	as long as short
Lighter OPENAI	0.0000%	1h	1,707.3	+5.223%	$1.4M	$268K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,664.3	+2.577%	$763K	$203K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,650.9	+1.749%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,618.8	−0.228%	$52.4M	$28.7M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,623.1	+0.033%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,623.4	+0.054%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,621.8	−0.048%	—	$3	5x	as long as short
HTX OPENAI-USDTshort	0.0000%	8h	1,623.9	+0.082%	$79K	$216K	20x
Phemex OPENAIUSDT	0.0000%	8h	1,621.7	−0.054%	$1.6M	$544K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX OPENAI-USDlong	0.0000%	1h	1,622.5	long leg	$1.2M	$443K	10x
Lighter RH OPENAI	+0.0032%	1h	1,674.8	+3.223%	$2.7M	$6.1M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,621.2	−0.081%	$131K	$720K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,626.5	+0.246%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,621.6	−0.054%	$22.9M	$17.8M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,621.8	−0.043%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,622.1	−0.025%	$374K	$71K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,622.7	+0.009%	$2.6M	$752K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622.3	−0.014%	$2K	$137K	10x	as long as short
Entropy io:OAI	+0.0098%	1h	1,667.4	+2.765%	$7.4M	$2.1M	6x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,621.7	−0.052%	—	—	10x	as long as short