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 0.000%

Price spread now: OKX against SunX+1.806%57s7-day average +2.024% · you sell dearer than you buy

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

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.241%+$24 · spread now +1.806%, 7d avg +2.024%

Together, before fees+0.241%+$24 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: OKX is 0.217% cheaper against SunX than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +2.024%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX OPENAI-USDT	1,616.4	0	get 0.0000% / 8h	2h 45m	—	$2.4M	10x
Short	OKX OPENAI-USDT-SWAP	1,645.6	0	get 0.0000% / 8h	2h 45m	$5.1M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against SunX. 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 SunXbpFee OKXbpOrdersPrice spread, now +1.806%Rate

Funding earned: $0
Price spread: +1.806% → +2.024%: −$21.73
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$39.73
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 1 min ago; OKX: live order book, 2 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 SunX live order book, 1 min ago	500.43 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	3.34 bp	40.1 bp −$40	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
QFEX OPENAI-USD	−0.0005%	1h	1,614.8	−0.100%	$1.2M	$599K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,706.2	+5.552%	$1.4M	$260K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,658.5	+2.605%	$753K	$205K	25x	as long as short
OKX OPENAI-USDT-SWAPshort	0.0000%	8h	1,645.6	+1.806%	$5.1M	$1.3M	20x
Gate OPENAI_USDT	0.0000%	8h	1,611.4	−0.312%	$52.2M	$19.6M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,616.8	+0.022%	$5.4M	$5.0M	20x	as long as short
SunX OPENAI-USDTlong	0.0000%	8h	1,616.4	long leg	—	$2.4M	10x
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,614.9	−0.096%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,614.9	−0.091%	$79K	$221K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,613.9	−0.156%	$1.6M	$529K	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	+0.090%	$225K	$161K	5x	as long as short
BloFin OPENAI-USDT	+0.0028%	8h	1,613.9	−0.153%	$473K	$286K	20x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,673.4	+3.528%	$2.6M	$6.1M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,614.4	−0.126%	$142K	$895K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,619.6	+0.198%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,614.8	−0.100%	$22.8M	$17.4M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,614.7	−0.104%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,619.4	+0.188%	$373K	$69K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,613.8	−0.159%	$2.6M	$758K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,614.5	−0.118%	$2K	$164K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,613.7	−0.165%	—	—	10x	as long as short
Entropy io:OAI	+0.0135%	1h	1,665.9	+3.062%	$7.6M	$2.3M	6x	as long as short