Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h —

Price spread now: Deribit against Variational Omni−0.017%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 20 hours (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni OPENAI	1,618.8	0.0050	pay 0.0050% / 8h	1h 28m	$2.6M	$757K	—
Short	Deribit OPENAI_USDC-PERPETUAL	1,618.5	0	get 0.0000% / 1h	28m 03s	—	$3	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Variational Omni. 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 Variational OmnibpFee DeribitbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$10.5
Price spread: −0.017% → 0.000%: −$1.74
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$19.24
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Deribit: no order-book sample. 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 Variational Omni RFQ quote, 1 min ago	4.17 bp	doesn't fit	73.2 bp −$732	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0002%	1h	1,618	−0.051%	$1.2M	$608K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,712.8	+5.807%	$1.4M	$264K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,658.9	+2.475%	$752K	$204K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,648.8	+1.853%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,614.8	−0.247%	$52.3M	$18.1M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,620.3	+0.091%	$5.4M	$4.6M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,619.9	+0.068%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUALshort	0.0000%	1h	1,618.5	−0.017%	—	$3	5x
HTX OPENAI-USDT	0.0000%	8h	1,618.3	−0.031%	$79K	$228K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,617.8	−0.061%	$1.6M	$509K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH OPENAI	+0.0032%	1h	1,680	+3.777%	$2.7M	$6.0M	5x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.0040%	1h	1,625	+0.385%	$226K	$162K	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,617.9	−0.056%	$144K	$581K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,621.6	+0.174%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,618	−0.048%	$22.8M	$16.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,618.5	−0.019%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,620.5	+0.102%	$372K	$68K	20x	as long as short
Variational Omni OPENAIlong	+0.0050%	8h	1,618.8	long leg	$2.6M	$757K	—
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,617.9	−0.056%	$2K	$176K	10x	as long as short
BloFin OPENAI-USDT	+0.0055%	8h	1,618.1	−0.043%	$473K	$290K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,618	−0.047%	—	—	10x	as long as short
Entropy io:OAI	+0.0146%	1h	1,670.2	+3.175%	$7.7M	$2.3M	6x	as long as short