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: MEXC against Variational Omni0.000%7-day average +0.022% · you buy dearer than you sell

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

Long on Variational Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 7 days+0.007%+$1 · spread now 0.000%, 7d avg +0.022%

Together, before fees+0.007%+ Points / potential airdropVariational Omni: Active · farm board+$1 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: MEXC is 0.022% cheaper against Variational Omni than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni OPENAI	1,617.3	0.0050	pay 0.0050% / 8h	1h 42m	$2.6M	$757K	—
Short	MEXC OPENAI_USDT	1,617.3	0.0050	get 0.0050% / 8h	1h 42m	$13.0M	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.022%: −$2.24
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: −$2.24
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; MEXC: live order book, 1 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 Variational Omni RFQ quote, 2 min ago	4.24 bp	doesn't fit	73.3 bp −$733	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.05 bp	1.6 bp −$2	3.1 bp −$31	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	−0.0002%	1h	1,617.4	+0.001%	$1.2M	$607K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,711.8	+5.841%	$1.4M	$264K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,659	+2.579%	$753K	$205K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,648	+1.896%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,614.3	−0.188%	$52.3M	$18.1M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,619	+0.103%	$5.4M	$4.6M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,619.1	+0.109%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,617.9	+0.032%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,618.4	+0.066%	$79K	$226K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,617.4	+0.005%	$1.6M	$511K	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	1,679.4	+3.839%	$2.7M	$6.0M	5x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.0040%	1h	1,625	+0.476%	$226K	$162K	5x	as long as short
BloFin OPENAI-USDT	+0.0041%	8h	1,617.6	+0.015%	$474K	$289K	20x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,617.2	−0.008%	$144K	$828K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,621.1	+0.232%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,617.6	+0.014%	$22.8M	$16.9M	20x	as long as short
MEXC OPENAI_USDTshort	+0.0050%	8h	1,617.3	0.000%	$13.0M	$3.2M	50x
KuCoin OPENAIUSDTM	+0.0050%	8h	1,620.5	+0.193%	$372K	$69K	20x	as long as short
Variational Omni OPENAIlong	+0.0050%	8h	1,617.3	long leg	$2.6M	$757K	—
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,618.8	+0.089%	$2K	$176K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,617.1	−0.016%	—	—	10x	as long as short
Entropy io:OAI	+0.0126%	1h	1,669.6	+3.231%	$7.7M	$2.3M	6x	as long as short