Funding you earn now, next payment 08:00 UTC−0.0526%/8h= −57.6% APRpaid last 24h −0.043%
Price spread now: Extended against Bybit−0.013%7-day average −0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$578as in the Funding arb table
Net, price: spread back to 7d avg − costs−$566as in the Price arb table
costs, in and out, $10k−$5745.740% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 4 days (all we have)−0.063%−$6 · spread now −0.013%, 7d avg −0.098%
=Together, before fees−0.099%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.084% dearer against Bybit than usual: you sell high and buy low (spread −0.013% now, against its 7-day average of −0.098%): +$8 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.036% in total) that is about 17 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.036% in total (about -1.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit OPENUSDT | 0.1440 | 0.0630 | pay 0.0315% / 4h | 14m 48s | $1.5M | $751K | 25x |
| Short | Extended OPEN-USD | 0.1440 | 0.0104 | get 0.0013% / 1h | 14m 48s | $4K | $179K | 5x |
Bybit OPENUSDT
Extended OPEN-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$110.43
- Price spread: −0.013% → −0.098%
- $8.43
- Slippage, 4 orders
- −$558.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$676.02
- Costs to cover
- 5.740%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Extended: live order book, 21 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 Bybit live order book, 1 min ago | 5.55 bp | 262.5 bp −$262 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 21 min ago | 5.90 bp | 62.2 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
OPEN on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster OPENUSDT | +0.0100% | 4h | 0.1440 | +0.032% | $252K | $2K | 5x | as long as short |
| Binance OPENUSDT | +0.0100% | 4h | 0.1440 | +0.014% | $7.1M | $2.5M | 75x | as long as short |
| Gate OPEN_USDT | +0.0100% | 8h | 0.1440 | +0.014% | $823K | $184K | 75x | as long as short |
| KuCoin OPENUSDTM | +0.0100% | 4h | 0.1443 | +0.201% | $2.4M | $54K | 30x | as long as short |
| Extended OPEN-USDshort | +0.0104% | 1h | 0.1440 | −0.013% | $4K | $179K | 5x | |
| BloFin OPEN-USDT | +0.0108% | 4h | 0.1441 | +0.083% | $677K | $13K | 75x | as long as short |
| Bitget OPENUSDT | +0.0252% | 4h | 0.1442 | +0.153% | $2.2M | $150K | 20x | as long as short |
| Bybit OPENUSDTlong | +0.0630% | 4h | 0.1440 | long leg | $1.5M | $751K | 25x | |
| Kraken Futures PF_OPENUSD | +0.0714% | 1h | 0.1439 | −0.034% | $14K | $55K | 10x | as long as short |
Aster OPENUSDT
Binance OPENUSDT
Gate OPEN_USDT
KuCoin OPENUSDTM
BloFin OPEN-USDT
Bitget OPENUSDT
Kraken Futures PF_OPENUSD