Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.015%
Price spread now: Bitget against Aster−0.319%7-day average −0.154% · you buy dearer than you sell
Net, funding: paid 7d − costs−$369as in the Funding arb table
Net, price: spread back to 7d avg − costs−$375as in the Price arb table
costs, in and out, $10k−$3593.586% of the position
Funding, last 7 days−0.105%−$11 on $10k
+Price spread, last 4 days (all we have)+0.208%+$21 · spread now −0.319%, 7d avg −0.154%
=Together, before fees+0.103%+ Points / potential airdropAster: Stage 5 · farm board+$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.165% cheaper against Aster than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.154%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster OPENAIUSDT | 1,635.4 | 0.0050 | pay 0.0050% / 8h | 7h 15m | $213K | $3K | 20x |
| Short | Bitget OPENAIUSDT | 1,630.2 | 0 | get 0.0000% / 8h | 7h 15m | $5.5M | $5.1M | 20x |
Aster OPENAIUSDT
Bitget OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Aster. 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
- −$10.5
- Price spread: −0.319% → −0.154%
- −$16.48
- Slippage, 4 orders
- −$338.63
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$385.61
- Costs to cover
- 3.586%
- Break-even
- never at this rate
Slippage from Aster: live order book, 56 min ago; Bitget: live order book, 2 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 Aster live order book, 56 min ago | 34.76 bp | 216.3 bp −$216 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 1.38 bp | 44.9 bp −$45 | 76.9 bp −$769 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OPENAI-PERP-INTX | −0.0024% | 1h | 1,628.8 | −0.404% | $228K | $148K | 5x | as long as short |
| QFEX OPENAI-USD | 0.0000% | 1h | 1,629.1 | −0.390% | $1.2M | $415K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,709.9 | +4.550% | $1.4M | $283K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,670.4 | +2.140% | $768K | $207K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,658.8 | +1.428% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,626.9 | −0.522% | $52.7M | $39.2M | 50x | as long as short |
| Bitget OPENAIUSDTshort | 0.0000% | 8h | 1,630.2 | −0.319% | $5.5M | $5.1M | 20x | |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,629.3 | −0.375% | — | $2.6M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,629.1 | −0.389% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,629.4 | −0.369% | $79K | $214K | 20x | as long as short |
Coinbase International OPENAI-PERP-INTX
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,629 | −0.393% | $1.6M | $562K | 10x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,682.1 | +2.854% | $2.7M | $6.3M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,628.7 | −0.412% | $133K | $713K | 10x | as long as short |
| Aster OPENAIUSDTlong | +0.0050% | 8h | 1,635.4 | long leg | $213K | $3K | 20x | |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,629.1 | −0.390% | $23.1M | $18.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,629.4 | −0.370% | $13.1M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,631.3 | −0.254% | $378K | $65K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,628.9 | −0.397% | $2.6M | $757K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,628.5 | −0.426% | $2K | $138K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0073% | 8h | 1,628.4 | −0.430% | $474K | $279K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,628.8 | −0.405% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0108% | 1h | 1,674.2 | +2.370% | $7.4M | $2.2M | 6x | as long as short |
Phemex OPENAIUSDT
Lighter RH OPENAI
Extended OPENAI-USD
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Aevo OPENAI-PERP
Entropy io:OAI