Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.015%
Price spread now: Bybit against Aster+2.533%7-day average +2.900% · you sell dearer than you buy
Net, funding: paid 7d − costs−$613as in the Funding arb table
Net, price: spread back to 7d avg − costs−$639as in the Price arb table
costs, in and out, $10k−$6036.026% of the position
Funding, last 7 days−0.105%−$11 on $10k
+Price spread, last 4 days (all we have)+0.102%+$10 · spread now +2.533%, 7d avg +2.900%
=Together, before fees−0.003%+ Points / potential airdropAster: Stage 5 · farm board$0 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 Bybit is 0.367% cheaper against Aster than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of +2.900%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster OPENAIUSDT | 1,638.8 | 0.0050 | pay 0.0050% / 8h | 2h 32m | $213K | $3K | 20x |
| Short | Bybit OPENAIUSDT | 1,680.3 | 0 | get 0.0000% / 8h | 2h 32m | $758K | $222K | 25x |
Aster OPENAIUSDT
Bybit OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: +2.533% → +2.900%
- −$36.69
- Slippage, 4 orders
- −$583.59
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$649.78
- Costs to cover
- 6.026%
- Break-even
- never at this rate
Slippage from Aster: live order book, 54 min ago; Bybit: live order book, 52 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, 54 min ago | 49.45 bp | 364.2 bp −$364 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 52 min ago | 8.35 bp | 66.5 bp −$66 | 921.2 bp −$9,212 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter OPENAI | 0.0000% | 1h | 1,707.9 | +4.219% | $1.4M | $313K | 5x | as long as short |
| Bybit OPENAIUSDTshort | 0.0000% | 8h | 1,680.3 | +2.533% | $758K | $222K | 25x | |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,667.4 | +1.748% | $5.1M | $1.4M | 20x | as long as short |
| QFEX OPENAI-USD | 0.0000% | 1h | 1,638.7 | −0.002% | $1.2M | $361K | 10x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,635.9 | −0.172% | $53.2M | $48.5M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,639.8 | +0.064% | $5.5M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,639.9 | +0.070% | — | $2.6M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,639.7 | +0.059% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,638.3 | −0.025% | $79K | $210K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,638.7 | −0.003% | $1.6M | $582K | 10x | as long as short |
Lighter OPENAI
OKX OPENAI-USDT-SWAP
QFEX OPENAI-USD
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDT
Phemex OPENAIUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,669.8 | +1.893% | $2.6M | $6.1M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,638.5 | −0.013% | $134K | $656K | 10x | as long as short |
| Aster OPENAIUSDTlong | +0.0050% | 8h | 1,638.8 | long leg | $213K | $3K | 20x | |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,638.7 | −0.002% | $23.4M | $21.1M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,639 | +0.012% | $13.0M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,639.8 | +0.061% | $375K | $66K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,637.6 | −0.069% | $2.7M | $658K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,636.6 | −0.129% | $2K | $154K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0065% | 8h | 1,637.9 | −0.055% | $475K | $291K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,638.2 | −0.031% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0128% | 1h | 1,670.3 | +1.925% | $7.3M | $2.2M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.1080% | 1h | 1,643 | +0.258% | $239K | $108K | 5x | as long as short |
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
Coinbase International OPENAI-PERP-INTX