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: Gate against Aster−0.549%7-day average −0.296% · you buy dearer than you sell
Net, funding: paid 7d − costs−$509as in the Funding arb table
Net, price: spread back to 7d avg − costs−$524as in the Price arb table
costs, in and out, $10k−$4984.983% of the position
Funding, last 7 days−0.105%−$11 on $10k
+Price spread, last 4 days (all we have)+0.459%+$46 · spread now −0.549%, 7d avg −0.296%
=Together, before fees+0.354%+ Points / potential airdropAster: Stage 5 · farm board+$35 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 Gate is 0.253% cheaper against Aster than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.296%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster OPENAIUSDT | 1,627.5 | 0.0050 | pay 0.0050% / 8h | 56m 32s | $212K | $3K | 20x |
| Short | Gate OPENAI_USDT | 1,618.6 | 0 | get 0.0000% / 8h | 56m 32s | $52.6M | $39.4M | 50x |
Aster OPENAIUSDT
Gate OPENAI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.549% → −0.296%
- −$25.32
- Slippage, 4 orders
- −$475.28
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$534.1
- Costs to cover
- 4.983%
- Break-even
- never at this rate
Slippage from Aster: live order book, 20 min ago; Gate: 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, 20 min ago | 58.23 bp | 360.3 bp −$360 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 2.81 bp | 24.1 bp −$24 | 322.5 bp −$3,225 | 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 | −0.0168% | 1h | 1,621.9 | −0.345% | $236K | $142K | 5x | as long as short |
| QFEX OPENAI-USD | −0.0010% | 1h | 1,621.8 | −0.350% | $1.2M | $387K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,698.3 | +4.350% | $1.4M | $286K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,667.7 | +2.467% | $763K | $223K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,652.1 | +1.512% | $5.1M | $1.4M | 20x | as long as short |
| Gate OPENAI_USDTshort | 0.0000% | 8h | 1,618.6 | −0.549% | $52.6M | $39.4M | 50x | |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,623.5 | −0.247% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,622.8 | −0.288% | — | $2.6M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,621.8 | −0.352% | $79K | $213K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,620.6 | −0.424% | $1.6M | $564K | 10x | as long as short |
Coinbase International OPENAI-PERP-INTX
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Phemex OPENAIUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin OPENAI-USDT | +0.0023% | 8h | 1,621.1 | −0.393% | $471K | $275K | 20x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,670.6 | +2.650% | $2.6M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,621.2 | −0.388% | $131K | $667K | 10x | as long as short |
| Aster OPENAIUSDTlong | +0.0050% | 8h | 1,627.5 | long leg | $212K | $3K | 20x | |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,621.5 | −0.369% | $23.0M | $19.0M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,621.6 | −0.360% | $13.0M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,627.7 | +0.013% | $376K | $65K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,620.2 | −0.451% | $2.6M | $753K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,619.2 | −0.511% | $2K | $147K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,620.8 | −0.412% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0177% | 1h | 1,661.7 | +2.102% | $7.3M | $2.2M | 6x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | +0.0277% | 1h | 1,623.6 | −0.240% | — | $3 | 5x | as long as short |
BloFin OPENAI-USDT
Lighter RH OPENAI
Extended OPENAI-USD
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI
Deribit OPENAI_USDC-PERPETUAL