Funding you earn now, next payment 16:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.015%
Price spread now: Phemex against Aster−0.166%7-day average −0.157% · you buy dearer than you sell
Net, funding: paid 7d − costs−$465as in the Funding arb table
Net, price: spread back to 7d avg − costs−$455as in the Price arb table
costs, in and out, $10k−$4544.540% of the position
Funding, last 7 days−0.105%−$11 on $10k
+Price spread, last 4 days (all we have)−0.032%−$3 · spread now −0.166%, 7d avg −0.157%
=Together, before fees−0.137%+ Points / potential airdropAster: Stage 5 · farm board−$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.157%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster OPENAIUSDT | 1,626.2 | 0.0050 | pay 0.0050% / 8h | 7h 47m | $212K | $3K | 20x |
| Short | Phemex OPENAIUSDT | 1,623.5 | 0 | get 0.0000% / 8h | 7h 47m | $1.6M | $499K | 10x |
Aster OPENAIUSDT
Phemex OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: −0.166% → −0.157%
- −$0.92
- Slippage, 4 orders
- −$434.03
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$465.45
- Costs to cover
- 4.540%
- Break-even
- never at this rate
Slippage from Aster: live order book, 49 min ago; Phemex: live order book, 1 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, 49 min ago | 31.65 bp | 254.1 bp −$254 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 2.06 bp | 61.2 bp −$61 | doesn't fit | 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 | −0.0004% | 1h | 1,623.7 | −0.154% | $1.2M | $629K | 10x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,660.5 | +2.115% | $727K | $274K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,651 | +1.528% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,621.1 | −0.308% | $45.8M | $9.5M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,624.3 | −0.114% | $5.4M | $3.9M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,624 | −0.132% | — | $2.3M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,623.8 | −0.146% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,624.1 | −0.124% | $79K | $225K | 20x | as long as short |
| Phemex OPENAIUSDTshort | 0.0000% | 8h | 1,623.5 | −0.166% | $1.6M | $499K | 10x | |
| Lighter OPENAI | +0.0008% | 1h | 1,711.9 | +5.272% | $1.4M | $273K | 5x | as long as short |
QFEX OPENAI-USD
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDT
Lighter OPENAIShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,679.8 | +3.297% | $2.7M | $6.1M | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0046% | 8h | 1,623.1 | −0.187% | $474K | $296K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,623.3 | −0.176% | $141K | $804K | 10x | as long as short |
| Aster OPENAIUSDTlong | +0.0050% | 8h | 1,626.2 | long leg | $212K | $3K | 20x | |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,623.7 | −0.150% | $22.9M | $16.4M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,625.5 | −0.040% | $6.6M | $2.4M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,623.9 | −0.139% | $374K | $92K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,624.4 | −0.108% | $2.6M | $760K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,624 | −0.132% | $2K | $176K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,623.5 | −0.164% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0269% | 1h | 1,668.8 | +2.623% | $7.6M | $2.3M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0344% | 1h | 1,629 | +0.175% | $236K | $172K | 5x | as long as short |
Lighter RH OPENAI
BloFin OPENAI-USDT
Extended OPENAI-USD
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI
Coinbase International OPENAI-PERP-INTX