Funding you earn now, next payment 04:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.016%
Price spread now: QFEX against Aster−0.517%7-day average −0.144% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$571as in the Price arb table
costs, in and out, $10k−$5345.340% of the position
Funding, last 4 days (all we have)−0.059%−$6 on $10k
+Price spread, last 4 days (all we have)+0.479%+$48 · spread now −0.517%, 7d avg −0.144%
=Together, before fees+0.420%+ Points / potential airdropAster: Stage 5 · farm board+$42 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 QFEX is 0.372% cheaper against Aster than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of −0.144%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster OPENAIUSDT | 1,630.8 | 0.0050 | pay 0.0050% / 8h | 4h 44m | $213K | $3K | 20x |
| Short | QFEX OPENAI-USD | 1,622.3 | −0.0004 | pay 0.0000% / 1h | 44m 10s | $1.2M | $532K | 10x |
Aster OPENAIUSDT
QFEX OPENAI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$11.29
- Price spread: −0.517% → −0.144%
- −$37.25
- Slippage, 4 orders
- −$516.02
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$582.56
- Costs to cover
- 5.340%
- Break-even
- never at this rate
Slippage from Aster: live order book, 12 min ago; QFEX: 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, 12 min ago | 46.17 bp | 424.3 bp −$424 | doesn't fit | doesn't fit | doesn't fit |
| Sell QFEX live order book, 2 min ago | 1.60 bp | 8.1 bp −$8 | 18.0 bp −$180 | 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 | 1,623.9 | −0.424% | $226K | $159K | 5x | as long as short |
| QFEX OPENAI-USDshort | −0.0004% | 1h | 1,622.3 | −0.517% | $1.2M | $532K | 10x | |
| Lighter OPENAI | 0.0000% | 1h | 1,707.5 | +4.703% | $1.4M | $265K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,662.1 | +1.921% | $758K | $207K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,650.8 | +1.228% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,618.8 | −0.735% | $52.4M | $28.1M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,623.5 | −0.446% | $5.5M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,623.1 | −0.470% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,620.4 | −0.638% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,622.8 | −0.488% | $79K | $217K | 20x | as long as short |
Coinbase International OPENAI-PERP-INTX
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
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 | 1,621.1 | −0.594% | $1.6M | $545K | 10x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,675.1 | +2.718% | $2.7M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,621.6 | −0.564% | $144K | $736K | 10x | as long as short |
| Aster OPENAIUSDTlong | +0.0050% | 8h | 1,630.8 | long leg | $213K | $3K | 20x | |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,621.8 | −0.550% | $22.9M | $17.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,621.9 | −0.543% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,625 | −0.353% | $375K | $69K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,621.7 | −0.557% | $2.6M | $763K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,620.3 | −0.644% | $3K | $146K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0067% | 8h | 1,621.8 | −0.549% | $475K | $279K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,621.7 | −0.554% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0106% | 1h | 1,666.4 | +2.185% | $7.6M | $2.3M | 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