OPENAI

Alert: funding

Alert: spread

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 Binance+0.119%7-day average −0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$1011.013% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$11 on $10k

Price spread, last 7 days−0.123%−$12 · spread now +0.119%, 7d avg −0.073%

Together, before fees−0.228%−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.192% dearer against Binance than usual: you sell high and buy low (spread +0.119% now, against its 7-day average of −0.073%): +$19 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance OPENAIUSDT	1,621.9	0.0050	pay 0.0050% / 8h	5h 39m	$22.9M	$17.8M	20x
Short	Bitget OPENAIUSDT	1,623.9	0	get 0.0000% / 8h	5h 39m	$5.5M	$5.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BitgetbpOrdersPrice spread, now +0.119%Rate

Funding earned: −$10.5
Price spread: +0.119% → −0.073%: $19.17
Slippage, 4 orders: −$79.34
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$92.68
Costs to cover: 1.013%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; Bitget: live order book, 4 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 Binance live order book, 1 min ago	0.96 bp	15.9 bp −$16	56.3 bp −$563	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	1.48 bp	43.9 bp −$44	83.7 bp −$837	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	−0.0104%	1h	1,624.9	+0.183%	$225K	$159K	5x	as long as short
Lighter OPENAI	0.0000%	1h	1,707.4	+5.267%	$1.4M	$268K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,664.2	+2.605%	$763K	$203K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,653.1	+1.921%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,619.2	−0.167%	$52.4M	$28.7M	50x	as long as short
Bitget OPENAIUSDTshort	0.0000%	8h	1,623.9	+0.119%	$5.5M	$5.1M	20x
SunX OPENAI-USDT	0.0000%	8h	1,623.2	+0.077%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,623.6	+0.104%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,621.8	−0.007%	$79K	$216K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,622	+0.001%	$1.6M	$543K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX OPENAI-USD	0.0000%	1h	1,622	0.000%	$1.2M	$462K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,676.1	+3.341%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,621.5	−0.028%	$135K	$725K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,629.6	+0.471%	$212K	$3K	20x	as long as short
Binance OPENAIUSDTlong	+0.0050%	8h	1,621.9	long leg	$22.9M	$17.8M	20x
MEXC OPENAI_USDT	+0.0050%	8h	1,622.4	+0.027%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,622.1	+0.011%	$374K	$71K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,621.1	−0.050%	$2.6M	$754K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622.3	+0.022%	$2K	$138K	10x	as long as short
BloFin OPENAI-USDT	+0.0072%	8h	1,621.2	−0.048%	$476K	$276K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,621.4	−0.034%	—	—	10x	as long as short
Entropy io:OAI	+0.0125%	1h	1,666.9	+2.772%	$7.4M	$2.1M	6x	as long as short