Funding you earn now, next payment 05:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h +0.218%
Price spread now: Coinbase International against Binance+0.078%7-day average +0.410% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$830.830% of the position
Funding, last 7 days+0.712%+$71 on $10k
+Price spread, last 4 days (all we have)+1.089%+$109 · spread now +0.078%, 7d avg +0.410%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.332% cheaper against Binance than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of +0.410%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.712%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPENAIUSDT | 1,614.1 | 0.0050 | pay 0.0050% / 8h | 2h 52m | $22.8M | $17.4M | 20x |
| Short | Coinbase International OPENAI-PERP-INTX | 1,615.4 | 0.0016 | get 0.0002% / 1h | 52m 44s | $225K | $160K | 5x |
Binance OPENAIUSDT
Coinbase International OPENAI-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Binance. 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
- −$7.14
- Price spread: +0.078% → +0.410%
- −$33.21
- Slippage, 4 orders
- −$63.01
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$123.37
- Costs to cover
- 0.830%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; Coinbase International: live order book, 60 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, 3 min ago | 0.47 bp | 13.3 bp −$13 | 23.0 bp −$230 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 60 min ago | 5.73 bp | 19.0 bp −$19 | 40.7 bp −$407 | 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 | −0.0005% | 1h | 1,614.1 | −0.006% | $1.2M | $595K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,706.4 | +5.715% | $1.4M | $260K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,658.5 | +2.748% | $753K | $205K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,646.5 | +2.004% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,611.9 | −0.141% | $52.2M | $19.6M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,617.1 | +0.185% | $5.4M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,616.7 | +0.158% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,614.6 | +0.030% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,614.5 | +0.021% | $79K | $221K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,613.9 | −0.013% | $1.6M | $530K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OPENAI-PERP-INTXshort | +0.0016% | 1h | 1,615.4 | +0.078% | $225K | $160K | 5x | |
| BloFin OPENAI-USDT | +0.0023% | 8h | 1,614.3 | +0.012% | $473K | $286K | 20x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,673.8 | +3.696% | $2.6M | $6.1M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,613.7 | −0.027% | $142K | $895K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,617.1 | +0.185% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDTlong | +0.0050% | 8h | 1,614.1 | long leg | $22.8M | $17.4M | 20x | |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,615.2 | +0.063% | $13.0M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,620 | +0.363% | $373K | $69K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,614.4 | +0.016% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,614.8 | +0.037% | $2K | $162K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,613.8 | −0.021% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0145% | 1h | 1,666.4 | +3.237% | $7.6M | $2.3M | 6x | as long as short |
BloFin OPENAI-USDT
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI