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 Binance−0.267%7-day average −0.168% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$740.736% of the position
Funding, last 7 days−0.105%−$11 on $10k
+Price spread, last 2 days (all we have)+0.026%+$3 · spread now −0.267%, 7d avg −0.168%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.098% cheaper against Binance than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.168%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPENAIUSDT | 1,635.1 | 0.0050 | pay 0.0050% / 8h | 2h 25m | $23.3M | $21.1M | 20x |
| Short | Gate OPENAI_USDT | 1,630.7 | 0 | get 0.0000% / 8h | 2h 25m | $53.0M | $48.5M | 50x |
Binance OPENAIUSDT
Gate OPENAI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$10.5
- Price spread: −0.267% → −0.168%
- −$9.85
- Slippage, 4 orders
- −$48.64
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$93.98
- Costs to cover
- 0.736%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; Gate: live order book, 3 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, 15 min ago | 0.92 bp | 24.2 bp −$24 | 77.4 bp −$774 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 3.73 bp | 12.3 bp −$12 | 1299.4 bp −$13.0K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter OPENAI | 0.0000% | 1h | 1,707.6 | +4.435% | $1.4M | $313K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,679.6 | +2.723% | $758K | $222K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,664.4 | +1.792% | $5.1M | $1.4M | 20x | as long as short |
| QFEX OPENAI-USD | 0.0000% | 1h | 1,636.1 | +0.061% | $1.2M | $360K | 10x | as long as short |
| Gate OPENAI_USDTshort | 0.0000% | 8h | 1,630.7 | −0.267% | $53.0M | $48.5M | 50x | |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,635.8 | +0.045% | $5.5M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,637.6 | +0.153% | — | $2.6M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,635.2 | +0.007% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,638.3 | +0.194% | $79K | $210K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,633.4 | −0.107% | $1.6M | $581K | 10x | as long as short |
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
QFEX OPENAI-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,670 | +2.136% | $2.6M | $6.2M | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0032% | 8h | 1,638.6 | +0.213% | $476K | $292K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,635.2 | +0.007% | $134K | $656K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,635.7 | +0.035% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDTlong | +0.0050% | 8h | 1,635.1 | long leg | $23.3M | $21.1M | 20x | |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,632.9 | −0.135% | $12.9M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,640.6 | +0.337% | $374K | $66K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,639.5 | +0.266% | $2.7M | $657K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,636.7 | +0.099% | $2K | $154K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,635.2 | +0.005% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0125% | 1h | 1,670.3 | +2.153% | $7.3M | $2.2M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.1080% | 1h | 1,640.2 | +0.314% | $238K | $107K | 5x | as long as short |
Lighter RH OPENAI
BloFin OPENAI-USDT
Extended OPENAI-USD
Aster OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI
Coinbase International OPENAI-PERP-INTX