Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.203%
Price spread now: HTX against Binance+0.048%7-day average −0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$550.547% of the position
Funding, last 7 days−0.293%−$29 on $10k
+Price spread, last 4 days (all we have)−0.111%−$11 · spread now +0.048%, 7d avg −0.050%
=The price spread pays, funding is against you. HTX is 0.098% dearer against Binance than usual: you sell high and buy low (spread +0.048% now, against its 7-day average of −0.050%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.5 days. At the pace of the last 7 days (−0.293% in total) that is about 2.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPENAIUSDT | 1,615.5 | 0.0050 | pay 0.0050% / 8h | 12m 01s | $22.8M | $16.6M | 20x |
| Short | HTX OPENAI-USDT | 1,616.3 | 0 | get 0.0000% / 8h | 12m 01s | $79K | $225K | 20x |
Binance OPENAIUSDT
HTX OPENAI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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: +0.048% → −0.050%
- $9.79
- Slippage, 4 orders
- −$32.7
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$55.42
- Costs to cover
- 0.547%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; HTX: live order book, 24 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, 14 min ago | 1.27 bp | 14.6 bp −$15 | 44.5 bp −$445 | doesn't fit | doesn't fit |
| Sell HTX live order book, 24 min ago | 3.37 bp | 12.3 bp −$12 | 30.6 bp −$306 | 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 | 1,614.9 | −0.040% | $1.2M | $627K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,705 | +5.538% | $1.4M | $269K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,655.4 | +2.470% | $735K | $267K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,641 | +1.578% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,613.4 | −0.132% | $45.4M | $14.0M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,616.6 | +0.065% | $5.3M | $4.5M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,617 | +0.093% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,615.6 | +0.003% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDTshort | 0.0000% | 8h | 1,616.3 | +0.048% | $79K | $225K | 20x | |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,614.9 | −0.035% | $1.6M | $502K | 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
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 | 1,671.6 | +3.470% | $2.7M | $6.2M | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0037% | 8h | 1,615.6 | +0.004% | $475K | $294K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,615.1 | −0.024% | $142K | $806K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,618.3 | +0.172% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDTlong | +0.0050% | 8h | 1,615.5 | long leg | $22.8M | $16.6M | 20x | |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,615.6 | +0.004% | $6.6M | $5.0M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,616.5 | +0.061% | $373K | $72K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,616.2 | +0.041% | $2.6M | $760K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,616.3 | +0.049% | $2K | $176K | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0072% | 1h | 1,623.7 | +0.510% | $235K | $174K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,615.1 | −0.022% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0121% | 1h | 1,665.2 | +3.076% | $7.6M | $2.3M | 6x | 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
Coinbase International OPENAI-PERP-INTX
Aevo OPENAI-PERP
Entropy io:OAI