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Funding arb · Price arb /

OPENAI

RWAall OPENAI markets
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Alert: funding
Measured
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Alert: spread
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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: OKX against Binance+1.875%7-day average +2.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1041.038% of the position
Long on BinanceShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.105%−$11 on $10k
Price spread, last 2 days (all we have)+0.181%+$18 · spread now +1.875%, 7d avg +2.055%
Together, before fees+0.076%+$8 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 OKX is 0.180% cheaper against Binance than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +2.055%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance OPENAIUSDT1,630.80.0050pay 0.0050% / 8h7h 53m$23.2M$18.9M20x
ShortOKX OPENAI-USDT-SWAP1,661.40get 0.0000% / 8h7h 53m$5.1M$1.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
−$10.5
Price spread: +1.875% → +2.055%
−$17.99
Slippage, 4 orders
−$83.81
Fee Binance: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$132.3
Costs to cover
1.038%
Break-even
never at this rate
Slippage from Binance: live order book, 2 min ago; OKX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 2 min ago0.58 bp11.7 bp −$1284.0 bp −$840doesn't fitdoesn't fit
Sell OKX live order book, 4 min ago1.20 bp36.1 bp −$36doesn't fitdoesn't fitdoesn't fit

OPENAI on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International OPENAI-PERP-INTX−0.0024%1h1,633.7+0.175%$235K$150K5xas long as short
QFEX OPENAI-USD0.0000%1h1,631.5+0.042%$1.2M$387K10xas long as short
Lighter OPENAI0.0000%1h1,712.1+4.985%$1.4M$282K5xas long as short
Bybit OPENAIUSDT0.0000%8h1,673.9+2.640%$771K$209K25xas long as short
OKX OPENAI-USDT-SWAPshort0.0000%8h1,661.4+1.875%$5.1M$1.4M20x
Gate OPENAI_USDT0.0000%8h1,627.8−0.188%$52.7M$39.1M50xas long as short
Bitget OPENAIUSDT0.0000%8h1,631.7+0.051%$5.5M$5.1M20xas long as short
SunX OPENAI-USDT0.0000%8h1,631.6+0.048%—$2.6M10xas long as short
Deribit OPENAI_USDC-PERPETUAL0.0000%1h1,631.6+0.048%—$35xas long as short
HTX OPENAI-USDT0.0000%8h1,631.8+0.062%$79K$214K20xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex OPENAIUSDT0.0000%8h1,630−0.050%$1.6M$560K10xas long as short
Lighter RH OPENAI+0.0032%1h1,683.7+3.239%$2.7M$6.2M5xas long as short
BloFin OPENAI-USDT+0.0041%8h1,632.8+0.123%$474K$278K20xas long as short
Extended OPENAI-USD+0.0048%1h1,630.5−0.021%$132K$662K10xas long as short
Aster OPENAIUSDT+0.0050%8h1,636+0.319%$213K$3K20xas long as short
Binance OPENAIUSDTlong+0.0050%8h1,630.8long leg$23.2M$18.9M20x
MEXC OPENAI_USDT+0.0050%8h1,630.7−0.010%$13.1M$3.2M50xas long as short
KuCoin OPENAIUSDTM+0.0050%8h1,638.4+0.462%$377K$65K20xas long as short
Variational Omni OPENAI+0.0050%8h1,631.2+0.025%$2.6M$751K—as long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,633.5+0.162%$2K$139K10xas long as short
Aevo OPENAI-PERP+0.0104%1h1,631.6+0.046%——10xas long as short
Entropy io:OAI+0.0153%1h1,677.1+2.838%$7.4M$2.2M6xas long as short