Funding you earn now, next payment 09:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.016%
Price spread now: QFEX against Binance−0.054%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$560.556% of the position
Funding, last 4 days (all we have)−0.065%−$6 on $10k
+Price spread, last 7 days+0.019%+$2 · spread now −0.054%, 7d avg −0.050%
=The price spread sits at its 7-day average of −0.050%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPENAIUSDT | 1,619.8 | 0.0050 | pay 0.0050% / 8h | 7h 37m | $22.9M | $16.3M | 20x |
| Short | QFEX OPENAI-USD | 1,619 | −0.0004 | pay 0.0000% / 1h | 37m 32s | $1.2M | $633K | 10x |
Binance OPENAIUSDT
QFEX OPENAI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$11.29
- Price spread: −0.054% → −0.050%
- −$0.4
- Slippage, 4 orders
- −$35.6
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$67.29
- Costs to cover
- 0.556%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; QFEX: 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, 4 min ago | 0.77 bp | 18.9 bp −$19 | 52.3 bp −$523 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 3.48 bp | 9.7 bp −$10 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit OPENAI_USDC-PERPETUAL | −0.0288% | 1h | 1,620.4 | +0.033% | $3K | $3K | 5x | as long as short |
| QFEX OPENAI-USDshort | −0.0004% | 1h | 1,619 | −0.054% | $1.2M | $633K | 10x | |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,658 | +2.354% | $719K | $278K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,648.9 | +1.795% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,617.9 | −0.116% | $45.9M | $9.9M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,620.8 | +0.060% | $5.4M | $3.9M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,622.9 | +0.190% | — | $2.3M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,620.2 | +0.025% | $79K | $225K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,618.8 | −0.061% | $1.6M | $498K | 10x | as long as short |
| Lighter OPENAI | +0.0008% | 1h | 1,711.4 | +5.651% | $1.4M | $274K | 5x | as long as short |
Deribit OPENAI_USDC-PERPETUAL
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Phemex OPENAIUSDT
Lighter OPENAIShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin OPENAI-USDT | +0.0030% | 8h | 1,622 | +0.133% | $474K | $296K | 20x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,678.2 | +3.605% | $2.7M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,619.9 | +0.002% | $141K | $804K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,622.2 | +0.145% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDTlong | +0.0050% | 8h | 1,619.8 | long leg | $22.9M | $16.3M | 20x | |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,621.9 | +0.128% | $6.6M | $2.4M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,621.2 | +0.088% | $374K | $102K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,624.1 | +0.263% | $2.6M | $760K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,624 | +0.256% | $2K | $173K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,620.3 | +0.030% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0244% | 1h | 1,670.7 | +3.141% | $7.6M | $2.3M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0344% | 1h | 1,629 | +0.567% | $236K | $172K | 5x | 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
Coinbase International OPENAI-PERP-INTX