OPENAI

Alert: funding

Alert: spread

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: Binance against Bitget−0.117%7-day average +0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1331.334% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$11 on $10k

Price spread, last 7 days+0.187%+$19 · spread now −0.117%, 7d avg +0.071%

Together, before fees+0.292%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.188% cheaper against Bitget than usual: you would sell low and buy high (spread −0.117% now, against its 7-day average of +0.071%). If the spread goes back, that is −$19 on $10k: about 13 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget OPENAIUSDT	1,617.7	0	get 0.0000% / 8h	2h 20m	$5.4M	$5.0M	20x
Short	Binance OPENAIUSDT	1,615.8	0.0050	get 0.0050% / 8h	2h 20m	$22.8M	$17.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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

Position, each leg$Hold fordaysFee BitgetbpFee BinancebpOrdersPrice spread, now −0.117%Rate

Funding earned: $10.5
Price spread: −0.117% → +0.071%: −$18.81
Slippage, 4 orders: −$111.38
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$141.69
Costs to cover: 1.334%
Break-even: 101.5 days

Slippage from Bitget: live order book, 3 min ago; Binance: live order book, 6 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 Bitget live order book, 3 min ago	0.80 bp	39.4 bp −$39	47.3 bp −$473	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.96 bp	9.5 bp −$10	12.9 bp −$129	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	1,615.7	−0.124%	$1.2M	$603K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,707.6	+5.555%	$1.4M	$264K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,658	+2.489%	$753K	$205K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,643.6	+1.601%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,612.5	−0.320%	$52.2M	$19.7M	50x	as long as short
Bitget OPENAIUSDTlong	0.0000%	8h	1,617.7	long leg	$5.4M	$5.0M	20x
SunX OPENAI-USDT	0.0000%	8h	1,617.3	−0.025%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,615.5	−0.138%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,616.3	−0.087%	$79K	$225K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,616.3	−0.089%	$1.6M	$522K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International OPENAI-PERP-INTX	+0.0016%	1h	1,620.9	+0.199%	$226K	$161K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,674.7	+3.525%	$2.6M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,615.3	−0.147%	$142K	$893K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,620.2	+0.153%	$211K	$3K	20x	as long as short
Binance OPENAIUSDTshort	+0.0050%	8h	1,615.8	−0.117%	$22.8M	$17.3M	20x
MEXC OPENAI_USDT	+0.0050%	8h	1,615.7	−0.124%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,617.9	+0.012%	$374K	$70K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,615.2	−0.156%	$2.6M	$757K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,614.9	−0.172%	$2K	$169K	10x	as long as short
BloFin OPENAI-USDT	+0.0076%	8h	1,615.9	−0.111%	$472K	$287K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,615.5	−0.136%	—	—	10x	as long as short
Entropy io:OAI	+0.0121%	1h	1,665	+2.924%	$7.6M	$2.3M	6x	as long as short