Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.24 per $10,000 · paid last 24h +0.003%
Price spread now: Binance against BloFin−0.060%7-day average +0.031% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.060%, 7d avg +0.031%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.091% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.031%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin OPENAI-USDT | 1,615.8 | 0.0074 | pay 0.0074% / 8h | 2h 33m | $475K | $287K | 20x |
| Short | Binance OPENAIUSDT | 1,614.9 | 0.0050 | get 0.0050% / 8h | 2h 33m | $22.8M | $17.3M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$5.03
- Price spread: −0.060% → +0.031%
- −$9.14
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$36.16
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 58 min ago; Binance: live order book, 8 min ago. Net counts fees only.
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 BloFin live order book, 58 min ago | 1.05 bp | 16.2 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 1.42 bp | 15.5 bp −$15 | 55.0 bp −$550 | 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 | 1,615.1 | −0.047% | $1.2M | $604K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,707.1 | +5.648% | $1.4M | $264K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,657.2 | +2.558% | $753K | $204K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,641.9 | +1.613% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,611.2 | −0.285% | $52.2M | $19.7M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,616.1 | +0.015% | $5.4M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,617 | +0.072% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,614.6 | −0.077% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,616.4 | +0.036% | $79K | $221K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,614.1 | −0.109% | $1.6M | $525K | 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 | 1,617.9 | +0.125% | $225K | $161K | 5x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,674.4 | +3.625% | $2.6M | $6.1M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,614.6 | −0.076% | $142K | $895K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,617.5 | +0.101% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDTshort | +0.0050% | 8h | 1,614.9 | −0.060% | $22.8M | $17.3M | 20x | |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,614.7 | −0.071% | $13.0M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,619.4 | +0.219% | $373K | $69K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,615 | −0.053% | $2.6M | $757K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,614.4 | −0.087% | $2K | $166K | 10x | as long as short |
| BloFin OPENAI-USDTlong | +0.0074% | 8h | 1,615.8 | long leg | $475K | $287K | 20x | |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,614.8 | −0.063% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0115% | 1h | 1,665.1 | +3.049% | $7.6M | $2.3M | 6x | as long as short |
BloFin OPENAI-USDT
Binance OPENAIUSDT
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDT
Phemex OPENAIUSDT
Coinbase International OPENAI-PERP-INTX
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp