Funding you earn now, next payment 00:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.46 per $10,000 · paid last 24h −0.018%
Price spread now: Bybit against BloFin+2.765%52s7-day average +2.948% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.111%−$11 on $10k
+Price spread, last 3 days (all we have)+0.008%+$1 · spread now +2.765%, 7d avg +2.948%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.183% cheaper against BloFin than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +2.948%). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin OPENAI-USDT | 1,628.7 | 0.0046 | pay 0.0046% / 8h | 2h 12m | $477K | $294K | 20x |
| Short | Bybit OPENAIUSDT | 1,673.8 | 0 | get 0.0000% / 8h | 2h 12m | $760K | $224K | 25x |
BloFin OPENAI-USDT
Bybit OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$9.56
- Price spread: +2.765% → +2.948%
- −$18.26
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$50.82
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 8 min ago; Bybit: live order book, 7 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, 8 min ago | 0.15 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 7 min ago | 18.03 bp | 71.7 bp −$72 | 478.5 bp −$4,785 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter OPENAI | 0.0000% | 1h | 1,701.1 | +4.442% | $1.4M | $315K | 5x | as long as short |
| Bybit OPENAIUSDTshort | 0.0000% | 8h | 1,673.8 | +2.765% | $760K | $224K | 25x | |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,659.9 | +1.915% | $5.1M | $1.4M | 20x | as long as short |
| QFEX OPENAI-USD | 0.0000% | 1h | 1,628 | −0.047% | $1.2M | $360K | 10x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,625.2 | −0.217% | $52.9M | $48.6M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,630.5 | +0.107% | $5.5M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,628.7 | −0.001% | — | $2.6M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,627.7 | −0.060% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,628.9 | +0.014% | $79K | $212K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,626.5 | −0.139% | $1.6M | $583K | 10x | as long as short |
Lighter OPENAI
OKX OPENAI-USDT-SWAP
QFEX OPENAI-USD
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDT
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 | 1,663.9 | +2.162% | $2.6M | $6.3M | 5x | as long as short |
| Entropy io:OAI | +0.0033% | 1h | 1,662.2 | +2.056% | $7.3M | $2.2M | 6x | as long as short |
| BloFin OPENAI-USDTlong | +0.0046% | 8h | 1,628.7 | long leg | $477K | $294K | 20x | |
| Extended OPENAI-USD | +0.0048% | 1h | 1,627.7 | −0.064% | $133K | $656K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,632.7 | +0.243% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,627.7 | −0.062% | $23.2M | $21.2M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,628.4 | −0.017% | $13.0M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,640.2 | +0.708% | $375K | $65K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,624.5 | −0.256% | $2.6M | $755K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,623.1 | −0.343% | $2K | $154K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,627.6 | −0.066% | — | — | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.1080% | 1h | 1,633.9 | +0.320% | $237K | $106K | 5x | as long as short |
Lighter RH OPENAI
Entropy io:OAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Coinbase International OPENAI-PERP-INTX