Funding you earn now, next payment 16:00 UTC−0.0039%/8h= −4.3% APRnext payment −$0.39 per $10,000 · paid last 24h −0.013%
Price spread now: Gate against BloFin−0.554%78s7-day average −0.189% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$480.475% of the position
Funding, last 7 days−0.106%−$11 on $10k
+Price spread, last 4 days (all we have)+0.381%+$38 · spread now −0.554%, 7d avg −0.189%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.365% cheaper against BloFin than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of −0.189%). Swap the legs. The two prices were read 78 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 | 1,662 | 0.0039 | pay 0.0039% / 8h | 4h 49m | $491K | $340K | 20x |
| Short | Gate OPENAI_USDT | 1,652.8 | 0 | get 0.0000% / 8h | 4h 49m | $51.3M | $18.2M | 50x |
BloFin OPENAI-USDT
Gate OPENAI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$8.18
- Price spread: −0.554% → −0.189%
- −$36.53
- Slippage, 4 orders
- −$20.53
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$92.24
- Costs to cover
- 0.475%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 54 min ago; Gate: live order book, 2 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 BloFin live order book, 54 min ago | 0.40 bp | 12.6 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 0.09 bp | 12.8 bp −$13 | 200.0 bp −$2,000 | doesn't fit | doesn't fit |
OPENAI on 22 exchanges
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 | −0.0001% | 1h | 1,655.5 | −0.392% | $1.2M | $698K | 10x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,691.4 | +1.767% | $720K | $315K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,684.3 | +1.343% | $5.2M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDTshort | 0.0000% | 8h | 1,652.8 | −0.554% | $51.3M | $18.2M | 50x | |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,657.5 | −0.271% | $5.6M | $3.7M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,658.1 | −0.233% | — | $1.6M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,659.4 | −0.156% | $81K | $172K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,654.4 | −0.454% | $1.6M | $508K | 10x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,705 | +2.587% | $2.8M | $6.3M | 5x | as long as short |
| BloFin OPENAI-USDTlong | +0.0039% | 8h | 1,662 | long leg | $491K | $340K | 20x |
QFEX OPENAI-USD
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Phemex OPENAIUSDT
Lighter RH OPENAIShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended OPENAI-USD | +0.0048% | 1h | 1,655.4 | −0.395% | $145K | $888K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,659.8 | −0.131% | $217K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,656.4 | −0.333% | $23.4M | $18.7M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,657.7 | −0.255% | $6.7M | $2.5M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,663.1 | +0.067% | $390K | $315K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,658.4 | −0.215% | $2.6M | $774K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,659.8 | −0.132% | $2K | $173K | 10x | as long as short |
| Lighter OPENAI | +0.0088% | 1h | 1,734 | +4.332% | $1.4M | $272K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,655.1 | −0.416% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0729% | 1h | 1,697.7 | +2.149% | $7.9M | $2.6M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.1008% | 1h | 1,665.7 | +0.221% | $234K | $181K | 5x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | +0.4661% | 1h | 1,657.5 | −0.268% | $3K | $3K | 5x | as long as short |
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Lighter OPENAI
Aevo OPENAI-PERP
Entropy io:OAI
Coinbase International OPENAI-PERP-INTX
Deribit OPENAI_USDC-PERPETUAL