Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.015%
Price spread now: Aster against Bybit−2.497%7-day average −2.896% · you buy dearer than you sell
Net, funding: paid 7d − costs−$541as in the Funding arb table
Net, price: spread back to 7d avg − costs−$512as in the Price arb table
costs, in and out, $10k−$5525.519% of the position
Funding, last 7 days+0.105%+$11 on $10k
+Price spread, last 4 days (all we have)−0.215%−$21 · spread now −2.497%, 7d avg −2.896%
=Together, before fees−0.110%+ Points / potential airdropAster: Stage 5 · farm board−$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 0.398% dearer against Bybit than usual: you sell high and buy low: +$40 more if the spread goes back to its 7-day average of −2.896%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit OPENAIUSDT | 1,670.2 | 0 | get 0.0000% / 8h | 1h 34m | $760K | $225K | 25x |
| Short | Aster OPENAIUSDT | 1,628.4 | 0.0050 | get 0.0050% / 8h | 1h 34m | $212K | $3K | 20x |
Bybit OPENAIUSDT
Aster OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Bybit. 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
- $10.5
- Price spread: −2.497% → −2.896%
- $39.83
- Slippage, 4 orders
- −$532.87
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$501.54
- Costs to cover
- 5.519%
- Break-even
- 341.4 days
Slippage from Bybit: live order book, 45 min ago; Aster: live order book, 47 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 Bybit live order book, 45 min ago | 18.03 bp | 71.3 bp −$71 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 47 min ago | 35.36 bp | 78.2 bp −$78 | 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 | −0.0281% | 1h | 1,621.3 | −2.922% | — | $3 | 5x | as long as short |
| QFEX OPENAI-USD | −0.0005% | 1h | 1,620.7 | −2.960% | $1.2M | $384K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,695.1 | +1.494% | $1.4M | $290K | 5x | as long as short |
| Bybit OPENAIUSDTlong | 0.0000% | 8h | 1,670.2 | long leg | $760K | $225K | 25x | |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,652.9 | −1.033% | $5.1M | $1.4M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,617.7 | −3.140% | $52.6M | $40.7M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,622.5 | −2.855% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,623.6 | −2.787% | — | $2.6M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,623.1 | −2.818% | $79K | $213K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,620.2 | −2.993% | $1.6M | $579K | 10x | as long as short |
Deribit OPENAI_USDC-PERPETUAL
QFEX OPENAI-USD
Lighter OPENAI
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
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 | 1,665.2 | −0.297% | $2.6M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,619.9 | −3.008% | $131K | $670K | 10x | as long as short |
| Aster OPENAIUSDTshort | +0.0050% | 8h | 1,628.4 | −2.497% | $212K | $3K | 20x | |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,620.3 | −2.984% | $23.0M | $20.8M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,620.7 | −2.958% | $13.0M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,636.1 | −2.038% | $377K | $64K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,622.2 | −2.870% | $2.6M | $757K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,624.6 | −2.729% | $2K | $152K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0060% | 8h | 1,621.2 | −2.931% | $471K | $295K | 20x | as long as short |
| Entropy io:OAI | +0.0094% | 1h | 1,661.8 | −0.500% | $7.3M | $2.2M | 6x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,620.5 | −2.974% | — | — | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0456% | 1h | 1,625.8 | −2.658% | $237K | $108K | 5x | as long as short |
Lighter RH OPENAI
Extended OPENAI-USD
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Entropy io:OAI
Aevo OPENAI-PERP
Coinbase International OPENAI-PERP-INTX