OPENAI

Alert: funding

Alert: spread

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: Binance against Bybit−2.733%7-day average −3.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$142as in the Price arb table

costs, in and out, $10k−$1741.739% of the position

Long on Bybit 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 2 days (all we have)−0.330%−$33 · spread now −2.733%, 7d avg −3.055%

Together, before fees−0.225%−$23 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 Binance is 0.322% dearer against Bybit than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of −3.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit OPENAIUSDT	1,668.7	0	get 0.0000% / 8h	46m 54s	$764K	$223K	25x
Short	Binance OPENAIUSDT	1,623.1	0.0050	get 0.0050% / 8h	46m 54s	$23.1M	$18.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now −2.733%Rate

Funding earned: $10.5
Price spread: −2.733% → −3.055%: $32.16
Slippage, 4 orders: −$152.91
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$131.25
Costs to cover: 1.739%
Break-even: 94.5 days

Slippage from Bybit: live order book, 28 min ago; Binance: live order book, 9 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, 28 min ago	10.55 bp	69.7 bp −$70	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	1.45 bp	19.9 bp −$20	61.6 bp −$616	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
Coinbase International OPENAI-PERP-INTX	−0.0168%	1h	1,625.4	−2.600%	$236K	$143K	5x	as long as short
QFEX OPENAI-USD	−0.0010%	1h	1,623.3	−2.726%	$1.2M	$387K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,701.7	+1.978%	$1.4M	$286K	5x	as long as short
Bybit OPENAIUSDTlong	0.0000%	8h	1,668.7	long leg	$764K	$223K	25x
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,653.9	−0.889%	$5.1M	$1.4M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,619.9	−2.929%	$52.6M	$39.4M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,623.3	−2.726%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,622.8	−2.753%	—	$2.6M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,623.5	−2.710%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,623.3	−2.725%	$79K	$213K	20x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex OPENAIUSDT	0.0000%	8h	1,622.2	−2.787%	$1.6M	$561K	10x	as long as short
BloFin OPENAI-USDT	+0.0028%	8h	1,623	−2.741%	$471K	$275K	20x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,674.4	+0.336%	$2.6M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,622.9	−2.747%	$131K	$667K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,628.1	−2.436%	$212K	$3K	20x	as long as short
Binance OPENAIUSDTshort	+0.0050%	8h	1,623.1	−2.733%	$23.1M	$18.9M	20x
MEXC OPENAI_USDT	+0.0050%	8h	1,623.1	−2.736%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,627.7	−2.459%	$376K	$64K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,622.3	−2.780%	$2.6M	$753K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,621.3	−2.843%	$2K	$142K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,623.1	−2.734%	—	—	10x	as long as short
Entropy io:OAI	+0.0213%	1h	1,663.9	−0.290%	$7.3M	$2.2M	6x	as long as short