Funding you earn now, next payment 22:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%
Price spread now: Extended against Bybit−2.769%7-day average −2.968% · you buy dearer than you sell
Net, funding: paid 7d − costs−$208as in the Funding arb table
Net, price: spread back to 7d avg − costs−$198as in the Price arb table
costs, in and out, $10k−$2182.181% of the position
Funding, last 7 days+0.101%+$10 on $10k
+Price spread, last 4 days (all we have)+0.152%+$15 · spread now −2.769%, 7d avg −2.968%
=Together, before fees+0.252%+ Points / potential airdropExtended: Active · farm board+$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.199% dearer against Bybit than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −2.968%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit OPENAIUSDT | 1,674.1 | 0 | get 0.0000% / 8h | 2h 11m | $761K | $225K | 25x |
| Short | Extended OPENAI-USD | 1,627.8 | 0.0048 | get 0.0006% / 1h | 11m 20s | $133K | $656K | 10x |
Bybit OPENAIUSDT
Extended OPENAI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $10.08
- Price spread: −2.769% → −2.968%
- $19.93
- Slippage, 4 orders
- −$202.09
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$188.08
- Costs to cover
- 2.181%
- Break-even
- 137.6 days
Slippage from Bybit: live order book, 8 min ago; Extended: live order book, 12 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, 8 min ago | 18.03 bp | 71.3 bp −$71 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 12 min ago | 4.32 bp | 36.5 bp −$36 | 264.3 bp −$2,643 | 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 | 1,700.4 | +1.568% | $1.4M | $315K | 5x | as long as short |
| Bybit OPENAIUSDTlong | 0.0000% | 8h | 1,674.1 | long leg | $761K | $225K | 25x | |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,660.3 | −0.826% | $5.1M | $1.4M | 20x | as long as short |
| QFEX OPENAI-USD | 0.0000% | 1h | 1,627.9 | −2.763% | $1.2M | $361K | 10x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,624.4 | −2.969% | $52.8M | $48.6M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,629.7 | −2.656% | $5.5M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,628.9 | −2.701% | — | $2.6M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,628.1 | −2.750% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,628.9 | −2.699% | $79K | $212K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,627 | −2.812% | $1.6M | $584K | 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 | 1,664.5 | −0.576% | $2.6M | $6.3M | 5x | as long as short |
| Entropy io:OAI | +0.0035% | 1h | 1,662.2 | −0.712% | $7.3M | $2.2M | 6x | as long as short |
| Extended OPENAI-USDshort | +0.0048% | 1h | 1,627.8 | −2.769% | $133K | $656K | 10x | |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,632.7 | −2.476% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,628.1 | −2.752% | $23.2M | $21.2M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,627.5 | −2.783% | $13.0M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,640.2 | −2.024% | $375K | $65K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,624.5 | −2.961% | $2.6M | $755K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,625.7 | −2.892% | $2K | $154K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0065% | 8h | 1,628.4 | −2.729% | $476K | $295K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,627.7 | −2.774% | — | — | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.1080% | 1h | 1,633.9 | −2.401% | $237K | $106K | 5x | as long as short |
Lighter RH OPENAI
Entropy io:OAI
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Aevo OPENAI-PERP
Coinbase International OPENAI-PERP-INTX