Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Bybit−2.332%7-day average −2.913% · you buy dearer than you sell
Net, funding: paid 7d − costs−$261as in the Funding arb table
Net, price: spread back to 7d avg − costs−$203as in the Price arb table
costs, in and out, $10k−$2612.614% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.427%−$43 · spread now −2.332%, 7d avg −2.913%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.581% dearer against Bybit than usual: you sell high and buy low, +$58 on $10k if it goes back to its 7-day average of −2.913%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit OPENAIUSDT | 1,657.7 | 0 | get 0.0000% / 8h | 7h 29m | $730K | $285K | 25x |
| Short | Phemex OPENAIUSDT | 1,619 | 0 | get 0.0000% / 8h | 7h 29m | $1.6M | $498K | 10x |
Bybit OPENAIUSDT
Phemex OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: −2.332% → −2.913%
- $58.12
- Slippage, 4 orders
- −$238.35
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$203.23
- Costs to cover
- 2.614%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Phemex: live order book, 4 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, 1 min ago | 16.95 bp | 41.0 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 3.25 bp | 59.1 bp −$59 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX OPENAI-USD | −0.0004% | 1h | 1,618.3 | −2.374% | $1.2M | $633K | 10x | as long as short |
| Bybit OPENAIUSDTlong | 0.0000% | 8h | 1,657.7 | long leg | $730K | $285K | 25x | |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,647.4 | −0.620% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,616.8 | −2.467% | $46.0M | $10.2M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,620.4 | −2.247% | $5.3M | $3.9M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,619.9 | −2.279% | — | $2.3M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,618.9 | −2.341% | $3K | $3K | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,618.9 | −2.337% | $79K | $225K | 20x | as long as short |
| Phemex OPENAIUSDTshort | 0.0000% | 8h | 1,619 | −2.332% | $1.6M | $498K | 10x | |
| Lighter OPENAI | +0.0008% | 1h | 1,708.7 | +3.079% | $1.4M | $274K | 5x | as long as short |
QFEX OPENAI-USD
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDT
Lighter OPENAIShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,675.9 | +1.099% | $2.7M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,618.2 | −2.385% | $142K | $808K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,621 | −2.213% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,618.6 | −2.358% | $22.9M | $16.3M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,620.2 | −2.259% | $6.6M | $2.4M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,618.6 | −2.357% | $373K | $112K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,618.9 | −2.337% | $2.6M | $760K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,618.2 | −2.379% | $2K | $173K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0056% | 8h | 1,618.9 | −2.341% | $478K | $297K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,618.3 | −2.379% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0202% | 1h | 1,669.4 | +0.707% | $7.6M | $2.3M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0344% | 1h | 1,629 | −1.730% | $236K | $172K | 5x | as long as short |
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Aevo OPENAI-PERP
Entropy io:OAI
Coinbase International OPENAI-PERP-INTX