Funding you earn now, next payment 00:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h −0.245%
Price spread now: Binance against Coinbase International−0.008%53s7-day average −0.302% · you buy dearer than you sell
Net, funding: paid 7d − costs−$133as 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−$680.676% of the position
Funding, last 7 days−0.649%−$65 on $10k
+Price spread, last 2 days (all we have)−0.236%−$24 · spread now −0.008%, 7d avg −0.302%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.294% dearer against Coinbase International than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.302%. Mind the row above: over the last 7 days funding on this pair cost −0.649%, so the current rate has only just turned in your favour. The two prices were read 53 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 | Coinbase International OPENAI-PERP-INTX | 1,628.8 | −0.0024 | get 0.0003% / 1h | 6m 23s | $225K | $150K | 5x |
| Short | Binance OPENAIUSDT | 1,628.7 | 0.0050 | get 0.0050% / 8h | 7h 06m | $23.1M | $18.9M | 20x |
Coinbase International OPENAI-PERP-INTX
Binance OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Coinbase International. 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
- $15.54
- Price spread: −0.008% → −0.302%
- $29.41
- Slippage, 4 orders
- −$47.61
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$22.66
- Costs to cover
- 0.676%
- Break-even
- 17.2 days
Slippage from Coinbase International: live order book, 2 min ago; Binance: live order book, 5 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 Coinbase International live order book, 2 min ago | 5.96 bp | 31.5 bp −$31 | 54.6 bp −$546 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 0.86 bp | 10.3 bp −$10 | 10.8 bp −$108 | 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-INTXlong | −0.0024% | 1h | 1,628.8 | long leg | $225K | $150K | 5x | |
| QFEX OPENAI-USD | 0.0000% | 1h | 1,628.7 | −0.009% | $1.2M | $415K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,714.1 | +5.235% | $1.4M | $288K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,669.8 | +2.517% | $768K | $207K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,659.1 | +1.860% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,626.3 | −0.153% | $52.6M | $39.2M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,629.9 | +0.066% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,629.4 | +0.037% | — | $2.5M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,629.7 | +0.056% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,629.5 | +0.041% | $79K | $214K | 20x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,628.4 | −0.023% | $1.6M | $564K | 10x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,681.8 | +3.251% | $2.7M | $6.3M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,628.3 | −0.033% | $132K | $716K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,636.1 | +0.449% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDTshort | +0.0050% | 8h | 1,628.7 | −0.008% | $23.1M | $18.9M | 20x | |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,629.3 | +0.028% | $13.1M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,630.6 | +0.111% | $377K | $67K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,628.5 | −0.021% | $2.6M | $757K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,628.9 | +0.007% | $2K | $138K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0075% | 8h | 1,628.9 | +0.005% | $475K | $280K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,628.8 | −0.002% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0107% | 1h | 1,673.5 | +2.744% | $7.4M | $2.2M | 6x | as long as short |
Phemex OPENAIUSDT
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Aevo OPENAI-PERP
Entropy io:OAI