Funding you earn now, next payment 11:00 UTC−0.1008%/8h= −110.4% APRnext payment −$1.26 per $10,000 · paid last 24h −0.042%
Price spread now: Deribit against Coinbase International−0.398%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 1 day (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Deribit is 0.398% cheaper against Coinbase International than usual: you would sell low and buy high (−$40 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International OPENAI-PERP-INTX | 1,652.3 | 0.1008 | pay 0.0126% / 1h | 8m 24s | $231K | $178K | 5x |
| Short | Deribit OPENAI_USDC-PERPETUAL | 1,645.8 | 0 | get 0.0000% / 1h | 8m 24s | $3K | $3K | 5x |
Coinbase International OPENAI-PERP-INTX
Deribit OPENAI_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$211.68
- Price spread: −0.398% → 0.000%
- −$39.76
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$268.44
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 33 min ago; Deribit: no order-book sample. Net counts fees only.
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, 33 min ago | 20.86 bp | 25.9 bp −$26 | 49.9 bp −$499 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
OPENAI on 22 exchanges
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 | −0.0001% | 1h | 1,647.1 | −0.319% | $1.2M | $704K | 10x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,677.1 | +1.502% | $721K | $321K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,672.9 | +1.245% | $5.2M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,643.7 | −0.522% | $52.3M | $20.9M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,648.3 | −0.244% | $5.6M | $3.8M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,648.2 | −0.250% | — | $1.5M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUALshort | 0.0000% | 1h | 1,645.8 | −0.398% | $3K | $3K | 5x | |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,647.4 | −0.297% | $80K | $175K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,646.3 | −0.365% | $1.6M | $513K | 10x | as long as short |
| Lighter OPENAI | +0.0024% | 1h | 1,732.5 | +4.850% | $1.4M | $278K | 5x | as long as short |
QFEX OPENAI-USD
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Phemex OPENAIUSDT
Lighter OPENAIShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,698 | +2.766% | $2.8M | $6.5M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,646.5 | −0.355% | $146K | $1.1M | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,647.1 | −0.319% | $215K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,647 | −0.322% | $23.4M | $19.8M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,646.9 | −0.327% | $6.6M | $2.5M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,652 | −0.023% | $386K | $361K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,646.7 | −0.343% | $2.6M | $797K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,645.9 | −0.387% | $2K | $179K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0079% | 8h | 1,645.6 | −0.409% | $490K | $360K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,646.4 | −0.356% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0200% | 1h | 1,691.4 | +2.365% | $7.8M | $2.6M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTXlong | +0.1008% | 1h | 1,652.3 | long leg | $231K | $178K | 5x |
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