Funding you earn now, next payment 01:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h −0.241%
Price spread now: Extended against Coinbase International−0.119%7-day average −0.494% · you buy dearer than you sell
Net, funding: paid 7d − costs−$183as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$1161.163% of the position
Funding, last 7 days−0.668%−$67 on $10k
+Price spread, last 3 days (all we have)−1.011%−$101 · spread now −0.119%, 7d avg −0.494%
=Together, before fees−1.679%+ Points / potential airdropExtended: Active · farm board−$168 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 0.375% dearer against Coinbase International than usual: you sell high and buy low: +$38 more if the spread goes back to its 7-day average of −0.494%. Mind the row above: over the last 7 days funding on this pair cost −0.668%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International OPENAI-PERP-INTX | 1,624 | 0.0024 | pay 0.0003% / 1h | 22m 15s | $222K | $158K | 5x |
| Short | Extended OPENAI-USD | 1,622.1 | 0.0048 | get 0.0006% / 1h | 22m 15s | $131K | $722K | 10x |
Coinbase International OPENAI-PERP-INTX
Extended OPENAI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $5.04
- Price spread: −0.119% → −0.494%
- $37.52
- Slippage, 4 orders
- −$101.26
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$73.71
- Costs to cover
- 1.163%
- Break-even
- 109.4 days
Slippage from Coinbase International: live order book, 46 min ago; Extended: live order book, 46 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, 46 min ago | 5.96 bp | 31.5 bp −$31 | 54.6 bp −$546 | doesn't fit | doesn't fit |
| Sell Extended live order book, 46 min ago | 3.69 bp | 32.2 bp −$32 | 244.2 bp −$2,442 | doesn't fit | doesn't fit |
OPENAI on 21 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 | 1,622.5 | −0.092% | $1.2M | $418K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,704.2 | +4.938% | $1.4M | $280K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,666.2 | +2.599% | $764K | $205K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,651.9 | +1.717% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,619.3 | −0.289% | $52.4M | $31.9M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,624.4 | +0.025% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,624 | −0.001% | — | $2.5M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,623.1 | −0.054% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,622.5 | −0.095% | $79K | $216K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,622 | −0.123% | $1.6M | $559K | 10x | 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-USDT
Phemex OPENAIUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OPENAI-PERP-INTXlong | +0.0024% | 1h | 1,624 | long leg | $222K | $158K | 5x | |
| Lighter RH OPENAI | +0.0032% | 1h | 1,675.1 | +3.145% | $2.6M | $6.2M | 5x | as long as short |
| Extended OPENAI-USDshort | +0.0048% | 1h | 1,622.1 | −0.119% | $131K | $722K | 10x | |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,627.8 | +0.236% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,622.4 | −0.097% | $22.9M | $18.7M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,622.7 | −0.084% | $13.1M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,624.5 | +0.030% | $376K | $67K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,623.5 | −0.030% | $2.6M | $759K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,622.9 | −0.066% | $2K | $138K | 10x | as long as short |
| Entropy io:OAI | +0.0086% | 1h | 1,667.8 | +2.696% | $7.4M | $2.2M | 6x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,622.2 | −0.113% | — | — | 10x | as long as short |
Lighter RH OPENAI
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Entropy io:OAI
Aevo OPENAI-PERP