Funding you earn now, next payment 01:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.04 per $10,000 · paid last 24h −0.257%
Price spread now: QFEX against Coinbase International−0.017%7-day average −0.468% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$610.615% of the position
Funding, last 3 days (all we have)−0.719%−$72 on $10k
+Price spread, last 3 days (all we have)−1.084%−$108 · spread now −0.017%, 7d avg −0.468%
=The price spread pays, funding is against you. QFEX is 0.451% dearer against Coinbase International than usual: you sell high and buy low (spread −0.017% now, against its 7-day average of −0.468%): +$45 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 53 days. At the pace of the last 3 days (−0.719% in total) that is about 2.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International OPENAI-PERP-INTX | 1,625.3 | 0.0024 | pay 0.0003% / 1h | 42m 58s | $222K | $154K | 5x |
| Short | QFEX OPENAI-USD | 1,625.1 | −0.0004 | pay 0.0001% / 1h | 42m 58s | $1.2M | $407K | 10x |
Coinbase International OPENAI-PERP-INTX
QFEX OPENAI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$5.91
- Price spread: −0.017% → −0.468%
- $45.13
- Slippage, 4 orders
- −$41.48
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$22.26
- Costs to cover
- 0.615%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 25 min ago; QFEX: live order book, 3 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, 25 min ago | 5.96 bp | 31.5 bp −$31 | 54.6 bp −$546 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 3 min ago | 2.40 bp | 8.3 bp −$8 | 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-USDshort | −0.0004% | 1h | 1,625.1 | −0.017% | $1.2M | $407K | 10x | |
| Lighter OPENAI | 0.0000% | 1h | 1,710 | +5.211% | $1.4M | $280K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,667.7 | +2.609% | $765K | $205K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,653.2 | +1.715% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,621.7 | −0.221% | $52.5M | $31.8M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,625.7 | +0.022% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,625.5 | +0.011% | — | $2.5M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,625 | −0.022% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,625.3 | −0.001% | $79K | $216K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,624.9 | −0.025% | $1.6M | $562K | 10x | as long as short |
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 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OPENAI-PERP-INTXlong | +0.0024% | 1h | 1,625.3 | long leg | $222K | $154K | 5x | |
| Lighter RH OPENAI | +0.0032% | 1h | 1,677.7 | +3.225% | $2.7M | $6.1M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,624.8 | −0.030% | $136K | $717K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,630.1 | +0.291% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,625.2 | −0.004% | $23.0M | $19.0M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,624.8 | −0.031% | $13.1M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,627.3 | +0.124% | $379K | $67K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,623.8 | −0.093% | $2.6M | $761K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,626.4 | +0.068% | $2K | $137K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0059% | 8h | 1,629.3 | +0.242% | $477K | $280K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,623.6 | −0.105% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0119% | 1h | 1,672.2 | +2.884% | $7.4M | $2.2M | 6x | 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