Funding you earn now, next payment 02:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h —
Price spread now: BloFin against Deribit+0.287%297s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 14 hours (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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.287% dearer against Deribit than usual: you sell high and buy low: +$29 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 297 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 | Deribit OPENAI_USDC-PERPETUAL | 1,624.6 | 0 | get 0.0000% / 1h | 43m 57s | — | $3 | 5x |
| Short | BloFin OPENAI-USDT | 1,629.3 | 0.0059 | get 0.0059% / 8h | 6h 43m | $477K | $280K | 20x |
Deribit OPENAI_USDC-PERPETUAL
BloFin OPENAI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Deribit. 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
- $12.4
- Price spread: +0.287% → 0.000%
- $28.75
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $22.15
- Costs to cover
- 0.190%
- Break-even
- from the start
Slippage unknown: Deribit: no order-book sample; BloFin: live order book, 22 min ago. 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 Deribit no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 22 min ago | 0.28 bp | 12.4 bp −$12 | 15.8 bp −$158 | doesn't fit | doesn't fit |
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 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 | 1,624.5 | −0.004% | $1.2M | $419K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,710.1 | +5.262% | $1.4M | $280K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,667.7 | +2.655% | $765K | $205K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,652.8 | +1.736% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,622.1 | −0.156% | $52.5M | $31.8M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,626.3 | +0.105% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,625.4 | +0.050% | — | $2.5M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUALlong | 0.0000% | 1h | 1,624.6 | long leg | — | $3 | 5x | |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,625.3 | +0.044% | $79K | $216K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,625 | +0.026% | $1.6M | $562K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
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-INTX | +0.0024% | 1h | 1,625.3 | +0.045% | $222K | $154K | 5x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,677.9 | +3.278% | $2.7M | $6.1M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,624.6 | 0.000% | $136K | $717K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,630 | +0.335% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,624.9 | +0.020% | $23.0M | $19.0M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,625.2 | +0.035% | $13.1M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,629.2 | +0.286% | $379K | $67K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,623.8 | −0.048% | $2.6M | $761K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,627.4 | +0.170% | $2K | $137K | 10x | as long as short |
| BloFin OPENAI-USDTshort | +0.0059% | 8h | 1,629.3 | +0.287% | $477K | $280K | 20x | |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,623.6 | −0.061% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0123% | 1h | 1,672.4 | +2.943% | $7.4M | $2.2M | 6x | as long as short |
Coinbase International OPENAI-PERP-INTX
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI