Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h —
Price spread now: Phemex against Deribit−0.065%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 22 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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.065% cheaper against Deribit than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 57 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 | 1,620.3 | 0 | get 0.0000% / 1h | 27m 16s | $3K | $3K | 5x |
| Short | Phemex OPENAIUSDT | 1,619.2 | 0 | get 0.0000% / 8h | 7h 27m | $1.6M | $498K | 10x |
Deribit OPENAI_USDC-PERPETUAL
Phemex OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: −0.065% → 0.000%
- −$6.54
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$25.54
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; Phemex: live order book, 1 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 Phemex live order book, 1 min ago | 4.60 bp | 72.3 bp −$72 | doesn't fit | 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 | 1,619.2 | −0.068% | $1.2M | $631K | 10x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,659.1 | +2.398% | $730K | $284K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,649.8 | +1.822% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,618.4 | −0.115% | $46.1M | $10.3M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,622.9 | +0.159% | $5.4M | $3.9M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,620.8 | +0.032% | — | $2.3M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUALlong | 0.0000% | 1h | 1,620.3 | long leg | $3K | $3K | 5x | |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,621.2 | +0.056% | $79K | $225K | 20x | as long as short |
| Phemex OPENAIUSDTshort | 0.0000% | 8h | 1,619.2 | −0.065% | $1.6M | $498K | 10x | |
| Lighter OPENAI | +0.0008% | 1h | 1,709.4 | +5.501% | $1.4M | $274K | 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
Lighter OPENAIShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,676.4 | +3.461% | $2.7M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,618.9 | −0.084% | $142K | $808K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,621.9 | +0.100% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,619.4 | −0.055% | $22.9M | $16.3M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,620.3 | +0.002% | $6.6M | $2.4M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,619.3 | −0.060% | $373K | $114K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,618.9 | −0.083% | $2.6M | $760K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,618.2 | −0.126% | $2K | $173K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0056% | 8h | 1,618.9 | −0.086% | $478K | $297K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,619.1 | −0.072% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0197% | 1h | 1,669.3 | +3.025% | $7.6M | $2.3M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0344% | 1h | 1,629 | +0.538% | $236K | $172K | 5x | 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
Coinbase International OPENAI-PERP-INTX