OPENAI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0296%/8h= +32.4% APRnext payment +$0.37 per $10,000 · paid last 24h +0.201%

Price spread now: Coinbase International against Extended+0.377%7-day average +0.477% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1601.598% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.716%+$72 on $10k

Price spread, last 4 days (all we have)+0.580%+$58 · spread now +0.377%, 7d avg +0.477%

Together, before fees+1.297%+ Points / potential airdropExtended: Active · farm board+$130 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.100% cheaper against Extended than usual: you would sell low and buy high (spread +0.377% now, against its 7-day average of +0.477%). If the spread goes back, that is −$10 on $10k: about 27 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended OPENAI-USD	1,628.9	0.0048	pay 0.0006% / 1h	1m 27s	$142K	$808K	10x
Short	Coinbase International OPENAI-PERP-INTX	1,635	0.0344	get 0.0043% / 1h	1m 27s	$231K	$176K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now +0.377%Rate

Funding earned: $62.16
Price spread: +0.377% → +0.477%: −$9.95
Slippage, 4 orders: −$144.85
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$107.64
Costs to cover: 1.598%
Break-even: 19.1 days

Slippage from Extended: live order book, 31 min ago; Coinbase International: live order book, 31 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 Extended live order book, 31 min ago	3.71 bp	42.4 bp −$42	279.5 bp −$2,795	doesn't fit	doesn't fit
Sell Coinbase International live order book, 31 min ago	22.82 bp	34.9 bp −$35	53.6 bp −$536	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-USD	−0.0004%	1h	1,629.1	+0.016%	$1.2M	$645K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,712.2	+5.116%	$1.4M	$276K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,660.6	+1.950%	$730K	$285K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,654.7	+1.587%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,627.1	−0.108%	$46.9M	$12.0M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,630.7	+0.114%	$5.4M	$3.8M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,629.7	+0.052%	—	$2.1M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,630	+0.072%	$79K	$225K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,628.7	−0.010%	$1.6M	$498K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,678	+3.018%	$2.7M	$6.3M	5x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin OPENAI-USDT	+0.0037%	8h	1,629.2	+0.022%	$476K	$307K	20x	as long as short
Extended OPENAI-USDlong	+0.0048%	1h	1,628.9	long leg	$142K	$808K	10x
Aster OPENAIUSDT	+0.0050%	8h	1,630.7	+0.112%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,629.3	+0.026%	$23.0M	$16.4M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,631.2	+0.143%	$6.7M	$2.4M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,630.4	+0.092%	$376K	$143K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,629.2	+0.023%	$2.6M	$766K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,628.9	+0.001%	$2K	$173K	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	+0.0075%	1h	1,629.4	+0.035%	$3K	$3K	5x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,628.9	+0.005%	—	—	10x	as long as short
Entropy io:OAI	+0.0151%	1h	1,668	+2.403%	$7.6M	$2.4M	6x	as long as short
Coinbase International OPENAI-PERP-INTXshort	+0.0344%	1h	1,635	+0.377%	$231K	$176K	5x