Funding you earn now, next payment 05:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.014%
Price spread now: OKX against Extended+1.883%7-day average +2.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1261.255% of the position
Funding, last 7 days−0.101%−$10 on $10k
+Price spread, last 4 days (all we have)−0.025%−$2 · spread now +1.883%, 7d avg +2.024%
=Together, before fees−0.125%+ Points / potential airdropExtended: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.141% cheaper against Extended than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +2.024%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended OPENAI-USD | 1,620.2 | 0.0048 | pay 0.0006% / 1h | 49m 10s | $141K | $737K | 10x |
| Short | OKX OPENAI-USDT-SWAP | 1,650.7 | 0 | get 0.0000% / 8h | 3h 49m | $5.1M | $1.3M | 20x |
Extended OPENAI-USD
OKX OPENAI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Extended. 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
- −$10.08
- Price spread: +1.883% → +2.024%
- −$14.1
- Slippage, 4 orders
- −$110.53
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$149.71
- Costs to cover
- 1.255%
- Break-even
- never at this rate
Slippage from Extended: live order book, 4 min ago; OKX: 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 Extended live order book, 4 min ago | 4.01 bp | 34.3 bp −$34 | 253.1 bp −$2,531 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 1.51 bp | 42.7 bp −$43 | 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-USD | −0.0001% | 1h | 1,620.7 | +0.029% | $1.2M | $559K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,712 | +5.665% | $1.4M | $265K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,663.5 | +2.671% | $755K | $207K | 25x | as long as short |
| OKX OPENAI-USDT-SWAPshort | 0.0000% | 8h | 1,650.7 | +1.883% | $5.1M | $1.3M | 20x | |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,617.4 | −0.174% | $52.3M | $25.3M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,622.8 | +0.161% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,622.9 | +0.168% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,621.7 | +0.095% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,622.3 | +0.131% | $79K | $221K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,619.8 | −0.021% | $1.6M | $543K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,679.5 | +3.658% | $2.7M | $6.2M | 5x | as long as short |
| Extended OPENAI-USDlong | +0.0048% | 1h | 1,620.2 | long leg | $141K | $737K | 10x | |
| BloFin OPENAI-USDT | +0.0049% | 8h | 1,620.4 | +0.014% | $472K | $286K | 20x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,627.5 | +0.449% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,620.6 | +0.024% | $22.8M | $17.8M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,620.5 | +0.021% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,625.3 | +0.318% | $375K | $68K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,620.4 | +0.013% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,621.5 | +0.080% | $2K | $155K | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0056% | 1h | 1,622 | +0.113% | $226K | $162K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,620.4 | +0.013% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0154% | 1h | 1,674 | +3.322% | $7.7M | $2.3M | 6x | as long as short |
Lighter RH OPENAI
BloFin OPENAI-USDT
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Coinbase International OPENAI-PERP-INTX
Aevo OPENAI-PERP
Entropy io:OAI