OPENAI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.015%

Price spread now: Binance against Gate+0.203%7-day average +0.174% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$680.676% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$11 on $10k

Price spread, last 2 days (all we have)−0.005%−$1 · spread now +0.203%, 7d avg +0.174%

Together, before fees+0.100%+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.028% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.174%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate OPENAI_USDT	1,620.4	0	get 0.0000% / 8h	6h 25m	$52.4M	$31.8M	50x
Short	Binance OPENAIUSDT	1,623.7	0.0050	get 0.0050% / 8h	6h 25m	$22.9M	$18.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.203%Rate

Funding earned: $10.5
Price spread: +0.203% → +0.174%: $2.84
Slippage, 4 orders: −$42.59
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$54.25
Costs to cover: 0.676%
Break-even: 43.2 days

Slippage from Gate: live order book, 4 min ago; Binance: live order book, 1 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 Gate live order book, 4 min ago	1.70 bp	14.5 bp −$15	246.3 bp −$2,463	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	1.11 bp	24.6 bp −$25	27.8 bp −$278	doesn't fit	doesn't fit

OPENAI on 21 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	1,623.6	+0.195%	$1.2M	$414K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,708.2	+5.419%	$1.4M	$280K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,665.6	+2.791%	$763K	$205K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,652.1	+1.956%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDTlong	0.0000%	8h	1,620.4	long leg	$52.4M	$31.8M	50x
Bitget OPENAIUSDT	0.0000%	8h	1,624.7	+0.267%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,624.2	+0.234%	—	$2.5M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,623.6	+0.195%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,623.9	+0.216%	$79K	$216K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,623.4	+0.187%	$1.6M	$560K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International OPENAI-PERP-INTX	+0.0024%	1h	1,624	+0.222%	$222K	$158K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,675.8	+3.416%	$2.6M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,623.3	+0.176%	$131K	$722K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,629.2	+0.540%	$212K	$3K	20x	as long as short
Binance OPENAIUSDTshort	+0.0050%	8h	1,623.7	+0.203%	$22.9M	$18.8M	20x
MEXC OPENAI_USDT	+0.0050%	8h	1,623.6	+0.199%	$13.1M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,624.4	+0.247%	$377K	$67K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,623.5	+0.192%	$2.6M	$759K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622.7	+0.144%	$2K	$138K	10x	as long as short
Entropy io:OAI	+0.0078%	1h	1,667.7	+2.918%	$7.4M	$2.2M	6x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,622.9	+0.156%	—	—	10x	as long as short