Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Gate+2.665%7-day average +3.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$1171.169% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.039%−$4 · spread now +2.665%, 7d avg +3.085%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.420% cheaper against Gate than usual: you would sell low and buy high, −$42 on $10k if it goes back to its 7-day average of +3.085%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate OPENAI_USDT | 1,618.5 | 0 | get 0.0000% / 8h | 3h 59m | $52.4M | $25.3M | 50x |
| Short | Bybit OPENAIUSDT | 1,661.6 | 0 | get 0.0000% / 8h | 3h 59m | $754K | $208K | 25x |
Gate OPENAI_USDT
Bybit OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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: +2.665% → +3.085%
- −$42.04
- Slippage, 4 orders
- −$90.89
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$158.93
- Costs to cover
- 1.169%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; Bybit: live order book, 56 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, 5 min ago | 2.32 bp | 13.6 bp −$14 | 243.1 bp −$2,431 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 56 min ago | 11.36 bp | 69.1 bp −$69 | 436.0 bp −$4,360 | 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 | 1,622 | +0.220% | $1.2M | $553K | 10x | as long as short |
| Bybit OPENAIUSDTshort | 0.0000% | 8h | 1,661.6 | +2.665% | $754K | $208K | 25x | |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,650.7 | +1.991% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDTlong | 0.0000% | 8h | 1,618.5 | long leg | $52.4M | $25.3M | 50x | |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,623.5 | +0.311% | $5.5M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,623.3 | +0.298% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,622 | +0.220% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,623 | +0.276% | $79K | $220K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,621.3 | +0.177% | $1.6M | $545K | 10x | as long as short |
| Lighter OPENAI | +0.0008% | 1h | 1,712.6 | +5.817% | $1.4M | $265K | 5x | as long as short |
QFEX OPENAI-USD
OKX OPENAI-USDT-SWAP
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDT
Phemex OPENAIUSDT
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 | 1,680.1 | +3.805% | $2.7M | $6.1M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,621.5 | +0.184% | $141K | $737K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,628.2 | +0.604% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,621.8 | +0.208% | $22.9M | $17.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,621.8 | +0.207% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,625.3 | +0.423% | $375K | $68K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,622.4 | +0.244% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,622.3 | +0.233% | $2K | $153K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0056% | 8h | 1,621.4 | +0.182% | $474K | $286K | 20x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0056% | 1h | 1,626 | +0.465% | $227K | $161K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,621.8 | +0.208% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0149% | 1h | 1,674.5 | +3.461% | $7.7M | $2.3M | 6x | 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
Coinbase International OPENAI-PERP-INTX
Aevo OPENAI-PERP
Entropy io:OAI