Settings8H · net · $10k
Funding arb · Price arb /

OPENAI

RWAall OPENAI markets
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Alert: funding
Alert: spread
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: Phemex against Gate+0.186%7-day average +0.175% · you sell dearer than you buy
Net, funding: paid 7d − costs−$217as in the Funding arb table
Net, price: spread back to 7d avg − costs−$216as in the Price arb table
costs, in and out, $10k−$2172.166% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.186%, 7d avg +0.175%
Together, before fees−0.027%−$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate OPENAI_USDT1,612.70get 0.0000% / 8h2h 52m$52.2M$19.6M50x
ShortPhemex OPENAIUSDT1,615.70get 0.0000% / 8h2h 52m$1.6M$530K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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

Funding earned
$0
Price spread: +0.186% → +0.175%
$1.08
Slippage, 4 orders
−$189.63
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$215.55
Costs to cover
2.166%
Break-even
never at this rate
Slippage from Gate: live order book, 2 min ago; Phemex: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 2 min ago3.26 bp17.1 bp −$17366.9 bp −$3,669doesn't fitdoesn't fit
Sell Phemex live order book, 1 min ago5.88 bp57.4 bp −$57doesn't fitdoesn't fitdoesn't fit

OPENAI on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX OPENAI-USD−0.0005%1h1,614.2+0.089%$1.2M$596K10xas long as short
Lighter OPENAI0.0000%1h1,706.7+5.824%$1.4M$260K5xas long as short
Bybit OPENAIUSDT0.0000%8h1,658.5+2.838%$753K$205K25xas long as short
OKX OPENAI-USDT-SWAP0.0000%8h1,646.7+2.106%$5.1M$1.3M20xas long as short
Gate OPENAI_USDTlong0.0000%8h1,612.7long leg$52.2M$19.6M50x
Bitget OPENAIUSDT0.0000%8h1,617.4+0.291%$5.4M$5.0M20xas long as short
SunX OPENAI-USDT0.0000%8h1,616.6+0.240%$2.4M10xas long as short
Deribit OPENAI_USDC-PERPETUAL0.0000%1h1,615.8+0.190%$35xas long as short
HTX OPENAI-USDT0.0000%8h1,614.5+0.109%$79K$221K20xas long as short
Phemex OPENAIUSDTshort0.0000%8h1,615.7+0.186%$1.6M$530K10x
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International OPENAI-PERP-INTX+0.0016%1h1,617.9+0.318%$225K$160K5xas long as short
BloFin OPENAI-USDT+0.0023%8h1,614.3+0.100%$473K$286K20xas long as short
Lighter RH OPENAI+0.0032%1h1,674+3.800%$2.6M$6.1M5xas long as short
Extended OPENAI-USD+0.0048%1h1,613.8+0.068%$142K$895K10xas long as short
Aster OPENAIUSDT+0.0050%8h1,617.6+0.299%$211K$3K20xas long as short
Binance OPENAIUSDT+0.0050%8h1,614.4+0.104%$22.8M$17.4M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,615.8+0.190%$13.0M$3.1M50xas long as short
KuCoin OPENAIUSDTM+0.0050%8h1,619.8+0.436%$373K$69K20xas long as short
Variational Omni OPENAI+0.0050%8h1,614.4+0.104%$2.6M$766Kas long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,614.8+0.125%$2K$162K10xas long as short
Aevo OPENAI-PERP+0.0104%1h1,614+0.079%10xas long as short
Entropy io:OAI+0.0145%1h1,666.4+3.328%$7.6M$2.3M6xas long as short