Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.005%
Price spread now: Phemex against GRVT−0.185%77s7-day average +0.010% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.095%−$10 on $10k
+Price spread, last 3 days (all we have)+0.271%+$27 · spread now −0.185%, 7d avg +0.010%
=Together, before fees+0.176%+ Points / potential airdropGRVT: Active · farm board+$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phemex is 0.195% cheaper against GRVT than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.010%). Swap the legs. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT OPENAI_USDT_Perp | 1,627.4 | 0.0050 | pay 0.0050% / 8h | 6h 45m | $2K | $137K | 10x |
| Short | Phemex OPENAIUSDT | 1,624.3 | 0 | get 0.0000% / 8h | 6h 45m | $1.6M | $562K | 10x |
GRVT OPENAI_USDT_Perp
Phemex OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against GRVT. 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
- −$10.5
- Price spread: −0.185% → +0.010%
- −$19.46
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$50.96
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: GRVT: live order book, 17 min ago; Phemex: live order book, 2 min ago. Net counts fees only.
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 GRVT live order book, 17 min ago | 2.64 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 3.69 bp | 43.8 bp −$44 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit OPENAI_USDC-PERPETUAL | −0.0064% | 1h | 1,624.1 | −0.198% | — | $3 | 5x | as long as short |
| QFEX OPENAI-USD | −0.0004% | 1h | 1,624.4 | −0.179% | $1.2M | $418K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,710.9 | +5.134% | $1.4M | $280K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,667.6 | +2.474% | $765K | $205K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,652.8 | +1.564% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,621.8 | −0.344% | $52.5M | $31.7M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,625.5 | −0.116% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,625.5 | −0.114% | — | $2.5M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,627.1 | −0.017% | $79K | $216K | 20x | as long as short |
| Phemex OPENAIUSDTshort | 0.0000% | 8h | 1,624.3 | −0.185% | $1.6M | $562K | 10x |
Deribit OPENAI_USDC-PERPETUAL
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OPENAI-PERP-INTX | +0.0024% | 1h | 1,625.3 | −0.125% | $222K | $155K | 5x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,679.1 | +3.179% | $2.7M | $6.1M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,623.8 | −0.219% | $136K | $717K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,630 | +0.161% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,624.3 | −0.189% | $23.0M | $19.0M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,624.6 | −0.168% | $13.1M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,632.1 | +0.289% | $377K | $67K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,623.8 | −0.217% | $2.6M | $761K | — | as long as short |
| GRVT OPENAI_USDT_Perplong | +0.0050% | 8h | 1,627.4 | long leg | $2K | $137K | 10x | |
| BloFin OPENAI-USDT | +0.0059% | 8h | 1,629.3 | +0.117% | $477K | $280K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,623.1 | −0.260% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0129% | 1h | 1,672.7 | +2.787% | $7.4M | $2.2M | 6x | as long as short |
Coinbase International OPENAI-PERP-INTX
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
BloFin OPENAI-USDT
Aevo OPENAI-PERP
Entropy io:OAI