Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.203%
Price spread now: Binance against HTX−0.027%7-day average +0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$590.593% of the position
Funding, last 7 days+0.293%+$29 on $10k
+Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.027%, 7d avg +0.054%
=Funding pays, the price is against you. Binance is 0.081% cheaper against HTX than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.054%). If the spread goes back, that is −$8 on $10k: about 5.4 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.293% in total) that is about 46 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX OPENAI-USDT | 1,617.1 | 0 | get 0.0000% / 8h | 2h 15m | $79K | $225K | 20x |
| Short | Binance OPENAIUSDT | 1,616.7 | 0.0050 | get 0.0050% / 8h | 2h 15m | $22.8M | $17.3M | 20x |
HTX OPENAI-USDT
Binance OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against HTX. 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: −0.027% → +0.054%
- −$8.07
- Slippage, 4 orders
- −$37.25
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$56.83
- Costs to cover
- 0.593%
- Break-even
- 44.9 days
Slippage from HTX: live order book, 31 min ago; Binance: live order book, 10 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 HTX live order book, 31 min ago | 3.50 bp | 17.9 bp −$18 | 33.0 bp −$330 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.96 bp | 9.5 bp −$10 | 12.9 bp −$129 | 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 | −0.0005% | 1h | 1,616.4 | −0.041% | $1.2M | $603K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,708 | +5.623% | $1.4M | $264K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,657.4 | +2.490% | $752K | $205K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,643.6 | +1.639% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,613.5 | −0.225% | $52.2M | $19.7M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,618.1 | +0.063% | $5.4M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,617.3 | +0.013% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,616.6 | −0.033% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDTlong | 0.0000% | 8h | 1,617.1 | long leg | $79K | $225K | 20x | |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,616.1 | −0.062% | $1.6M | $522K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
Phemex OPENAIUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OPENAI-PERP-INTX | +0.0016% | 1h | 1,620.9 | +0.237% | $226K | $161K | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0023% | 8h | 1,616.2 | −0.058% | $472K | $289K | 20x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,675.1 | +3.585% | $2.6M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,616.2 | −0.056% | $141K | $896K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,619.9 | +0.174% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDTshort | +0.0050% | 8h | 1,616.7 | −0.027% | $22.8M | $17.3M | 20x | |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,616.6 | −0.029% | $13.0M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,617.7 | +0.035% | $373K | $70K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,616.2 | −0.053% | $2.6M | $757K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,615.4 | −0.103% | $2K | $170K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,616.2 | −0.054% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0123% | 1h | 1,665.1 | +2.969% | $7.6M | $2.3M | 6x | as long as short |
Coinbase International OPENAI-PERP-INTX
BloFin OPENAI-USDT
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI