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Funding arb · Price arb /

OPENAI

RWAall OPENAI markets
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Alert: funding
Measured
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Alert: spread
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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 OKX−1.662%7-day average −2.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$1101.101% of the position
Long on OKXShort 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 7 days−0.419%−$42 · spread now −1.662%, 7d avg −2.002%
Together, before fees−0.314%−$31 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 0.340% dearer against OKX than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of −2.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX OPENAI-USDT-SWAP1,6510get 0.0000% / 8h5h 12m$5.1M$1.3M20x
ShortBinance OPENAIUSDT1,623.60.0050get 0.0050% / 8h5h 12m$22.9M$17.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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
$10.5
Price spread: −1.662% → −2.002%
$34.03
Slippage, 4 orders
−$90.08
Fee OKX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$65.55
Costs to cover
1.101%
Break-even
50.7 days
Slippage from OKX: live order book, 5 min ago; Binance: live order book, 13 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 OKX live order book, 5 min ago1.82 bp17.4 bp −$17doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 13 min ago1.11 bp18.1 bp −$1822.2 bp −$222doesn'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
Coinbase International OPENAI-PERP-INTX−0.0104%1h1,625.2−1.563%$225K$160K5xas long as short
Lighter OPENAI0.0000%1h1,708.7+3.495%$1.4M$269K5xas long as short
Bybit OPENAIUSDT0.0000%8h1,664+0.788%$758K$206K25xas long as short
OKX OPENAI-USDT-SWAPlong0.0000%8h1,651long leg$5.1M$1.3M20x
Gate OPENAI_USDT0.0000%8h1,619.8−1.890%$52.4M$28.8M50xas long as short
Bitget OPENAIUSDT0.0000%8h1,623.8−1.649%$5.5M$5.1M20xas long as short
SunX OPENAI-USDT0.0000%8h1,623.5−1.666%—$2.4M10xas long as short
Deribit OPENAI_USDC-PERPETUAL0.0000%1h1,622.1−1.749%—$35xas long as short
HTX OPENAI-USDT0.0000%8h1,623.8−1.651%$79K$216K20xas long as short
Phemex OPENAIUSDT0.0000%8h1,623.2−1.686%$1.6M$545K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX OPENAI-USD0.0000%1h1,623.8−1.646%$1.2M$486K10xas long as short
Lighter RH OPENAI+0.0032%1h1,675.8+1.500%$2.7M$6.2M5xas long as short
Extended OPENAI-USD+0.0048%1h1,623.1−1.688%$141K$737K10xas long as short
Aster OPENAIUSDT+0.0050%8h1,628.5−1.363%$212K$3K20xas long as short
Binance OPENAIUSDTshort+0.0050%8h1,623.6−1.662%$22.9M$17.9M20x
MEXC OPENAI_USDT+0.0050%8h1,623.2−1.684%$13.0M$3.2M50xas long as short
KuCoin OPENAIUSDTM+0.0050%8h1,624.6−1.601%$374K$70K20xas long as short
Variational Omni OPENAI+0.0050%8h1,623.2−1.686%$2.6M$759K—as long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,622.8−1.709%$2K$142K10xas long as short
BloFin OPENAI-USDT+0.0066%8h1,624.1−1.628%$478K$277K20xas long as short
Aevo OPENAI-PERP+0.0104%1h1,622.5−1.726%——10xas long as short
Entropy io:OAI+0.0148%1h1,667.2+0.981%$7.4M$2.1M6xas long as short