Funding you earn now, next payment 02:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h —
Price spread now: Deribit against OKX−1.753%56s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 14 hours (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Deribit is 1.753% cheaper against OKX than usual: you would sell low and buy high (−$175 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 56 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 | OKX OPENAI-USDT-SWAP | 1,653.1 | 0 | get 0.0000% / 8h | 6h 45m | $5.1M | $1.3M | 20x |
| Short | Deribit OPENAI_USDC-PERPETUAL | 1,624.1 | −0.0064 | pay 0.0008% / 1h | 45m 27s | — | $3 | 5x |
OKX OPENAI-USDT-SWAP
Deribit OPENAI_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against OKX. 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
- −$13.45
- Price spread: −1.753% → 0.000%
- −$175.31
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$205.76
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 2 min ago; Deribit: no order-book sample. 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 OKX live order book, 2 min ago | 0.30 bp | 37.2 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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-PERPETUALshort | −0.0064% | 1h | 1,624.1 | −1.753% | — | $3 | 5x | |
| QFEX OPENAI-USD | −0.0004% | 1h | 1,624.4 | −1.736% | $1.2M | $418K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,710.9 | +3.496% | $1.4M | $280K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,667.5 | +0.874% | $765K | $205K | 25x | as long as short |
| OKX OPENAI-USDT-SWAPlong | 0.0000% | 8h | 1,653.1 | long leg | $5.1M | $1.3M | 20x | |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,621.6 | −1.904% | $52.5M | $31.7M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,625.8 | −1.651% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,625.5 | −1.670% | — | $2.5M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,627.1 | −1.575% | $79K | $216K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,624.3 | −1.740% | $1.6M | $562K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Phemex OPENAIUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OPENAI-PERP-INTX | +0.0024% | 1h | 1,625.3 | −1.680% | $222K | $155K | 5x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,678.7 | +1.548% | $2.7M | $6.1M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,624 | −1.763% | $136K | $717K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,629.8 | −1.406% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,624.5 | −1.732% | $23.0M | $19.0M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,624.8 | −1.715% | $13.1M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,632.1 | −1.273% | $380K | $67K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,623.8 | −1.772% | $2.6M | $761K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,627.4 | −1.558% | $2K | $137K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0059% | 8h | 1,629.3 | −1.442% | $477K | $280K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,623.1 | −1.814% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0129% | 1h | 1,672.7 | +1.186% | $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
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Aevo OPENAI-PERP
Entropy io:OAI