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Funding arb · Price arb /

OPENAI

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Alert: funding
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Alert: spread
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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: Gate against OKX−1.985%7-day average −2.167% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$1091.094% of the position
Long on OKXShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days−0.184%−$18 · spread now −1.985%, 7d avg −2.167%
Together, before fees−0.184%−$18 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.182% dearer against OKX than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −2.167%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX OPENAI-USDT-SWAP1,648.20get 0.0000% / 8h1h 31m$5.1M$1.3M20x
ShortGate OPENAI_USDT1,615.50get 0.0000% / 8h1h 31m$52.3M$18.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$0
Price spread: −1.985% → −2.167%
$18.2
Slippage, 4 orders
−$84.39
Fee OKX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$91.19
Costs to cover
1.094%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; Gate: live order book, 2 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, 1 min ago3.03 bp22.2 bp −$22doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 2 min ago2.38 bp31.0 bp −$311302.6 bp −$13.0Kdoesn'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−0.0002%1h1,617.6−1.859%$1.2M$625K10xas long as short
Lighter OPENAI0.0000%1h1,712.6+3.910%$1.4M$264K5xas long as short
Bybit OPENAIUSDT0.0000%8h1,658.1+0.599%$752K$204K25xas long as short
OKX OPENAI-USDT-SWAPlong0.0000%8h1,648.2long leg$5.1M$1.3M20x
Gate OPENAI_USDTshort0.0000%8h1,615.5−1.985%$52.3M$18.1M50x
Bitget OPENAIUSDT0.0000%8h1,620.5−1.683%$5.4M$4.6M20xas long as short
SunX OPENAI-USDT0.0000%8h1,618.8−1.784%—$2.4M10xas long as short
Deribit OPENAI_USDC-PERPETUAL0.0000%1h1,618.2−1.818%—$35xas long as short
HTX OPENAI-USDT0.0000%8h1,619.4−1.749%$79K$228K20xas long as short
Phemex OPENAIUSDT0.0000%8h1,617.6−1.857%$1.6M$510K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH OPENAI+0.0032%1h1,679.9+1.924%$2.7M$6.0M5xas long as short
Coinbase International OPENAI-PERP-INTX+0.0040%1h1,625−1.405%$226K$162K5xas long as short
BloFin OPENAI-USDT+0.0046%8h1,617.4−1.872%$473K$289K20xas long as short
Extended OPENAI-USD+0.0048%1h1,618.2−1.818%$144K$581K10xas long as short
Aster OPENAIUSDT+0.0050%8h1,622.8−1.543%$211K$3K20xas long as short
Binance OPENAIUSDT+0.0050%8h1,618.6−1.794%$22.8M$16.9M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,618.4−1.809%$13.0M$3.2M50xas long as short
KuCoin OPENAIUSDTM+0.0050%8h1,620.3−1.695%$372K$68K20xas long as short
Variational Omni OPENAI+0.0050%8h1,617.6−1.859%$2.6M$757K—as long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,617.5−1.862%$2K$176K10xas long as short
Aevo OPENAI-PERP+0.0104%1h1,617.8−1.842%——10xas long as short
Entropy io:OAI+0.0143%1h1,670+1.323%$7.7M$2.3M6xas long as short