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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 02:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h −0.001%
Price spread now: QFEX against OKX−1.646%7-day average −2.054% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$1001.000% of the position
Long on OKXShort on QFEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.004%$0 on $10k
Price spread, last 7 days−0.480%−$48 · spread now −1.646%, 7d avg −2.054%
Together, before fees−0.484%−$48 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: QFEX is 0.408% dearer against OKX than usual: you sell high and buy low, +$41 on $10k if it goes back to its 7-day average of −2.054%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX OPENAI-USDT-SWAP1,651.50get 0.0000% / 8h6h 41m$5.1M$1.3M20x
ShortQFEX OPENAI-USD1,624.3−0.0004pay 0.0001% / 1h41m 04s$1.2M$410K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX 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
−$0.87
Price spread: −1.646% → −2.054%
$40.82
Slippage, 4 orders
−$80
Fee OKX: 5 bp × 2 orders
−$10
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$60.05
Costs to cover
1.000%
Break-even
never at this rate
Slippage from OKX: live order book, 2 min ago; QFEX: live order book, 5 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, 2 min ago3.93 bp40.7 bp −$41doesn't fitdoesn't fitdoesn't fit
Sell QFEX live order book, 5 min ago2.40 bp8.3 bp −$8doesn't fitdoesn'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-USDshort−0.0004%1h1,624.3−1.646%$1.2M$410K10x
Lighter OPENAI0.0000%1h1,709.6+3.516%$1.4M$280K5xas long as short
Bybit OPENAIUSDT0.0000%8h1,667.7+0.983%$765K$205K25xas long as short
OKX OPENAI-USDT-SWAPlong0.0000%8h1,651.5long leg$5.1M$1.3M20x
Gate OPENAI_USDT0.0000%8h1,621.4−1.825%$52.5M$31.8M50xas long as short
Bitget OPENAIUSDT0.0000%8h1,625.3−1.587%$5.5M$5.1M20xas long as short
SunX OPENAI-USDT0.0000%8h1,624.7−1.623%—$2.5M10xas long as short
Deribit OPENAI_USDC-PERPETUAL0.0000%1h1,624.2−1.656%—$35xas long as short
HTX OPENAI-USDT0.0000%8h1,624.7−1.621%$79K$216K20xas long as short
Phemex OPENAIUSDT0.0000%8h1,623.9−1.672%$1.6M$562K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International OPENAI-PERP-INTX+0.0024%1h1,624.5−1.638%$222K$155K5xas long as short
Lighter RH OPENAI+0.0032%1h1,677.2+1.557%$2.7M$6.1M5xas long as short
Extended OPENAI-USD+0.0048%1h1,623.8−1.678%$136K$717K10xas long as short
Aster OPENAIUSDT+0.0050%8h1,629.6−1.329%$212K$3K20xas long as short
Binance OPENAIUSDT+0.0050%8h1,624.2−1.654%$23.0M$18.9M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,624.4−1.641%$13.1M$3.2M50xas long as short
KuCoin OPENAIUSDTM+0.0050%8h1,626.1−1.537%$379K$68K20xas long as short
Variational Omni OPENAI+0.0050%8h1,623.9−1.668%$2.6M$761K—as long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,626.4−1.518%$2K$137K10xas long as short
BloFin OPENAI-USDT+0.0059%8h1,629.3−1.347%$477K$280K20xas long as short
Aevo OPENAI-PERP+0.0104%1h1,623−1.729%——10xas long as short
Entropy io:OAI+0.0115%1h1,671.8+1.229%$7.4M$2.2M6xas long as short