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: Aster against Phemex+0.415%7-day average +0.149% · you sell dearer than you buy
Net, funding: paid 7d − costs−$701as in the Funding arb table
Net, price: spread back to 7d avg − costs−$684as in the Price arb table
costs, in and out, $10k−$7117.111% of the position
Funding, last 7 days+0.105%+$11 on $10k
+Price spread, last 4 days (all we have)−0.217%−$22 · spread now +0.415%, 7d avg +0.149%
=Together, before fees−0.112%+ Points / potential airdropAster: Stage 5 · farm board−$11 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 Aster is 0.266% dearer against Phemex than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.149%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex OPENAIUSDT | 1,622.5 | 0 | get 0.0000% / 8h | 5h 33m | $1.6M | $542K | 10x |
| Short | Aster OPENAIUSDT | 1,629.2 | 0.0050 | get 0.0050% / 8h | 5h 33m | $212K | $3K | 20x |
Phemex OPENAIUSDT
Aster OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phemex. 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: +0.415% → +0.149%
- $26.57
- Slippage, 4 orders
- −$691.07
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$674
- Costs to cover
- 7.111%
- Break-even
- 456.3 days
Slippage from Phemex: live order book, 5 min ago; Aster: live order book, 28 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 Phemex live order book, 5 min ago | 1.54 bp | 56.8 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 28 min ago | 49.21 bp | 91.3 bp −$91 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OPENAI-PERP-INTX | −0.0104% | 1h | 1,625.2 | +0.166% | $225K | $159K | 5x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,709 | +5.331% | $1.4M | $269K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,664.3 | +2.578% | $763K | $203K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,653.2 | +1.892% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,620.3 | −0.134% | $52.4M | $28.7M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,624.9 | +0.150% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,624.3 | +0.111% | — | $2.4M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,623.8 | +0.083% | $79K | $216K | 20x | as long as short |
| Phemex OPENAIUSDTlong | 0.0000% | 8h | 1,622.5 | long leg | $1.6M | $542K | 10x | |
| QFEX OPENAI-USD | 0.0000% | 1h | 1,623.5 | +0.062% | $1.2M | $470K | 10x | as long as short |
Coinbase International OPENAI-PERP-INTX
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
QFEX OPENAI-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,676.2 | +3.309% | $2.7M | $6.2M | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0041% | 8h | 1,622.9 | +0.022% | $476K | $277K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,623.2 | +0.043% | $135K | $725K | 10x | as long as short |
| Aster OPENAIUSDTshort | +0.0050% | 8h | 1,629.2 | +0.415% | $212K | $3K | 20x | |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,623.7 | +0.071% | $22.9M | $17.8M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,623.5 | +0.064% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,623.3 | +0.047% | $374K | $71K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,622.2 | −0.017% | $2.6M | $754K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,622.2 | −0.018% | $2K | $139K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,622.8 | +0.021% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0137% | 1h | 1,667 | +2.743% | $7.4M | $2.1M | 6x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | +0.0811% | 1h | 1,626 | +0.218% | — | $3 | 5x | as long as short |
Lighter RH OPENAI
BloFin OPENAI-USDT
Extended OPENAI-USD
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI
Deribit OPENAI_USDC-PERPETUAL