Funding you earn now, next payment 08:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.27 per $10,000 · paid last 24h +0.012%
Price spread now: BloFin against Phemex+0.098%59s7-day average +0.017% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.107%+$11 on $10k
+Price spread, last 4 days (all we have)−0.088%−$9 · spread now +0.098%, 7d avg +0.017%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.081% dearer against Phemex than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.017%. The two prices were read 59 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 | Phemex OPENAIUSDT | 1,622.6 | 0 | get 0.0000% / 8h | 4h 16m | $1.6M | $546K | 10x |
| Short | BloFin OPENAI-USDT | 1,624.2 | 0.0027 | get 0.0027% / 8h | 4h 16m | $475K | $285K | 20x |
Phemex OPENAIUSDT
BloFin OPENAI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $5.76
- Price spread: +0.098% → +0.017%
- $8.1
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$10.15
- Costs to cover
- 0.240%
- Break-even
- 19.3 days
Slippage unknown: Phemex: live order book, 2 min ago; BloFin: live order book, 20 min ago. 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 Phemex live order book, 2 min ago | 3.17 bp | 63.8 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 20 min ago | 1.41 bp | doesn't fit | 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 | −0.0024% | 1h | 1,624.9 | +0.144% | $226K | $161K | 5x | as long as short |
| QFEX OPENAI-USD | −0.0004% | 1h | 1,622.7 | +0.007% | $1.2M | $547K | 10x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,663.7 | +2.532% | $755K | $207K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,652 | +1.812% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,619.3 | −0.205% | $52.4M | $28.1M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,623.8 | +0.076% | $5.5M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,624.1 | +0.092% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,623.1 | +0.029% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,624.9 | +0.144% | $79K | $219K | 20x | as long as short |
| Phemex OPENAIUSDTlong | 0.0000% | 8h | 1,622.6 | long leg | $1.6M | $546K | 10x |
Coinbase International OPENAI-PERP-INTX
QFEX OPENAI-USD
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter OPENAI | +0.0008% | 1h | 1,713.9 | +5.624% | $1.4M | $266K | 5x | as long as short |
| BloFin OPENAI-USDTshort | +0.0027% | 8h | 1,624.2 | +0.098% | $475K | $285K | 20x | |
| Lighter RH OPENAI | +0.0032% | 1h | 1,681.1 | +3.602% | $2.7M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,622.4 | −0.014% | $144K | $736K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,629.4 | +0.419% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,622.8 | +0.013% | $22.9M | $17.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,622.5 | −0.006% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,625.3 | +0.168% | $375K | $70K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,623.7 | +0.065% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,623.9 | +0.082% | $2K | $150K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,622.5 | −0.007% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0249% | 1h | 1,675.6 | +3.266% | $7.7M | $2.3M | 6x | as long as short |
Lighter OPENAI
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI