OPENAI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0344%/8h= +37.7% APRpaid last 24h +0.215%

Price spread now: Coinbase International against Phemex+0.473%7-day average +0.453% · you sell dearer than you buy

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$208as in the Price arb table

costs, in and out, $10k−$2102.097% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.817%+$82 on $10k

Price spread, last 4 days (all we have)+0.356%+$36 · spread now +0.473%, 7d avg +0.453%

Together, before fees+1.173%+$117 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.453%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex OPENAIUSDT	1,621.3	0	get 0.0000% / 8h	7h 27m	$1.6M	$497K	10x
Short	Coinbase International OPENAI-PERP-INTX	1,629	0.0344	get 0.0043% / 1h	27m 10s	$236K	$172K	5x

Funding history

latest

Range statsloading…

Coinbase International against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee PhemexbpFee Coinbase InternationalbpOrdersPrice spread, now +0.473%Rate

Slippage from Phemex: live order book, 1 min ago; Coinbase International: live order book, 6 min ago.

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, 1 min ago	4.60 bp	57.3 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 6 min ago	22.82 bp	34.9 bp −$35	53.6 bp −$536	doesn't fit	doesn't fit

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
QFEX OPENAI-USD	−0.0004%	1h	1,619.2	−0.133%	$1.2M	$631K	10x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,659.1	+2.332%	$730K	$284K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,649.3	+1.725%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,618.2	−0.192%	$46.1M	$10.3M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,622.7	+0.082%	$5.4M	$3.9M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,620.8	−0.033%	—	$2.3M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,620.3	−0.065%	$3K	$3K	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,621.2	−0.009%	$79K	$225K	20x	as long as short
Phemex OPENAIUSDTlong	0.0000%	8h	1,621.3	long leg	$1.6M	$497K	10x
Lighter OPENAI	+0.0008%	1h	1,709.8	+5.454%	$1.4M	$274K	5x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH OPENAI	+0.0032%	1h	1,676.6	+3.411%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,618.9	−0.148%	$142K	$808K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,622	+0.041%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,619.5	−0.115%	$22.9M	$16.3M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,620.4	−0.060%	$6.6M	$2.4M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,619.7	−0.103%	$373K	$114K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,618.9	−0.148%	$2.6M	$760K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,618.2	−0.190%	$2K	$173K	10x	as long as short
BloFin OPENAI-USDT	+0.0073%	8h	1,619.7	−0.103%	$478K	$298K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,619.1	−0.137%	—	—	10x	as long as short
Entropy io:OAI	+0.0197%	1h	1,669.3	+2.959%	$7.6M	$2.3M	6x	as long as short
Coinbase International OPENAI-PERP-INTXshort	+0.0344%	1h	1,629	+0.473%	$236K	$172K	5x