Funding you earn now, next payment 01:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%
Price spread now: Extended against Phemex−0.001%55s7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$170as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1801.804% of the position
Funding, last 7 days+0.101%+$10 on $10k
+Price spread, last 3 days (all we have)−0.089%−$9 · spread now −0.001%, 7d avg −0.027%
=Together, before fees+0.012%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.027% dearer against Phemex than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.027%. The two prices were read 55 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 | 1,630 | 0 | get 0.0000% / 8h | 7h 53m | $1.6M | $560K | 10x |
| Short | Extended OPENAI-USD | 1,630 | 0.0048 | get 0.0006% / 1h | 53m 28s | $132K | $662K | 10x |
Phemex OPENAIUSDT
Extended OPENAI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $10.08
- Price spread: −0.001% → −0.027%
- $2.68
- Slippage, 4 orders
- −$163.45
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$167.69
- Costs to cover
- 1.804%
- Break-even
- 123.4 days
Slippage from Phemex: live order book, 5 min ago; Extended: live order book, 20 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 | 5.15 bp | 49.7 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 20 min ago | 3.68 bp | 37.5 bp −$37 | 262.4 bp −$2,624 | 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 | 1,633.7 | +0.225% | $235K | $150K | 5x | as long as short |
| QFEX OPENAI-USD | 0.0000% | 1h | 1,630.4 | +0.025% | $1.2M | $386K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,712.1 | +5.037% | $1.4M | $282K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,672.8 | +2.623% | $770K | $209K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,661 | +1.901% | $5.1M | $1.4M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,626.2 | −0.237% | $52.6M | $39.1M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,629.8 | −0.013% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,631.6 | +0.098% | — | $2.6M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,631.6 | +0.098% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,631.8 | +0.112% | $79K | $214K | 20x | as long as short |
Coinbase International OPENAI-PERP-INTX
QFEX OPENAI-USD
Lighter OPENAI
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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex OPENAIUSDTlong | 0.0000% | 8h | 1,630 | long leg | $1.6M | $560K | 10x | |
| Lighter RH OPENAI | +0.0032% | 1h | 1,683.7 | +3.291% | $2.7M | $6.2M | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0041% | 8h | 1,632.8 | +0.173% | $474K | $278K | 20x | as long as short |
| Extended OPENAI-USDshort | +0.0048% | 1h | 1,630 | −0.001% | $132K | $662K | 10x | |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,636 | +0.369% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,630.4 | +0.025% | $23.2M | $18.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,630.1 | +0.006% | $13.1M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,638 | +0.490% | $377K | $65K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,631.2 | +0.075% | $2.6M | $751K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,633.5 | +0.212% | $2K | $139K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,630.3 | +0.018% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0153% | 1h | 1,677.1 | +2.889% | $7.4M | $2.2M | 6x | as long as short |
Lighter RH OPENAI
BloFin OPENAI-USDT
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI