Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Phemex−0.168%7-day average −0.176% · you buy dearer than you sell
Net, funding: paid 7d − costs−$167as in the Funding arb table
Net, price: spread back to 7d avg − costs−$166as in the Price arb table
costs, in and out, $10k−$1671.669% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.168%, 7d avg −0.176%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex OPENAIUSDT | 1,623.8 | 0 | get 0.0000% / 8h | 4h 40m | $1.6M | $545K | 10x |
| Short | Gate OPENAI_USDT | 1,621 | 0 | get 0.0000% / 8h | 4h 40m | $52.4M | $28.1M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $0
- Price spread: −0.168% → −0.176%
- $0.81
- Slippage, 4 orders
- −$139.92
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$166.11
- Costs to cover
- 1.669%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; Gate: live order book, 3 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, 2 min ago | 5.02 bp | 69.8 bp −$70 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 2.41 bp | 13.1 bp −$13 | 444.3 bp −$4,443 | 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 | 1,625.7 | +0.122% | $226K | $160K | 5x | as long as short |
| QFEX OPENAI-USD | −0.0004% | 1h | 1,623.4 | −0.020% | $1.2M | $536K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,710.6 | +5.349% | $1.4M | $265K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,662.1 | +2.361% | $758K | $205K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,653.2 | +1.813% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDTshort | 0.0000% | 8h | 1,621 | −0.168% | $52.4M | $28.1M | 50x | |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,626.1 | +0.145% | $5.5M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,624.1 | +0.021% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,622.5 | −0.076% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,625.3 | +0.094% | $79K | $218K | 20x | as long as short |
Show all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex OPENAIUSDTlong | 0.0000% | 8h | 1,623.8 | long leg | $1.6M | $545K | 10x | |
| Lighter RH OPENAI | +0.0032% | 1h | 1,678.1 | +3.345% | $2.7M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,623.4 | −0.025% | $144K | $736K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,629.4 | +0.347% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,623.7 | −0.001% | $22.9M | $17.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,624.4 | +0.041% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,625.1 | +0.083% | $376K | $69K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,624 | +0.015% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,620.8 | −0.185% | $3K | $146K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0054% | 8h | 1,622.4 | −0.081% | $474K | $281K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,623.2 | −0.032% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0178% | 1h | 1,668.5 | +2.755% | $7.6M | $2.3M | 6x | as long as short |
Phemex OPENAIUSDT
Gate OPENAI_USDT
Coinbase International OPENAI-PERP-INTX
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDT
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT