Funding you earn now, next payment 02:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h +0.018%
Price spread now: BloFin against QFEX+0.384%519s7-day average +0.015% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.067%+$7 on $10k
+Price spread, last 3 days (all we have)−0.358%−$36 · spread now +0.384%, 7d avg +0.015%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.369% dearer against QFEX than usual: you sell high and buy low: +$37 more if the spread goes back to its 7-day average of +0.015%. The two prices were read 519 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 | QFEX OPENAI-USD | 1,623 | −0.0004 | get 0.0001% / 1h | 40m 35s | $1.2M | $407K | 10x |
| Short | BloFin OPENAI-USDT | 1,629.3 | 0.0059 | get 0.0059% / 8h | 6h 40m | $477K | $280K | 20x |
QFEX OPENAI-USD
BloFin OPENAI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against QFEX. 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
- $13.28
- Price spread: +0.384% → +0.015%
- $36.92
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $28.19
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: QFEX: live order book, 1 min ago; BloFin: live order book, 25 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 QFEX live order book, 1 min ago | 2.12 bp | 8.2 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 25 min ago | 0.28 bp | 12.4 bp −$12 | 15.8 bp −$158 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX OPENAI-USDlong | −0.0004% | 1h | 1,623 | long leg | $1.2M | $407K | 10x | |
| Lighter OPENAI | 0.0000% | 1h | 1,709.4 | +5.320% | $1.4M | $280K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,666.5 | +2.680% | $764K | $205K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,650.9 | +1.718% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,619.9 | −0.193% | $52.4M | $31.8M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,624 | +0.058% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,624.7 | +0.104% | — | $2.5M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,624.2 | +0.070% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,624.7 | +0.105% | $79K | $216K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,623.9 | +0.053% | $1.6M | $562K | 10x | as long as short |
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDT
Phemex OPENAIUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OPENAI-PERP-INTX | +0.0024% | 1h | 1,624.5 | +0.088% | $222K | $155K | 5x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,677 | +3.328% | $2.7M | $6.1M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,623.2 | +0.013% | $136K | $717K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,629.6 | +0.406% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,622.4 | −0.037% | $22.9M | $18.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,622.7 | −0.022% | $13.1M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,626.2 | +0.193% | $379K | $68K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,623.9 | +0.057% | $2.6M | $761K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,626.4 | +0.210% | $2K | $137K | 10x | as long as short |
| BloFin OPENAI-USDTshort | +0.0059% | 8h | 1,629.3 | +0.384% | $477K | $280K | 20x | |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,623 | −0.004% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0112% | 1h | 1,671.6 | +2.993% | $7.4M | $2.2M | 6x | as long as short |
Coinbase International OPENAI-PERP-INTX
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