Funding you earn now, next payment 10:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h +0.001%
Price spread now: Bybit against QFEX+2.144%53s7-day average +2.883% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1271.273% of the position
Funding, last 4 days (all we have)+0.005%$0 on $10k
+Price spread, last 4 days (all we have)+0.461%+$46 · spread now +2.144%, 7d avg +2.883%
=Funding pays, the price is against you. Bybit is 0.739% cheaper against QFEX than usual: you would sell low and buy high (spread +2.144% now, against its 7-day average of +2.883%). If the spread goes back, that is −$74 on $10k: about 9 months of funding at the current rate ($0 a day). At the pace of the last 4 days (+0.005% in total) that is about 20 months. The two prices were read 53 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 | 1,631.3 | −0.0010 | get 0.0001% / 1h | 19m 39s | $1.2M | $648K | 10x |
| Short | Bybit OPENAIUSDT | 1,666.3 | 0 | get 0.0000% / 8h | 6h 19m | $732K | $285K | 25x |
QFEX OPENAI-USD
Bybit OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $2.02
- Price spread: +2.144% → +2.883%
- −$73.91
- Slippage, 4 orders
- −$106.28
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$199.18
- Costs to cover
- 1.273%
- Break-even
- 698.6 days
Slippage from QFEX: live order book, 5 min ago; Bybit: live order book, 28 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 QFEX live order book, 5 min ago | 1.72 bp | 7.8 bp −$8 | 16.1 bp −$161 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 28 min ago | 14.18 bp | 70.9 bp −$71 | 488.6 bp −$4,886 | doesn't fit | doesn't fit |
OPENAI on 22 exchanges
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 | −0.0010% | 1h | 1,631.3 | long leg | $1.2M | $648K | 10x | |
| Lighter OPENAI | 0.0000% | 1h | 1,713.4 | +5.032% | $1.4M | $277K | 5x | as long as short |
| Bybit OPENAIUSDTshort | 0.0000% | 8h | 1,666.3 | +2.144% | $732K | $285K | 25x | |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,658.1 | +1.644% | $5.1M | $1.2M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,628.4 | −0.177% | $48.3M | $13.7M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,631.8 | +0.030% | $5.4M | $3.7M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,631.7 | +0.026% | — | $1.8M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,631.5 | +0.016% | $3K | $3K | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,632.4 | +0.066% | $80K | $224K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,631.1 | −0.013% | $1.6M | $500K | 10x | as long as short |
Lighter OPENAI
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDT
Phemex OPENAIUSDTShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,678.7 | +2.908% | $2.8M | $6.3M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,630.6 | −0.039% | $143K | $809K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,633.5 | +0.135% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,631.1 | −0.009% | $23.0M | $16.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,633.4 | +0.128% | $6.7M | $2.5M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,634.1 | +0.172% | $377K | $191K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,631.3 | +0.004% | $2.6M | $770K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,629.7 | −0.095% | $2K | $169K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0065% | 8h | 1,631.4 | +0.006% | $481K | $316K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,630.9 | −0.025% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0162% | 1h | 1,670.5 | +2.404% | $7.6M | $2.4M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0720% | 1h | 1,633.5 | +0.133% | $230K | $175K | 5x | as long as short |
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
Aevo OPENAI-PERP
Entropy io:OAI
Coinbase International OPENAI-PERP-INTX