Funding you earn now, next payment 00:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h +0.270%
Price spread now: Coinbase International against QFEX+0.133%7-day average +0.477% · 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−$97as in the Price arb table
costs, in and out, $10k−$620.625% of the position
Funding, last 3 days (all we have)+0.719%+$72 on $10k
+Price spread, last 3 days (all we have)+1.011%+$101 · spread now +0.133%, 7d avg +0.477%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.344% cheaper against QFEX than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of +0.477%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.719%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX OPENAI-USD | 1,631.5 | 0.0000 | get 0.0000% / 1h | 54m 16s | $1.2M | $387K | 10x |
| Short | Coinbase International OPENAI-PERP-INTX | 1,633.7 | −0.0024 | pay 0.0003% / 1h | 54m 16s | $235K | $150K | 5x |
QFEX OPENAI-USD
Coinbase International OPENAI-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$4.96
- Price spread: +0.133% → +0.477%
- −$34.43
- Slippage, 4 orders
- −$42.48
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$101.86
- Costs to cover
- 0.625%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 7 min ago; Coinbase International: live order book, 19 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, 7 min ago | 1.80 bp | 9.3 bp −$9 | 18.7 bp −$187 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 19 min ago | 7.26 bp | 21.5 bp −$22 | 48.2 bp −$482 | 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-INTXshort | −0.0024% | 1h | 1,633.7 | +0.133% | $235K | $150K | 5x | |
| QFEX OPENAI-USDlong | 0.0000% | 1h | 1,631.5 | long leg | $1.2M | $387K | 10x | |
| Lighter OPENAI | 0.0000% | 1h | 1,712.1 | +4.942% | $1.4M | $282K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,674.2 | +2.618% | $771K | $209K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,660.7 | +1.789% | $5.1M | $1.4M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,627.8 | −0.225% | $52.7M | $39.1M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,631.6 | +0.006% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,631.6 | +0.006% | — | $2.6M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,631.6 | +0.006% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,631.8 | +0.020% | $79K | $214K | 20x | 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-USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,630 | −0.092% | $1.6M | $560K | 10x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,683.7 | +3.199% | $2.7M | $6.2M | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0041% | 8h | 1,632.8 | +0.081% | $474K | $278K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,631.5 | −0.004% | $132K | $662K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,637.1 | +0.344% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,632 | +0.027% | $23.2M | $18.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,630.9 | −0.038% | $13.1M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,638.4 | +0.419% | $377K | $65K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,631.2 | −0.017% | $2.6M | $751K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,633.5 | +0.120% | $2K | $139K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,631.6 | +0.003% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0157% | 1h | 1,677.1 | +2.794% | $7.4M | $2.2M | 6x | as long as short |
Phemex OPENAIUSDT
Lighter RH OPENAI
BloFin OPENAI-USDT
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