OPENAI

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h +0.015%

Price spread now: Extended against QFEX+0.024%7-day average −0.028% · 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−$81as in the Price arb table

costs, in and out, $10k−$860.857% of the position

Long on QFEX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.053%+$5 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.024%, 7d avg −0.028%

Together, before fees−0.007%+ 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 0.052% dearer against QFEX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.028%.

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 38s	$1.2M	$387K	10x
Short	Extended OPENAI-USD	1,631.9	0.0048	get 0.0006% / 1h	54m 38s	$132K	$662K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee ExtendedbpOrdersPrice spread, now +0.024%Rate

Funding earned: $10.16
Price spread: +0.024% → −0.028%: $5.16
Slippage, 4 orders: −$70.75
Fee QFEX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$70.43
Costs to cover: 0.857%
Break-even: 55.5 days

Slippage from QFEX: live order book, 7 min ago; Extended: live order book, 18 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 Extended live order book, 18 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	+0.133%	$235K	$150K	5x	as long as short
QFEX OPENAI-USDlong	0.0000%	1h	1,631.5	long leg	$1.2M	$387K	10x
Lighter OPENAI	0.0000%	1h	1,712.2	+4.943%	$1.4M	$282K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,674.7	+2.644%	$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	1,628	−0.214%	$52.7M	$39.1M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,632	+0.028%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,632.7	+0.073%	—	$2.6M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,632.3	+0.048%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,631.9	+0.023%	$79K	$214K	20x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex OPENAIUSDT	0.0000%	8h	1,629.8	−0.103%	$1.6M	$559K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,683.8	+3.203%	$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-USDshort	+0.0048%	1h	1,631.9	+0.024%	$132K	$662K	10x
Aster OPENAIUSDT	+0.0050%	8h	1,637.1	+0.343%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,632.2	+0.043%	$23.2M	$18.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,631.2	−0.020%	$13.1M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,638.4	+0.419%	$377K	$64K	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	+0.006%	—	—	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