Funding you earn now, next payment 07:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h —
Price spread now: Phemex against Aevo−0.025%54s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.025% cheaper against Aevo than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 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 | Aevo OPENAI-PERP | 1,617.6 | 0.0104 | pay 0.0013% / 1h | 39m 17s | — | — | 10x |
| Short | Phemex OPENAIUSDT | 1,617.2 | 0 | get 0.0000% / 8h | 1h 39m | $1.6M | $511K | 10x |
Aevo OPENAI-PERP
Phemex OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Aevo. 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
- −$21.84
- Price spread: −0.025% → 0.000%
- −$2.48
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$52.32
- Costs to cover
- 0.280%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Phemex: live order book, 4 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 4 min ago | 5.84 bp | 60.3 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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-USD | −0.0002% | 1h | 1,617.9 | +0.016% | $1.2M | $607K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,712.4 | +5.856% | $1.4M | $264K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,659.9 | +2.612% | $753K | $205K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,649.6 | +1.976% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,615.1 | −0.157% | $52.3M | $18.1M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,619.1 | +0.093% | $5.4M | $4.6M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,619 | +0.085% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,618.2 | +0.037% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,617.7 | +0.004% | $79K | $226K | 20x | as long as short |
| Phemex OPENAIUSDTshort | 0.0000% | 8h | 1,617.2 | −0.025% | $1.6M | $511K | 10x |
QFEX OPENAI-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,679.6 | +3.828% | $2.7M | $6.0M | 5x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0040% | 1h | 1,625 | +0.458% | $226K | $162K | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,617.5 | −0.009% | $144K | $735K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,621.5 | +0.238% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,617.9 | +0.016% | $22.8M | $16.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,618.1 | +0.031% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,620.3 | +0.163% | $372K | $69K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,617.7 | +0.006% | $2.6M | $757K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,617.4 | −0.013% | $2K | $176K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0057% | 8h | 1,615.5 | −0.134% | $474K | $288K | 20x | as long as short |
| Aevo OPENAI-PERPlong | +0.0104% | 1h | 1,617.6 | long leg | — | — | 10x | |
| Entropy io:OAI | +0.0131% | 1h | 1,669.6 | +3.213% | $7.7M | $2.3M | 6x | as long as short |
Lighter RH OPENAI
Coinbase International OPENAI-PERP-INTX
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Entropy io:OAI