Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.015%
Price spread now: Gate against Aster−0.622%7-day average −0.296% · you buy dearer than you sell
Net, funding: paid 7d − costs−$497as in the Funding arb table
Net, price: spread back to 7d avg − costs−$519as in the Price arb table
costs, in and out, $10k−$4874.867% of the position
Funding, last 7 days−0.105%−$11 on $10k
+Price spread, last 4 days (all we have)+0.532%+$53 · spread now −0.622%, 7d avg −0.296%
=Together, before fees+0.427%+ Points / potential airdropAster: Stage 5 · farm board+$43 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.326% cheaper against Aster than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of −0.296%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster OPENAIUSDT | 1,626.6 | 0.0050 | pay 0.0050% / 8h | 1h 04m | $212K | $3K | 20x |
| Short | Gate OPENAI_USDT | 1,616.5 | 0 | get 0.0000% / 8h | 1h 04m | $52.5M | $40.7M | 50x |
Aster OPENAIUSDT
Gate OPENAI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Aster. 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
- −$10.5
- Price spread: −0.622% → −0.296%
- −$32.58
- Slippage, 4 orders
- −$463.71
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$529.79
- Costs to cover
- 4.867%
- Break-even
- never at this rate
Slippage from Aster: live order book, 12 min ago; Gate: live order book, 5 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 Aster live order book, 12 min ago | 58.23 bp | 360.3 bp −$360 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 2.72 bp | 18.2 bp −$18 | 253.0 bp −$2,530 | 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-USD | −0.0005% | 1h | 1,619.1 | −0.464% | $1.2M | $387K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,696.3 | +4.285% | $1.4M | $291K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,666.9 | +2.478% | $763K | $226K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,650.7 | +1.480% | $5.1M | $1.4M | 20x | as long as short |
| Gate OPENAI_USDTshort | 0.0000% | 8h | 1,616.5 | −0.622% | $52.5M | $40.7M | 50x | |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,621.8 | −0.296% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,621 | −0.345% | — | $2.6M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,620.7 | −0.361% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,619.6 | −0.430% | $78K | $213K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,619.7 | −0.428% | $1.6M | $567K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,668.8 | +2.596% | $2.6M | $6.4M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,619.4 | −0.441% | $131K | $667K | 10x | as long as short |
| Aster OPENAIUSDTlong | +0.0050% | 8h | 1,626.6 | long leg | $212K | $3K | 20x | |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,619.8 | −0.422% | $23.0M | $19.3M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,619.7 | −0.423% | $13.0M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,626.7 | +0.004% | $374K | $66K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,618.7 | −0.489% | $2.6M | $755K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,619.2 | −0.454% | $2K | $148K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0055% | 8h | 1,618.5 | −0.497% | $471K | $279K | 20x | as long as short |
| Entropy io:OAI | +0.0094% | 1h | 1,661.1 | +2.120% | $7.3M | $2.2M | 6x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,619.5 | −0.436% | — | — | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0456% | 1h | 1,620 | −0.405% | $235K | $144K | 5x | as long as short |
Lighter RH OPENAI
Extended OPENAI-USD
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Entropy io:OAI
Aevo OPENAI-PERP
Coinbase International OPENAI-PERP-INTX