Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.015%
Price spread now: Phemex against Aster−0.398%7-day average −0.140% · you buy dearer than you sell
Net, funding: paid 7d − costs−$422as in the Funding arb table
Net, price: spread back to 7d avg − costs−$437as in the Price arb table
costs, in and out, $10k−$4114.111% of the position
Funding, last 7 days−0.105%−$11 on $10k
+Price spread, last 3 days (all we have)+0.313%+$31 · spread now −0.398%, 7d avg −0.140%
=Together, before fees+0.208%+ Points / potential airdropAster: Stage 5 · farm board+$21 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 Phemex is 0.258% cheaper against Aster than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.140%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster OPENAIUSDT | 1,634.5 | 0.0050 | pay 0.0050% / 8h | 7h 25m | $213K | $3K | 20x |
| Short | Phemex OPENAIUSDT | 1,628 | 0 | get 0.0000% / 8h | 7h 25m | $1.6M | $561K | 10x |
Aster OPENAIUSDT
Phemex OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: −0.398% → −0.140%
- −$25.79
- Slippage, 4 orders
- −$391.09
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$447.38
- Costs to cover
- 4.111%
- Break-even
- never at this rate
Slippage from Aster: live order book, 46 min ago; Phemex: live order book, 3 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, 46 min ago | 34.76 bp | 216.3 bp −$216 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 4.08 bp | 67.0 bp −$67 | doesn't fit | 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 | 1,628.2 | −0.387% | $228K | $147K | 5x | as long as short |
| QFEX OPENAI-USD | 0.0000% | 1h | 1,629.1 | −0.334% | $1.2M | $417K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,711.4 | +4.705% | $1.4M | $283K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,671 | +2.231% | $769K | $207K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,659.6 | +1.533% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,625.2 | −0.569% | $52.6M | $39.2M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,629 | −0.342% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,629.2 | −0.327% | — | $2.6M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,628.3 | −0.381% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,628.6 | −0.362% | $79K | $214K | 20x | as long as short |
Coinbase International OPENAI-PERP-INTX
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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex OPENAIUSDTshort | 0.0000% | 8h | 1,628 | −0.398% | $1.6M | $561K | 10x | |
| Lighter RH OPENAI | +0.0032% | 1h | 1,684 | +3.027% | $2.7M | $6.3M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,628.5 | −0.368% | $133K | $857K | 10x | as long as short |
| Aster OPENAIUSDTlong | +0.0050% | 8h | 1,634.5 | long leg | $213K | $3K | 20x | |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,628.9 | −0.346% | $23.1M | $18.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,627.7 | −0.418% | $13.1M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,637.1 | +0.156% | $379K | $65K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,630.1 | −0.274% | $2.6M | $757K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,628.2 | −0.386% | $2K | $138K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0062% | 8h | 1,628.4 | −0.374% | $474K | $279K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,628.6 | −0.366% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0120% | 1h | 1,675.5 | +2.506% | $7.4M | $2.2M | 6x | 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
Aevo OPENAI-PERP
Entropy io:OAI