Funding you earn now, next payment 16:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.015%
Price spread now: Bitget against Binance+0.061%7-day average −0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$670.666% of the position
Funding, last 7 days−0.105%−$11 on $10k
+Price spread, last 7 days−0.129%−$13 · spread now +0.061%, 7d avg −0.067%
=The price spread pays, funding is against you. Bitget is 0.128% dearer against Binance than usual: you sell high and buy low (spread +0.061% now, against its 7-day average of −0.067%): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPENAIUSDT | 1,634.1 | 0.0050 | pay 0.0050% / 8h | 5h 48m | $23.1M | $17.2M | 20x |
| Short | Bitget OPENAIUSDT | 1,635.1 | 0 | get 0.0000% / 8h | 5h 48m | $5.4M | $3.6M | 20x |
Binance OPENAIUSDT
Bitget OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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: +0.061% → −0.067%
- $12.77
- Slippage, 4 orders
- −$44.55
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$64.28
- Costs to cover
- 0.666%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; Bitget: 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 Binance live order book, 1 min ago | 0.98 bp | 7.6 bp −$8 | 45.1 bp −$451 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 2.08 bp | 34.7 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
OPENAI on 22 exchanges
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 | −0.0003% | 1h | 1,634.1 | −0.003% | $1.2M | $656K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,713.2 | +4.837% | $1.4M | $274K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,671.1 | +2.260% | $731K | $279K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,660.2 | +1.596% | $5.1M | $1.2M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,632.6 | −0.092% | $49.1M | $15.1M | 50x | as long as short |
| Bitget OPENAIUSDTshort | 0.0000% | 8h | 1,635.1 | +0.061% | $5.4M | $3.6M | 20x | |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,634.4 | +0.017% | — | $1.7M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,634.5 | +0.020% | $3K | $3K | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,633.9 | −0.016% | $80K | $154K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,634.5 | +0.026% | $1.6M | $503K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDT
Phemex OPENAIUSDTShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,681.7 | +2.914% | $2.8M | $6.3M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,633.6 | −0.032% | $142K | $812K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,636.7 | +0.158% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDTlong | +0.0050% | 8h | 1,634.1 | long leg | $23.1M | $17.2M | 20x | |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,634.5 | +0.020% | $6.7M | $2.4M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,638.6 | +0.272% | $379K | $227K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,633 | −0.066% | $2.6M | $770K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,630.7 | −0.208% | $2K | $169K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0063% | 8h | 1,634.1 | −0.003% | $484K | $321K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,634.2 | +0.003% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0168% | 1h | 1,672.2 | +2.331% | $7.6M | $2.4M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0712% | 1h | 1,635.2 | +0.066% | $230K | $175K | 5x | as long as short |
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Aevo OPENAI-PERP
Entropy io:OAI
Coinbase International OPENAI-PERP-INTX