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: Gate against Binance−0.183%7-day average −0.174% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$750.752% of the position
Funding, last 7 days−0.105%−$11 on $10k
+Price spread, last 2 days (all we have)−0.014%−$1 · spread now −0.183%, 7d avg −0.174%
=The price spread sits at its 7-day average of −0.174%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPENAIUSDT | 1,622.7 | 0.0050 | pay 0.0050% / 8h | 6h 16m | $22.9M | $18.6M | 20x |
| Short | Gate OPENAI_USDT | 1,619.8 | 0 | get 0.0000% / 8h | 6h 16m | $52.4M | $31.9M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.183% → −0.174%
- −$0.86
- Slippage, 4 orders
- −$50.22
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$86.58
- Costs to cover
- 0.752%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; Gate: live order book, 2 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, 9 min ago | 1.11 bp | 15.0 bp −$15 | 52.8 bp −$528 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 1.45 bp | 14.5 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
OPENAI on 21 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 | −0.0004% | 1h | 1,622.8 | +0.006% | $1.2M | $425K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,704.2 | +5.022% | $1.4M | $280K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,666.4 | +2.688% | $764K | $205K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,654.5 | +1.958% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDTshort | 0.0000% | 8h | 1,619.8 | −0.183% | $52.4M | $31.9M | 50x | |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,624.7 | +0.122% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,624 | +0.078% | — | $2.5M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,623.2 | +0.028% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,623.2 | +0.027% | $79K | $216K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,622.6 | −0.005% | $1.6M | $557K | 10x | as long as short |
Show all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OPENAI-PERP-INTX | +0.0024% | 1h | 1,624 | +0.079% | $222K | $158K | 5x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,674.9 | +3.218% | $2.6M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,622.3 | −0.026% | $131K | $722K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,628.8 | +0.374% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDTlong | +0.0050% | 8h | 1,622.7 | long leg | $22.9M | $18.6M | 20x | |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,623.1 | +0.020% | $13.1M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,624.3 | +0.099% | $375K | $67K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,621.1 | −0.103% | $2.6M | $759K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,622.4 | −0.018% | $2K | $139K | 10x | as long as short |
| Entropy io:OAI | +0.0096% | 1h | 1,668 | +2.790% | $7.4M | $2.2M | 6x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,622.3 | −0.028% | — | — | 10x | as long as short |
Binance OPENAIUSDT
Gate OPENAI_USDT
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDT
Phemex OPENAIUSDT
Coinbase International OPENAI-PERP-INTX
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp