Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.203%
Price spread now: HTX against Binance+0.136%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$720.724% of the position
Funding, last 7 days−0.293%−$29 on $10k
+Price spread, last 2 days (all we have)−0.064%−$6 · spread now +0.136%, 7d avg +0.016%
=The price spread pays, funding is against you. HTX is 0.121% dearer against Binance than usual: you sell high and buy low (spread +0.136% now, against its 7-day average of +0.016%): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.1 days. At the pace of the last 7 days (−0.293% in total) that is about 2.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPENAIUSDT | 1,621.6 | 0.0050 | pay 0.0050% / 8h | 5h 48m | $22.9M | $17.8M | 20x |
| Short | HTX OPENAI-USDT | 1,623.9 | 0 | get 0.0000% / 8h | 5h 48m | $79K | $216K | 20x |
Binance OPENAIUSDT
HTX OPENAI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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: +0.136% → +0.016%
- $12.1
- Slippage, 4 orders
- −$50.44
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$70.85
- Costs to cover
- 0.724%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; HTX: live order book, 13 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, 7 min ago | 0.80 bp | 19.3 bp −$19 | 52.9 bp −$529 | doesn't fit | doesn't fit |
| Sell HTX live order book, 13 min ago | 3.11 bp | 17.7 bp −$18 | 32.8 bp −$328 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OPENAI-PERP-INTX | −0.0104% | 1h | 1,623.3 | +0.099% | $224K | $158K | 5x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,707.3 | +5.281% | $1.4M | $268K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,664.3 | +2.633% | $763K | $203K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,650.9 | +1.804% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,618.8 | −0.174% | $52.4M | $28.7M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,623.1 | +0.088% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,623.4 | +0.108% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,621.8 | +0.006% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDTshort | 0.0000% | 8h | 1,623.9 | +0.136% | $79K | $216K | 20x | |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,621.7 | +0.001% | $1.6M | $544K | 10x | as long as short |
Coinbase International OPENAI-PERP-INTX
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
Phemex OPENAIUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX OPENAI-USD | 0.0000% | 1h | 1,622.5 | +0.054% | $1.2M | $443K | 10x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,674.8 | +3.280% | $2.7M | $6.1M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,621.2 | −0.026% | $131K | $720K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,626.5 | +0.301% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDTlong | +0.0050% | 8h | 1,621.6 | long leg | $22.9M | $17.8M | 20x | |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,621.8 | +0.012% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,622.1 | +0.029% | $374K | $71K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,622.7 | +0.064% | $2.6M | $752K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,622.3 | +0.041% | $2K | $137K | 10x | as long as short |
| Entropy io:OAI | +0.0098% | 1h | 1,667.4 | +2.821% | $7.4M | $2.1M | 6x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,621.7 | +0.003% | — | — | 10x | as long as short |
QFEX OPENAI-USD
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Entropy io:OAI
Aevo OPENAI-PERP