Funding you earn now, next payment 08:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.36 per $10,000 · paid last 24h −0.012%
Price spread now: Bybit against BloFin+2.544%102s7-day average +2.916% · you sell dearer than you buy
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1551.550% of the position
Funding, last 7 days−0.107%−$11 on $10k
+Price spread, last 4 days (all we have)+0.354%+$35 · spread now +2.544%, 7d avg +2.916%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.372% cheaper against BloFin than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of +2.916%). Swap the legs. The two prices were read 102 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin OPENAI-USDT | 1,618.2 | 0.0036 | pay 0.0036% / 8h | 1h 51m | $472K | $289K | 20x |
| Short | Bybit OPENAIUSDT | 1,659.4 | 0 | get 0.0000% / 8h | 1h 51m | $753K | $205K | 25x |
BloFin OPENAI-USDT
Bybit OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$7.46
- Price spread: +2.544% → +2.916%
- −$37.2
- Slippage, 4 orders
- −$132.01
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$199.67
- Costs to cover
- 1.550%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 34 min ago; Bybit: live order book, 53 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 BloFin live order book, 34 min ago | 0.99 bp | 12.1 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 53 min ago | 15.35 bp | 97.9 bp −$98 | 679.6 bp −$6,796 | 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 | −0.0002% | 1h | 1,618 | −0.010% | $1.2M | $612K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,712.5 | +5.826% | $1.4M | $264K | 5x | as long as short |
| Bybit OPENAIUSDTshort | 0.0000% | 8h | 1,659.4 | +2.544% | $753K | $205K | 25x | |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,646.3 | +1.737% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,615.1 | −0.189% | $52.3M | $18.0M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,619.2 | +0.065% | $5.4M | $4.7M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,619.2 | +0.062% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,618.7 | +0.030% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,618.7 | +0.030% | $79K | $226K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,618.3 | +0.007% | $1.6M | $515K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
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 | 1,679.5 | +3.786% | $2.7M | $6.0M | 5x | as long as short |
| BloFin OPENAI-USDTlong | +0.0036% | 8h | 1,618.2 | long leg | $472K | $289K | 20x | |
| Coinbase International OPENAI-PERP-INTX | +0.0040% | 1h | 1,625 | +0.423% | $226K | $162K | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,618.1 | −0.008% | $141K | $895K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,621.5 | +0.205% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,618.5 | +0.019% | $22.8M | $17.3M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,618.4 | +0.015% | $13.0M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,620.5 | +0.142% | $372K | $69K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,619 | +0.050% | $2.6M | $757K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,619.3 | +0.066% | $2K | $175K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,617.7 | −0.029% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0140% | 1h | 1,670.3 | +3.220% | $7.7M | $2.3M | 6x | as long as short |
Lighter RH OPENAI
Coinbase International OPENAI-PERP-INTX
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI