OPENAI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.42 per $10,000 · paid last 24h −0.017%

Price spread now: Phemex against BloFin−0.055%59s7-day average −0.016% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$11 on $10k

Price spread, last 3 days (all we have)+0.046%+$5 · spread now −0.055%, 7d avg −0.016%

Together, before fees−0.069%−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.038% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.016%). Swap the legs. The two prices were read 59 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	1,628.2	0.0042	pay 0.0042% / 8h	7h 45m	$475K	$277K	20x
Short	Phemex OPENAIUSDT	1,627.3	0	get 0.0000% / 8h	7h 45m	$1.6M	$561K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee PhemexbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$8.74
Price spread: −0.055% → −0.016%: −$3.84
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$36.58
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 25 min ago; Phemex: live order book, 3 min ago. Net counts fees only.

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, 25 min ago	0.21 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	6.05 bp	56.5 bp −$57	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	1,630.8	+0.162%	$231K	$151K	5x	as long as short
QFEX OPENAI-USD	0.0000%	1h	1,627.2	−0.061%	$1.2M	$400K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,709.1	+4.972%	$1.4M	$282K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,671.6	+2.670%	$770K	$209K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,660	+1.956%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,624.3	−0.239%	$52.6M	$39.2M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,628	−0.010%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,627.9	−0.016%	—	$2.6M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,629	+0.054%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,627.5	−0.039%	$79K	$214K	20x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex OPENAIUSDTshort	0.0000%	8h	1,627.3	−0.055%	$1.6M	$561K	10x
Lighter RH OPENAI	+0.0032%	1h	1,681	+3.247%	$2.7M	$6.2M	5x	as long as short
BloFin OPENAI-USDTlong	+0.0042%	8h	1,628.2	long leg	$475K	$277K	20x
Extended OPENAI-USD	+0.0048%	1h	1,626.8	−0.081%	$132K	$772K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,634.1	+0.368%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,627.4	−0.047%	$23.1M	$18.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,627.2	−0.060%	$13.1M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,637.1	+0.548%	$379K	$65K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,627.2	−0.057%	$2.6M	$752K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,630.6	+0.153%	$2K	$139K	10x	as long as short
Entropy io:OAI	+0.0069%	1h	1,675.2	+2.889%	$7.4M	$2.2M	6x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,627.4	−0.050%	—	—	10x	as long as short