Funding you earn now, next payment 05:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.014%
Price spread now: Extended against Bybit−2.583%7-day average −2.940% · you buy dearer than you sell
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1621.618% of the position
Funding, last 7 days+0.101%+$10 on $10k
+Price spread, last 4 days (all we have)−0.111%−$11 · spread now −2.583%, 7d avg −2.940%
=Together, before fees−0.010%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.356% dearer against Bybit than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of −2.940%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit OPENAIUSDT | 1,663.5 | 0 | get 0.0000% / 8h | 3h 42m | $755K | $207K | 25x |
| Short | Extended OPENAI-USD | 1,620.5 | 0.0048 | get 0.0006% / 1h | 42m 42s | $141K | $737K | 10x |
Bybit OPENAIUSDT
Extended OPENAI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Bybit. 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
- $10.08
- Price spread: −2.583% → −2.940%
- $35.65
- Slippage, 4 orders
- −$145.75
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$116.03
- Costs to cover
- 1.618%
- Break-even
- 87.6 days
Slippage from Bybit: live order book, 7 min ago; Extended: live order book, 10 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 Bybit live order book, 7 min ago | 8.72 bp | 20.5 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 10 min ago | 4.01 bp | 33.0 bp −$33 | 254.9 bp −$2,549 | 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 | −0.0001% | 1h | 1,620.7 | −2.573% | $1.2M | $562K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,712 | +2.920% | $1.4M | $265K | 5x | as long as short |
| Bybit OPENAIUSDTlong | 0.0000% | 8h | 1,663.5 | long leg | $755K | $207K | 25x | |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,650.5 | −0.779% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,618.1 | −2.727% | $52.3M | $25.3M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,622.9 | −2.438% | $5.5M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,622.6 | −2.456% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,621.3 | −2.534% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,621.6 | −2.517% | $79K | $221K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,620.9 | −2.558% | $1.6M | $542K | 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 | 1,679.3 | +0.951% | $2.7M | $6.2M | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0047% | 8h | 1,621 | −2.554% | $473K | $286K | 20x | as long as short |
| Extended OPENAI-USDshort | +0.0048% | 1h | 1,620.5 | −2.583% | $141K | $737K | 10x | |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,628.2 | −2.120% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,620.9 | −2.556% | $22.9M | $17.7M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,621.3 | −2.532% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,625.3 | −2.292% | $375K | $68K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,620.9 | −2.558% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,620.7 | −2.571% | $2K | $156K | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0056% | 1h | 1,622 | −2.491% | $226K | $162K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,620.5 | −2.582% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0132% | 1h | 1,673.1 | +0.580% | $7.7M | $2.3M | 6x | as long as short |
Lighter RH OPENAI
BloFin OPENAI-USDT
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Coinbase International OPENAI-PERP-INTX
Aevo OPENAI-PERP
Entropy io:OAI