Funding you earn now, next payment 03:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h −0.233%
Price spread now: Extended against Coinbase International−0.090%7-day average −0.488% · you buy dearer than you sell
Net, funding: paid 7d − costs−$177as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$1071.072% of the position
Funding, last 7 days−0.701%−$70 on $10k
+Price spread, last 4 days (all we have)−1.286%−$129 · spread now −0.090%, 7d avg −0.488%
=Together, before fees−1.988%+ Points / potential airdropExtended: Active · farm board−$199 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.398% dearer against Coinbase International than usual: you sell high and buy low: +$40 more if the spread goes back to its 7-day average of −0.488%. Mind the row above: over the last 7 days funding on this pair cost −0.701%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International OPENAI-PERP-INTX | 1,625.7 | −0.0024 | get 0.0003% / 1h | 37m 22s | $226K | $160K | 5x |
| Short | Extended OPENAI-USD | 1,624.3 | 0.0048 | get 0.0006% / 1h | 37m 22s | $144K | $736K | 10x |
Coinbase International OPENAI-PERP-INTX
Extended OPENAI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Coinbase International. 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
- $15.12
- Price spread: −0.090% → −0.488%
- $39.81
- Slippage, 4 orders
- −$92.18
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$52.26
- Costs to cover
- 1.072%
- Break-even
- 31.2 days
Slippage from Coinbase International: live order book, 21 min ago; Extended: live order book, 21 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 Coinbase International live order book, 21 min ago | 11.10 bp | 16.2 bp −$16 | 53.8 bp −$538 | doesn't fit | doesn't fit |
| Sell Extended live order book, 21 min ago | 4.94 bp | 32.1 bp −$32 | 252.9 bp −$2,529 | 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-INTXlong | −0.0024% | 1h | 1,625.7 | long leg | $226K | $160K | 5x | |
| QFEX OPENAI-USD | −0.0004% | 1h | 1,624.9 | −0.052% | $1.2M | $540K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,712.9 | +5.358% | $1.4M | $266K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,663.6 | +2.331% | $758K | $206K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,652.7 | +1.658% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,622.4 | −0.207% | $52.5M | $28.1M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,627.1 | +0.085% | $5.5M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,624.7 | −0.064% | — | $2.4M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,625.3 | −0.028% | $79K | $218K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,624.7 | −0.063% | $1.6M | $545K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
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 | 1,680.3 | +3.355% | $2.7M | $6.2M | 5x | as long as short |
| Extended OPENAI-USDshort | +0.0048% | 1h | 1,624.3 | −0.090% | $144K | $736K | 10x | |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,630.4 | +0.289% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,624.8 | −0.057% | $22.9M | $17.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,625.9 | +0.012% | $13.1M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,624.4 | −0.082% | $376K | $70K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,624 | −0.107% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,622.8 | −0.182% | $2K | $147K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0074% | 8h | 1,624.2 | −0.097% | $475K | $282K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,623.7 | −0.125% | — | — | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | +0.0177% | 1h | 1,625 | −0.047% | — | $3 | 5x | as long as short |
| Entropy io:OAI | +0.0237% | 1h | 1,671.2 | +2.796% | $7.6M | $2.3M | 6x | as long as short |
Lighter RH OPENAI
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Aevo OPENAI-PERP
Deribit OPENAI_USDC-PERPETUAL
Entropy io:OAI