Funding you earn now, next payment 10:00 UTC−0.0712%/8h= −78.0% APRpaid last 24h −0.406%
Price spread now: HTX against Coinbase International−0.349%7-day average −0.448% · you buy dearer than you sell
Net, funding: paid 7d − costs−$181as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$790.785% of the position
Funding, last 7 days−1.025%−$103 on $10k
+Price spread, last 4 days (all we have)−0.855%−$85 · spread now −0.349%, 7d avg −0.448%
=The price spread pays, funding is against you. HTX is 0.099% dearer against Coinbase International than usual: you sell high and buy low (spread −0.349% now, against its 7-day average of −0.448%): +$10 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 11 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International OPENAI-PERP-INTX | 1,641.5 | 0.0712 | pay 0.0089% / 1h | 43m 09s | $231K | $176K | 5x |
| Short | HTX OPENAI-USDT | 1,635.7 | 0 | get 0.0000% / 8h | 5h 43m | $80K | $159K | 20x |
Coinbase International OPENAI-PERP-INTX
HTX OPENAI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$149.52
- Price spread: −0.349% → −0.448%
- $9.86
- Slippage, 4 orders
- −$56.52
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$218.18
- Costs to cover
- 0.785%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; HTX: live order book, 1 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, 3 min ago | 10.24 bp | 35.2 bp −$35 | 67.2 bp −$672 | doesn't fit | doesn't fit |
| Sell HTX live order book, 1 min ago | 3.55 bp | 11.4 bp −$11 | 21.7 bp −$217 | doesn't fit | doesn't fit |
OPENAI on 22 exchanges
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 | −0.0003% | 1h | 1,634.8 | −0.409% | $1.2M | $657K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,715.1 | +4.486% | $1.4M | $274K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,670.3 | +1.756% | $717K | $288K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,661.9 | +1.245% | $5.1M | $1.2M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,632.6 | −0.538% | $49.2M | $15.4M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,635.9 | −0.340% | $5.4M | $3.6M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,635.8 | −0.345% | — | $1.7M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,634.6 | −0.420% | $3K | $3K | 5x | as long as short |
| HTX OPENAI-USDTshort | 0.0000% | 8h | 1,635.7 | −0.349% | $80K | $159K | 20x | |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,634.7 | −0.413% | $1.6M | $503K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
Phemex OPENAIUSDTShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,683.2 | +2.540% | $2.8M | $6.3M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,634.4 | −0.430% | $142K | $812K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,637.5 | −0.244% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,635 | −0.396% | $23.1M | $17.3M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,634.1 | −0.451% | $6.7M | $2.5M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,639.2 | −0.136% | $381K | $233K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,635 | −0.396% | $2.6M | $770K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,633.4 | −0.489% | $2K | $169K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0056% | 8h | 1,634.9 | −0.402% | $484K | $322K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,634.8 | −0.406% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0181% | 1h | 1,673.1 | +1.927% | $7.6M | $2.4M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTXlong | +0.0712% | 1h | 1,641.5 | long leg | $231K | $176K | 5x |
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Aevo OPENAI-PERP
Entropy io:OAI