Funding you earn now, next payment 08:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.001%
Price spread now: Binance against Extended+0.020%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1161.155% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.065%+$7 · spread now +0.020%, 7d avg +0.071%
=Together, before fees+0.070%+ Points / potential airdropExtended: Active · farm board+$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.051% cheaper against Extended than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.071%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended OPENAI-USD | 1,615.1 | 0.0048 | pay 0.0006% / 1h | 51m 20s | $141K | $719K | 10x |
| Short | Binance OPENAIUSDT | 1,615.5 | 0.0050 | get 0.0050% / 8h | 51m 20s | $22.8M | $17.8M | 20x |
Extended OPENAI-USD
Binance OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Extended. 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
- $0.42
- Price spread: +0.020% → +0.071%
- −$5.12
- Slippage, 4 orders
- −$100.53
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$120.23
- Costs to cover
- 1.155%
- Break-even
- 2010.8 days
Slippage from Extended: live order book, 52 min ago; Binance: live order book, 5 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 Extended live order book, 52 min ago | 3.71 bp | 40.2 bp −$40 | 274.6 bp −$2,746 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 0.80 bp | 17.2 bp −$17 | 24.9 bp −$249 | 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 | −0.0005% | 1h | 1,614.9 | −0.014% | $1.2M | $622K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,709.8 | +5.864% | $1.4M | $267K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,657.7 | +2.638% | $738K | $263K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,646 | +1.912% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,613.6 | −0.097% | $45.1M | $13.6M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,617.2 | +0.127% | $5.4M | $4.6M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,617.6 | +0.153% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,615.6 | +0.028% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,616.4 | +0.081% | $79K | $227K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,615.3 | +0.011% | $1.6M | $513K | 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
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 | 1,674.4 | +3.668% | $2.6M | $6.0M | 5x | as long as short |
| Extended OPENAI-USDlong | +0.0048% | 1h | 1,615.1 | long leg | $141K | $719K | 10x | |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,617.9 | +0.172% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDTshort | +0.0050% | 8h | 1,615.5 | +0.020% | $22.8M | $17.8M | 20x | |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,616.1 | +0.060% | $6.6M | $5.0M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,619.9 | +0.297% | $375K | $70K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,617.3 | +0.133% | $2.6M | $753K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,617.9 | +0.175% | $2K | $181K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0057% | 8h | 1,616.2 | +0.065% | $473K | $302K | 20x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0072% | 1h | 1,620.1 | +0.308% | $226K | $165K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,615.2 | +0.002% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0164% | 1h | 1,668.6 | +3.311% | $7.6M | $2.3M | 6x | as long as short |
Lighter RH OPENAI
Aster OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Coinbase International OPENAI-PERP-INTX
Aevo OPENAI-PERP
Entropy io:OAI