Funding you earn now, next payment 11:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.014%
Price spread now: Bybit against Extended+2.027%7-day average +2.901% · you sell dearer than you buy
Net, funding: paid 7d − costs−$277as in the Funding arb table
Net, price: spread back to 7d avg − costs−$355as in the Price arb table
costs, in and out, $10k−$2672.671% of the position
Funding, last 7 days−0.101%−$10 on $10k
+Price spread, last 4 days (all we have)+0.667%+$67 · spread now +2.027%, 7d avg +2.901%
=Together, before fees+0.566%+ Points / potential airdropExtended: Active · farm board+$57 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 Bybit is 0.874% cheaper against Extended than usual: you would sell low and buy high (−$87 if the spread goes back to its 7-day average of +2.901%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended OPENAI-USD | 1,643.8 | 0.0048 | pay 0.0006% / 1h | 3m 21s | $143K | $810K | 10x |
| Short | Bybit OPENAIUSDT | 1,677.2 | 0 | get 0.0000% / 8h | 5h 03m | $719K | $288K | 25x |
Extended OPENAI-USD
Bybit OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$10.08
- Price spread: +2.027% → +2.901%
- −$87.43
- Slippage, 4 orders
- −$251.14
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$364.65
- Costs to cover
- 2.671%
- Break-even
- never at this rate
Slippage from Extended: live order book, 43 min ago; Bybit: live order book, 39 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, 43 min ago | 4.59 bp | 37.6 bp −$38 | 274.0 bp −$2,740 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 39 min ago | 15.23 bp | 92.3 bp −$92 | 514.0 bp −$5,140 | 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 | 1,644.3 | +0.029% | $1.2M | $682K | 10x | as long as short |
| Bybit OPENAIUSDTshort | 0.0000% | 8h | 1,677.2 | +2.027% | $719K | $288K | 25x | |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,665.7 | +1.330% | $5.1M | $1.2M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,641.8 | −0.126% | $50.1M | $17.0M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,644.4 | +0.035% | $5.6M | $3.6M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,644.1 | +0.016% | — | $1.6M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,644.7 | +0.051% | $80K | $174K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,644.1 | +0.018% | $1.6M | $507K | 10x | as long as short |
| Lighter OPENAI | +0.0008% | 1h | 1,726.5 | +5.028% | $1.4M | $277K | 5x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,693.3 | +3.009% | $2.8M | $6.4M | 5x | as long as short |
QFEX OPENAI-USD
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Phemex OPENAIUSDT
Lighter OPENAI
Lighter RH OPENAIShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended OPENAI-USDlong | +0.0048% | 1h | 1,643.8 | long leg | $143K | $810K | 10x | |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,647 | +0.193% | $215K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,644.4 | +0.033% | $23.2M | $17.7M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,642.7 | −0.069% | $6.7M | $2.5M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,650.7 | +0.420% | $383K | $276K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,643.5 | −0.019% | $2.6M | $773K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,642.3 | −0.091% | $2K | $171K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0064% | 8h | 1,643.9 | +0.001% | $488K | $326K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,643.7 | −0.006% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0211% | 1h | 1,682.1 | +2.327% | $7.8M | $2.5M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0712% | 1h | 1,649.1 | +0.320% | $232K | $176K | 5x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | +0.1256% | 1h | 1,644 | +0.010% | $3K | $3K | 5x | as long as short |
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
Coinbase International OPENAI-PERP-INTX
Deribit OPENAI_USDC-PERPETUAL