OPENAI

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.014%

Price spread now: Phemex against Extended+0.038%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$208as in the Funding arb table

Net, price: spread back to 7d avg − costs−$197as in the Price arb table

costs, in and out, $10k−$1981.981% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 4 days (all we have)+0.070%+$7 · spread now +0.038%, 7d avg +0.024%

Together, before fees−0.031%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended OPENAI-USD	1,634.4	0.0048	pay 0.0006% / 1h	44m 52s	$142K	$812K	10x
Short	Phemex OPENAIUSDT	1,635	0	get 0.0000% / 8h	5h 44m	$1.6M	$503K	10x

Funding history

latest

Range statsloading…

Phemex against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee ExtendedbpFee PhemexbpOrdersPrice spread, now +0.038%Rate

Slippage from Extended: live order book, 1 min ago; Phemex: live order book, 1 min ago.

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, 1 min ago	4.59 bp	37.6 bp −$38	274.0 bp −$2,740	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	3.30 bp	48.4 bp −$48	doesn't fit	doesn't fit	doesn't fit

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	1,635	+0.038%	$1.2M	$657K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,713.9	+4.864%	$1.4M	$274K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,671.6	+2.275%	$717K	$288K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,661.9	+1.685%	$5.1M	$1.2M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,632.2	−0.130%	$49.2M	$15.3M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,635.7	+0.079%	$5.4M	$3.6M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,635	+0.039%	—	$1.7M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,634.6	+0.017%	$3K	$3K	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,634.9	+0.032%	$80K	$159K	20x	as long as short
Phemex OPENAIUSDTshort	0.0000%	8h	1,635	+0.038%	$1.6M	$503K	10x

Show all 22 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH OPENAI	+0.0032%	1h	1,682.8	+2.966%	$2.8M	$6.3M	5x	as long as short
Extended OPENAI-USDlong	+0.0048%	1h	1,634.4	long leg	$142K	$812K	10x
Aster OPENAIUSDT	+0.0050%	8h	1,637.5	+0.192%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,634.9	+0.033%	$23.1M	$17.3M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,634	−0.024%	$6.7M	$2.5M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,639.3	+0.300%	$381K	$231K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,635	+0.037%	$2.6M	$770K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,633.4	−0.057%	$2K	$169K	10x	as long as short
BloFin OPENAI-USDT	+0.0062%	8h	1,634.7	+0.023%	$484K	$322K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,634.6	+0.012%	—	—	10x	as long as short
Entropy io:OAI	+0.0172%	1h	1,672.6	+2.340%	$7.6M	$2.4M	6x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.0712%	1h	1,641.5	+0.435%	$231K	$176K	5x	as long as short