Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.188%
Price spread now: Phemex against HTX−0.253%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$174as in the Price arb table
costs, in and out, $10k−$1481.478% of the position
Funding, last 7 days+0.188%+$19 on $10k
+Price spread, last 4 days (all we have)+0.375%+$37 · spread now −0.253%, 7d avg +0.006%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.259% cheaper against HTX than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of +0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX OPENAI-USDT | 1,620 | 0 | get 0.0000% / 8h | 3h 14m | $79K | $221K | 20x |
| Short | Phemex OPENAIUSDT | 1,615.9 | 0 | get 0.0000% / 8h | 3h 14m | $1.6M | $535K | 10x |
HTX OPENAI-USDT
Phemex OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against HTX. 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
- Price spread: −0.253% → +0.006%
- −$25.91
- Slippage, 4 orders
- −$123.82
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$173.73
- Costs to cover
- 1.478%
- Break-even
- never at this rate
Slippage from HTX: live order book, 37 min ago; Phemex: live order book, 4 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 HTX live order book, 37 min ago | 0.03 bp | 9.6 bp −$10 | 33.6 bp −$336 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 3.03 bp | 41.7 bp −$42 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit OPENAI_USDC-PERPETUAL | −0.0063% | 1h | 1,616.2 | −0.237% | — | $3 | 5x | as long as short |
| QFEX OPENAI-USD | −0.0001% | 1h | 1,615.7 | −0.264% | $1.2M | $580K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,708.6 | +5.466% | $1.4M | $265K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,660.3 | +2.486% | $754K | $205K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,648.6 | +1.764% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,612.8 | −0.444% | $52.2M | $25.4M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,617.7 | −0.144% | $5.4M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,619.3 | −0.044% | — | $2.4M | 10x | as long as short |
| HTX OPENAI-USDTlong | 0.0000% | 8h | 1,620 | long leg | $79K | $221K | 20x | |
| Phemex OPENAIUSDTshort | 0.0000% | 8h | 1,615.9 | −0.253% | $1.6M | $535K | 10x |
Deribit OPENAI_USDC-PERPETUAL
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,676.3 | +3.473% | $2.6M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,616.2 | −0.234% | $142K | $737K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,618.9 | −0.068% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,616.3 | −0.227% | $22.8M | $17.6M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,615.7 | −0.270% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,621 | +0.060% | $374K | $69K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,617.2 | −0.171% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,619.8 | −0.014% | $2K | $161K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0053% | 8h | 1,617.2 | −0.172% | $472K | $286K | 20x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0056% | 1h | 1,623.9 | +0.239% | $226K | $161K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,615.5 | −0.278% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0105% | 1h | 1,669.6 | +3.060% | $7.6M | $2.3M | 6x | as long as short |
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
Coinbase International OPENAI-PERP-INTX
Aevo OPENAI-PERP
Entropy io:OAI