OPENAI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.015%

Price spread now: Binance against OKX−2.005%7-day average −2.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1041.036% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$11 on $10k

Price spread, last 2 days (all we have)−0.061%−$6 · spread now −2.005%, 7d avg −2.045%

Together, before fees+0.044%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.040% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −2.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX OPENAI-USDT-SWAP	1,660.3	0	get 0.0000% / 8h	7h 47m	$5.1M	$1.4M	20x
Short	Binance OPENAIUSDT	1,627	0.0050	get 0.0050% / 8h	7h 47m	$23.1M	$18.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee BinancebpOrdersPrice spread, now −2.005%Rate

Funding earned: $10.5
Price spread: −2.005% → −2.045%: $4
Slippage, 4 orders: −$83.62
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$89.12
Costs to cover: 1.036%
Break-even: 66.4 days

Slippage from OKX: live order book, 1 min ago; Binance: live order book, 9 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 OKX live order book, 1 min ago	0.30 bp	37.0 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.58 bp	15.4 bp −$15	56.8 bp −$568	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
Coinbase International OPENAI-PERP-INTX	−0.0024%	1h	1,627.2	−1.992%	$230K	$151K	5x	as long as short
QFEX OPENAI-USD	0.0000%	1h	1,627.1	−2.001%	$1.2M	$386K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,709.3	+2.952%	$1.4M	$282K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,671.8	+0.691%	$770K	$209K	25x	as long as short
OKX OPENAI-USDT-SWAPlong	0.0000%	8h	1,660.3	long leg	$5.1M	$1.4M	20x
Gate OPENAI_USDT	0.0000%	8h	1,624	−2.187%	$52.6M	$39.2M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,627.7	−1.964%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,627.7	−1.964%	—	$2.6M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,628.1	−1.938%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,627.9	−1.953%	$79K	$214K	20x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex OPENAIUSDT	0.0000%	8h	1,626.7	−2.024%	$1.6M	$561K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,681.2	+1.256%	$2.7M	$6.2M	5x	as long as short
BloFin OPENAI-USDT	+0.0042%	8h	1,628.2	−1.936%	$475K	$277K	20x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,626.6	−2.028%	$132K	$743K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,633.9	−1.590%	$213K	$3K	20x	as long as short
Binance OPENAIUSDTshort	+0.0050%	8h	1,627	−2.005%	$23.1M	$18.9M	20x
MEXC OPENAI_USDT	+0.0050%	8h	1,626.6	−2.029%	$13.1M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,637.1	−1.398%	$379K	$65K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,626.8	−2.017%	$2.6M	$752K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,630.6	−1.786%	$2K	$139K	10x	as long as short
Entropy io:OAI	+0.0076%	1h	1,675.6	+0.922%	$7.4M	$2.2M	6x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,627	−2.006%	—	—	10x	as long as short