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: Aster against Phemex+0.370%7-day average +0.144% · you sell dearer than you buy
Net, funding: paid 7d − costs−$551as in the Funding arb table
Net, price: spread back to 7d avg − costs−$539as in the Price arb table
costs, in and out, $10k−$5625.619% of the position
Funding, last 7 days+0.105%+$11 on $10k
+Price spread, last 3 days (all we have)−0.258%−$26 · spread now +0.370%, 7d avg +0.144%
=Together, before fees−0.153%+ Points / potential airdropAster: Stage 5 · farm board−$15 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 Aster is 0.226% dearer against Phemex than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.144%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex OPENAIUSDT | 1,621.8 | 0 | get 0.0000% / 8h | 6h 38m | $1.6M | $562K | 10x |
| Short | Aster OPENAIUSDT | 1,627.8 | 0.0050 | get 0.0050% / 8h | 6h 38m | $212K | $3K | 20x |
Phemex OPENAIUSDT
Aster OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phemex. 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
- $10.5
- Price spread: +0.370% → +0.144%
- $22.58
- Slippage, 4 orders
- −$541.87
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$528.79
- Costs to cover
- 5.619%
- Break-even
- 359.5 days
Slippage from Phemex: live order book, 5 min ago; Aster: live order book, 28 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 Phemex live order book, 5 min ago | 4.46 bp | 51.5 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 28 min ago | 53.91 bp | 97.8 bp −$98 | 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 | −0.0121% | 1h | 1,622.3 | +0.033% | — | $3 | 5x | as long as short |
| QFEX OPENAI-USD | −0.0004% | 1h | 1,622.1 | +0.019% | $1.2M | $410K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,708.4 | +5.338% | $1.4M | $280K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,666.7 | +2.766% | $764K | $204K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,650.9 | +1.795% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,619.2 | −0.160% | $52.4M | $31.8M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,623.7 | +0.119% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,623.3 | +0.093% | — | $2.5M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,622.7 | +0.055% | $79K | $216K | 20x | as long as short |
| Phemex OPENAIUSDTlong | 0.0000% | 8h | 1,621.8 | long leg | $1.6M | $562K | 10x |
Deribit OPENAI_USDC-PERPETUAL
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OPENAI-PERP-INTX | +0.0024% | 1h | 1,624.5 | +0.164% | $222K | $155K | 5x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,675.8 | +3.332% | $2.7M | $6.1M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,621.7 | −0.003% | $136K | $717K | 10x | as long as short |
| Aster OPENAIUSDTshort | +0.0050% | 8h | 1,627.8 | +0.370% | $212K | $3K | 20x | |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,622.2 | +0.025% | $22.9M | $18.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,622.5 | +0.044% | $13.1M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,626.2 | +0.269% | $377K | $69K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,623.9 | +0.133% | $2.6M | $761K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,624.7 | +0.182% | $2K | $137K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0059% | 8h | 1,629.3 | +0.461% | $477K | $280K | 20x | as long as short |
| Entropy io:OAI | +0.0098% | 1h | 1,670.8 | +3.022% | $7.4M | $2.1M | 6x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,621.9 | +0.006% | — | — | 10x | as long as short |
Coinbase International OPENAI-PERP-INTX
Lighter RH OPENAI
Extended OPENAI-USD
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Entropy io:OAI
Aevo OPENAI-PERP