Funding you earn now, next payment 16:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.60 per $10,000 · paid last 24h +0.013%
Price spread now: BloFin against Phemex−0.025%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$173as in the Price arb table
costs, in and out, $10k−$1691.687% of the position
Funding, last 7 days+0.106%+$11 on $10k
+Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.025%, 7d avg +0.017%
=Funding pays, the price is against you. BloFin is 0.042% cheaper against Phemex than usual: you would sell low and buy high (spread −0.025% now, against its 7-day average of +0.017%). If the spread goes back, that is −$4 on $10k: about 2.3 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex OPENAIUSDT | 1,625 | 0 | get 0.0000% / 8h | 7h 20m | $1.6M | $498K | 10x |
| Short | BloFin OPENAI-USDT | 1,624.6 | 0.0060 | get 0.0060% / 8h | 7h 20m | $480K | $301K | 20x |
Phemex OPENAIUSDT
BloFin OPENAI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $12.61
- Price spread: −0.025% → +0.017%
- −$4.17
- Slippage, 4 orders
- −$144.67
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$160.23
- Costs to cover
- 1.687%
- Break-even
- 96.0 days
Slippage from Phemex: live order book, 2 min ago; BloFin: live order book, 55 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, 2 min ago | 3.54 bp | 66.1 bp −$66 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 55 min ago | 0.40 bp | 17.5 bp −$18 | 20.3 bp −$203 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX OPENAI-USD | −0.0004% | 1h | 1,624.1 | −0.061% | $1.2M | $636K | 10x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,660.2 | +2.164% | $730K | $284K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,651.4 | +1.622% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,622.1 | −0.183% | $46.3M | $10.7M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,624.8 | −0.015% | $5.4M | $3.8M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,624.7 | −0.021% | — | $2.2M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,624.6 | −0.027% | $79K | $225K | 20x | as long as short |
| Phemex OPENAIUSDTlong | 0.0000% | 8h | 1,625 | long leg | $1.6M | $498K | 10x | |
| Lighter OPENAI | +0.0008% | 1h | 1,710.3 | +5.244% | $1.4M | $276K | 5x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,678.4 | +3.284% | $2.7M | $6.2M | 5x | as long as short |
QFEX OPENAI-USD
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Lighter OPENAI
Lighter RH OPENAIShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended OPENAI-USD | +0.0048% | 1h | 1,624 | −0.061% | $142K | $808K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,627.5 | +0.149% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,624.4 | −0.037% | $22.9M | $16.3M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,623.5 | −0.095% | $6.6M | $2.4M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,624.9 | −0.006% | $375K | $121K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,624.9 | −0.008% | $2.6M | $765K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,621.5 | −0.215% | $3K | $173K | 10x | as long as short |
| BloFin OPENAI-USDTshort | +0.0060% | 8h | 1,624.6 | −0.025% | $480K | $301K | 20x | |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,624.1 | −0.056% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0161% | 1h | 1,667.5 | +2.613% | $7.6M | $2.4M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0344% | 1h | 1,629 | +0.244% | $233K | $173K | 5x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | +0.0523% | 1h | 1,624.6 | −0.026% | $3K | $3K | 5x | as long as short |
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI
Coinbase International OPENAI-PERP-INTX
Deribit OPENAI_USDC-PERPETUAL