Funding you earn now, next payment 05:00 UTC+0.0051%/8h= +5.6% APRpaid last 24h +0.016%
Price spread now: Binance against QFEX+0.009%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$420.422% of the position
Funding, last 4 days (all we have)+0.059%+$6 on $10k
+Price spread, last 7 days+0.008%+$1 · spread now +0.009%, 7d avg +0.050%
=Funding pays, the price is against you. Binance is 0.041% cheaper against QFEX than usual: you would sell low and buy high (spread +0.009% now, against its 7-day average of +0.050%). If the spread goes back, that is −$4 on $10k: about 2.7 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 | QFEX OPENAI-USD | 1,620.7 | −0.0001 | get 0.0000% / 1h | 42m 57s | $1.2M | $562K | 10x |
| Short | Binance OPENAIUSDT | 1,620.8 | 0.0050 | get 0.0050% / 8h | 3h 42m | $22.9M | $17.7M | 20x |
QFEX OPENAI-USD
Binance OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against QFEX. 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
- $10.77
- Price spread: +0.009% → +0.050%
- −$4.1
- Slippage, 4 orders
- −$22.19
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$35.53
- Costs to cover
- 0.422%
- Break-even
- 30.1 days
Slippage from QFEX: live order book, 8 min ago; Binance: live order book, 13 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 QFEX live order book, 8 min ago | 1.36 bp | 7.2 bp −$7 | 16.8 bp −$168 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 1.23 bp | 7.1 bp −$7 | 46.5 bp −$465 | 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-USDlong | −0.0001% | 1h | 1,620.7 | long leg | $1.2M | $562K | 10x | |
| Lighter OPENAI | 0.0000% | 1h | 1,711.9 | +5.629% | $1.4M | $265K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,663.5 | +2.640% | $755K | $207K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,650.5 | +1.841% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,617.6 | −0.189% | $52.3M | $25.3M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,622.9 | +0.136% | $5.5M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,622.6 | +0.120% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,621.3 | +0.039% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,621.6 | +0.057% | $79K | $221K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,620.9 | +0.015% | $1.6M | $542K | 10x | as long as short |
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDT
Phemex OPENAIUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,679 | +3.601% | $2.7M | $6.2M | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0047% | 8h | 1,621 | +0.020% | $473K | $286K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,620.4 | −0.018% | $141K | $737K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,628.2 | +0.465% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDTshort | +0.0050% | 8h | 1,620.8 | +0.009% | $22.9M | $17.7M | 20x | |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,621.1 | +0.024% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,625.3 | +0.288% | $375K | $68K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,620.9 | +0.016% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,620.7 | +0.002% | $2K | $156K | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0056% | 1h | 1,622 | +0.084% | $226K | $162K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,620.5 | −0.009% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0135% | 1h | 1,673.2 | +3.242% | $7.7M | $2.3M | 6x | as long as short |
Lighter RH OPENAI
BloFin OPENAI-USDT
Extended OPENAI-USD
Aster OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Coinbase International OPENAI-PERP-INTX
Aevo OPENAI-PERP
Entropy io:OAI