Funding you earn now, next payment 08:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.16 per $10,000 · paid last 24h −0.003%
Price spread now: BloFin against Binance+0.007%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$600.604% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.061%+$6 · spread now +0.007%, 7d avg −0.030%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.037% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.030%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPENAIUSDT | 1,618 | 0.0050 | pay 0.0050% / 8h | 1h 26m | $22.8M | $16.9M | 20x |
| Short | BloFin OPENAI-USDT | 1,618.1 | 0.0066 | get 0.0066% / 8h | 1h 26m | $473K | $289K | 20x |
Binance OPENAIUSDT
BloFin OPENAI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $3.45
- Price spread: +0.007% → −0.030%
- $3.73
- Slippage, 4 orders
- −$38.45
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$53.27
- Costs to cover
- 0.604%
- Break-even
- 115.2 days
Slippage from Binance: live order book, 14 min ago; BloFin: live order book, 59 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 Binance live order book, 14 min ago | 1.11 bp | 18.6 bp −$19 | 49.8 bp −$498 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 59 min ago | 0.99 bp | 11.6 bp −$12 | 14.6 bp −$146 | 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 | −0.0002% | 1h | 1,617.6 | −0.023% | $1.2M | $609K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,712.9 | +5.866% | $1.4M | $264K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,659 | +2.537% | $753K | $204K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,648.8 | +1.905% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,614.6 | −0.207% | $52.3M | $18.1M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,619.3 | +0.083% | $5.4M | $4.6M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,619.9 | +0.119% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,618.8 | +0.051% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,618.3 | +0.020% | $79K | $228K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,617.8 | −0.010% | $1.6M | $509K | 10x | as long as short |
QFEX OPENAI-USD
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 | 1,680.1 | +3.838% | $2.7M | $6.1M | 5x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0040% | 1h | 1,625 | +0.437% | $226K | $162K | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,617.6 | −0.024% | $144K | $581K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,621.8 | +0.237% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDTlong | +0.0050% | 8h | 1,618 | long leg | $22.8M | $16.9M | 20x | |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,618 | −0.002% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,620.5 | +0.153% | $372K | $68K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,618.8 | +0.051% | $2.6M | $757K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,617.9 | −0.005% | $2K | $176K | 10x | as long as short |
| BloFin OPENAI-USDTshort | +0.0066% | 8h | 1,618.1 | +0.007% | $473K | $289K | 20x | |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,618 | +0.004% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0146% | 1h | 1,670.2 | +3.228% | $7.7M | $2.3M | 6x | as long as short |
Lighter RH OPENAI
Coinbase International OPENAI-PERP-INTX
Extended OPENAI-USD
Aster OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI