Funding you earn now, next payment 02:00 UTC−0.0154%/8h= −16.9% APRpaid last 24h +0.236%
Price spread now: Coinbase International against Binance−0.024%7-day average +0.413% · you buy dearer than you sell
Net, funding: paid 7d − costs+$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$600.603% of the position
Funding, last 7 days+0.681%+$68 on $10k
+Price spread, last 4 days (all we have)+1.680%+$168 · spread now −0.024%, 7d avg +0.413%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Coinbase International is 0.437% cheaper against Binance than usual: you would sell low and buy high (−$44 if the spread goes back to its 7-day average of +0.413%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.681%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPENAIUSDT | 1,622.9 | 0.0050 | pay 0.0050% / 8h | 5h 26m | $22.9M | $17.8M | 20x |
| Short | Coinbase International OPENAI-PERP-INTX | 1,622.5 | −0.0104 | pay 0.0013% / 1h | 26m 35s | $225K | $159K | 5x |
Binance OPENAIUSDT
Coinbase International OPENAI-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$32.34
- Price spread: −0.024% → +0.413%
- −$43.66
- Slippage, 4 orders
- −$40.31
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$136.31
- Costs to cover
- 0.603%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; Coinbase International: live order book, 36 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 | 0.96 bp | 15.9 bp −$16 | 56.3 bp −$563 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 36 min ago | 5.85 bp | 13.0 bp −$13 | 42.0 bp −$420 | 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-INTXshort | −0.0104% | 1h | 1,622.5 | −0.024% | $225K | $159K | 5x | |
| Lighter OPENAI | 0.0000% | 1h | 1,708.5 | +5.275% | $1.4M | $269K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,664.4 | +2.560% | $761K | $204K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,651 | +1.733% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,619.4 | −0.217% | $52.4M | $28.7M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,624.5 | +0.100% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,623.5 | +0.038% | — | $2.4M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,623.4 | +0.035% | $78K | $216K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,622.8 | −0.002% | $1.6M | $543K | 10x | as long as short |
| QFEX OPENAI-USD | 0.0000% | 1h | 1,622.7 | −0.009% | $1.2M | $474K | 10x | as long as short |
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Phemex OPENAIUSDT
QFEX OPENAI-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin OPENAI-USDT | +0.0029% | 8h | 1,622.9 | −0.001% | $476K | $276K | 20x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,675.3 | +3.231% | $2.7M | $6.2M | 5x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | +0.0047% | 1h | 1,624.8 | +0.120% | — | $3 | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,622.3 | −0.036% | $135K | $722K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,628.9 | +0.370% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDTlong | +0.0050% | 8h | 1,622.9 | long leg | $22.9M | $17.8M | 20x | |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,622.8 | −0.006% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,624.3 | +0.088% | $374K | $71K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,624 | +0.067% | $2.6M | $754K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,622.3 | −0.036% | $2K | $140K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,622.2 | −0.042% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0144% | 1h | 1,667.1 | +2.725% | $7.4M | $2.1M | 6x | as long as short |
BloFin OPENAI-USDT
Lighter RH OPENAI
Deribit OPENAI_USDC-PERPETUAL
Extended OPENAI-USD
Aster OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI