Settings8H · net · $10k
Funding arb · Price arb /

OPENAI

RWAall OPENAI markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Bitget−0.005%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$197as in the Funding arb table
Net, price: spread back to 7d avg − costs−$199as in the Price arb table
costs, in and out, $10k−$1971.967% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 3 days (all we have)+0.097%+$10 · spread now −0.005%, 7d avg +0.014%
Together, before fees+0.097%+$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget OPENAIUSDT1,629.20get 0.0000% / 8h7h 00m$5.5M$5.1M20x
ShortPhemex OPENAIUSDT1,629.20get 0.0000% / 8h7h 00m$1.6M$563K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.005% → +0.014%
−$1.87
Slippage, 4 orders
−$172.69
Fee Bitget: 6 bp × 2 orders
−$12
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$198.56
Costs to cover
1.967%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; Phemex: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago1.90 bp24.4 bp −$2432.0 bp −$320130.7 bp −$13.1Kdoesn't fit
Sell Phemex live order book, 2 min ago2.70 bp62.9 bp −$63doesn't fitdoesn't fitdoesn't fit

OPENAI on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International OPENAI-PERP-INTX−0.0024%1h1,630.6+0.086%$226K$150K5xas long as short
QFEX OPENAI-USD0.0000%1h1,629−0.016%$1.2M$422K10xas long as short
Lighter OPENAI0.0000%1h1,714.6+5.238%$1.4M$288K5xas long as short
Bybit OPENAIUSDT0.0000%8h1,669.1+2.448%$767K$205K25xas long as short
OKX OPENAI-USDT-SWAP0.0000%8h1,657.7+1.747%$5.1M$1.3M20xas long as short
Gate OPENAI_USDT0.0000%8h1,626−0.198%$52.6M$39.2M50xas long as short
Bitget OPENAIUSDTlong0.0000%8h1,629.2long leg$5.5M$5.1M20x
SunX OPENAI-USDT0.0000%8h1,629.1−0.009%$2.5M10xas long as short
HTX OPENAI-USDT0.0000%8h1,629.6+0.019%$79K$214K20xas long as short
Phemex OPENAIUSDTshort0.0000%8h1,629.2−0.005%$1.6M$563K10x
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH OPENAI+0.0032%1h1,681.6+3.216%$2.7M$6.3M5xas long as short
Extended OPENAI-USD+0.0048%1h1,628.9−0.023%$132K$716K10xas long as short
Aster OPENAIUSDT+0.0050%8h1,636.2+0.428%$213K$3K20xas long as short
Binance OPENAIUSDT+0.0050%8h1,629.3+0.003%$23.1M$18.9M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,629.2−0.004%$13.1M$3.2M50xas long as short
KuCoin OPENAIUSDTM+0.0050%8h1,631.6+0.145%$377K$67K20xas long as short
Variational Omni OPENAI+0.0050%8h1,628.8−0.024%$2.6M$757Kas long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,628.9−0.022%$2K$138K10xas long as short
BloFin OPENAI-USDT+0.0079%8h1,629.1−0.008%$475K$279K20xas long as short
Aevo OPENAI-PERP+0.0104%1h1,629−0.014%10xas long as short
Entropy io:OAI+0.0110%1h1,673.4+2.710%$7.4M$2.2M6xas long as short
Deribit OPENAI_USDC-PERPETUAL+0.0221%1h1,631.2+0.118%$35xas long as short