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
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%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget OPENAIUSDT | 1,629.2 | 0 | get 0.0000% / 8h | 7h 00m | $5.5M | $5.1M | 20x |
| Short | Phemex OPENAIUSDT | 1,629.2 | 0 | get 0.0000% / 8h | 7h 00m | $1.6M | $563K | 10x |
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 itlatest
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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bitget live order book, 2 min ago | 1.90 bp | 24.4 bp −$24 | 32.0 bp −$320 | 130.7 bp −$13.1K | doesn't fit |
| Sell Phemex live order book, 2 min ago | 2.70 bp | 62.9 bp −$63 | doesn't fit | 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-INTX | −0.0024% | 1h | 1,630.6 | +0.086% | $226K | $150K | 5x | as long as short |
| QFEX OPENAI-USD | 0.0000% | 1h | 1,629 | −0.016% | $1.2M | $422K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,714.6 | +5.238% | $1.4M | $288K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,669.1 | +2.448% | $767K | $205K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,657.7 | +1.747% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,626 | −0.198% | $52.6M | $39.2M | 50x | as long as short |
| Bitget OPENAIUSDTlong | 0.0000% | 8h | 1,629.2 | long leg | $5.5M | $5.1M | 20x | |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,629.1 | −0.009% | — | $2.5M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,629.6 | +0.019% | $79K | $214K | 20x | as long as short |
| Phemex OPENAIUSDTshort | 0.0000% | 8h | 1,629.2 | −0.005% | $1.6M | $563K | 10x |
Show all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,681.6 | +3.216% | $2.7M | $6.3M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,628.9 | −0.023% | $132K | $716K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,636.2 | +0.428% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,629.3 | +0.003% | $23.1M | $18.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,629.2 | −0.004% | $13.1M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,631.6 | +0.145% | $377K | $67K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,628.8 | −0.024% | $2.6M | $757K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,628.9 | −0.022% | $2K | $138K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0079% | 8h | 1,629.1 | −0.008% | $475K | $279K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,629 | −0.014% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0110% | 1h | 1,673.4 | +2.710% | $7.4M | $2.2M | 6x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | +0.0221% | 1h | 1,631.2 | +0.118% | — | $3 | 5x | as long as short |
Bitget OPENAIUSDT
Phemex OPENAIUSDT
Coinbase International OPENAI-PERP-INTX
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL