Funding you earn now, next payment 16:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.20 per $10,000 · paid last 24h +0.002%
Price spread now: Binance against BloFin−0.132%111s7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$700.705% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.712%−$71 · spread now −0.132%, 7d avg +0.029%
=Funding pays, the price is against you. Binance is 0.162% cheaper against BloFin than usual: you would sell low and buy high (spread −0.132% now, against its 7-day average of +0.029%). If the spread goes back, that is −$16 on $10k: about 27 days of funding at the current rate (+$1 a day). The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin OPENAI-USDT | 1,622 | 0.0030 | pay 0.0030% / 8h | 7h 37m | $474K | $296K | 20x |
| Short | Binance OPENAIUSDT | 1,619.8 | 0.0050 | get 0.0050% / 8h | 7h 37m | $22.9M | $16.3M | 20x |
BloFin OPENAI-USDT
Binance OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- $4.16
- Price spread: −0.132% → +0.029%
- −$16.18
- Slippage, 4 orders
- −$48.5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$82.51
- Costs to cover
- 0.705%
- Break-even
- 145.7 days
Slippage from BloFin: live order book, 38 min ago; Binance: live order book, 4 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 BloFin live order book, 38 min ago | 0.40 bp | 16.6 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 0.77 bp | 17.5 bp −$17 | 49.1 bp −$491 | 139.8 bp −$14.0K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit OPENAI_USDC-PERPETUAL | −0.0288% | 1h | 1,620.4 | −0.099% | $3K | $3K | 5x | as long as short |
| QFEX OPENAI-USD | −0.0004% | 1h | 1,619 | −0.186% | $1.2M | $633K | 10x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,658 | +2.218% | $719K | $278K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,648.9 | +1.660% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,617.9 | −0.248% | $45.9M | $9.9M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,620.8 | −0.073% | $5.4M | $3.9M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,622.9 | +0.057% | — | $2.3M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,620.2 | −0.108% | $79K | $225K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,618.8 | −0.194% | $1.6M | $498K | 10x | as long as short |
| Lighter OPENAI | +0.0008% | 1h | 1,711.4 | +5.511% | $1.4M | $274K | 5x | as long as short |
Deribit OPENAI_USDC-PERPETUAL
QFEX OPENAI-USD
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Phemex OPENAIUSDT
Lighter OPENAIShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin OPENAI-USDTlong | +0.0030% | 8h | 1,622 | long leg | $474K | $296K | 20x | |
| Lighter RH OPENAI | +0.0032% | 1h | 1,678.2 | +3.468% | $2.7M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,619.9 | −0.130% | $141K | $804K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,622.2 | +0.012% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDTshort | +0.0050% | 8h | 1,619.8 | −0.132% | $22.9M | $16.3M | 20x | |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,621.9 | −0.005% | $6.6M | $2.4M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,621.2 | −0.045% | $374K | $102K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,624.1 | +0.130% | $2.6M | $760K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,624 | +0.123% | $2K | $173K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,620.3 | −0.102% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0244% | 1h | 1,670.7 | +3.004% | $7.6M | $2.3M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0344% | 1h | 1,629 | +0.433% | $236K | $172K | 5x | as long as short |
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI
Coinbase International OPENAI-PERP-INTX