OPENAI

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.218%

Price spread now: Extended against Coinbase International−0.265%7-day average −0.486% · you buy dearer than you sell

Net, funding: paid 7d − costs−$179as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$1081.076% of the position

Long on Coinbase International Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.717%−$72 on $10k

Price spread, last 4 days (all we have)−0.912%−$91 · spread now −0.265%, 7d avg −0.486%

Together, before fees−1.629%+ Points / potential airdropExtended: Active · farm board−$163 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.221% dearer against Coinbase International than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.486%. Mind the row above: over the last 7 days funding on this pair cost −0.717%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International OPENAI-PERP-INTX	1,617.9	0.0016	pay 0.0002% / 1h	45m 58s	$225K	$161K	5x
Short	Extended OPENAI-USD	1,613.6	0.0048	get 0.0006% / 1h	45m 58s	$142K	$895K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Coinbase International. 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee ExtendedbpOrdersPrice spread, now −0.265%Rate

Funding earned: $6.72
Price spread: −0.265% → −0.486%: $22.13
Slippage, 4 orders: −$92.58
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$78.73
Costs to cover: 1.076%
Break-even: 89.0 days

Slippage from Coinbase International: live order book, 2 min ago; Extended: 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 Coinbase International live order book, 2 min ago	8.88 bp	18.4 bp −$18	55.5 bp −$555	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	4.03 bp	33.4 bp −$33	267.5 bp −$2,675	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	−0.0005%	1h	1,614	−0.239%	$1.2M	$599K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,706.2	+5.462%	$1.4M	$260K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,658.5	+2.512%	$753K	$205K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,645.6	+1.715%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,610.7	−0.446%	$52.1M	$19.6M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,616.5	−0.082%	$5.4M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,616.4	−0.090%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,614.9	−0.186%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,614.9	−0.181%	$79K	$221K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,613.9	−0.246%	$1.6M	$529K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International OPENAI-PERP-INTXlong	+0.0016%	1h	1,617.9	long leg	$225K	$161K	5x
BloFin OPENAI-USDT	+0.0028%	8h	1,613.9	−0.244%	$473K	$286K	20x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,673.4	+3.433%	$2.6M	$6.1M	5x	as long as short
Extended OPENAI-USDshort	+0.0048%	1h	1,613.6	−0.265%	$142K	$895K	10x
Aster OPENAIUSDT	+0.0050%	8h	1,618.9	+0.062%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,614	−0.239%	$22.7M	$17.4M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,614.2	−0.226%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,619.4	+0.098%	$373K	$69K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,613.8	−0.249%	$2.6M	$758K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,614.5	−0.205%	$2K	$163K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,613.7	−0.255%	—	—	10x	as long as short
Entropy io:OAI	+0.0134%	1h	1,665.9	+2.969%	$7.6M	$2.3M	6x	as long as short