Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.015%
Price spread now: Binance against Gate+0.077%7-day average +0.176% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$710.712% of the position
Funding, last 7 days+0.105%+$11 on $10k
+Price spread, last 7 days+0.161%+$16 · spread now +0.077%, 7d avg +0.176%
=Funding pays, the price is against you. Binance is 0.099% cheaper against Gate than usual: you would sell low and buy high (spread +0.077% now, against its 7-day average of +0.176%). If the spread goes back, that is −$10 on $10k: about 6.6 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate OPENAI_USDT | 1,614.4 | 0 | get 0.0000% / 8h | 11m 10s | $45.5M | $14.0M | 50x |
| Short | Binance OPENAIUSDT | 1,615.6 | 0.0050 | get 0.0050% / 8h | 11m 10s | $22.8M | $16.7M | 20x |
Gate OPENAI_USDT
Binance OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $10.5
- Price spread: +0.077% → +0.176%
- −$9.94
- Slippage, 4 orders
- −$46.19
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$70.63
- Costs to cover
- 0.712%
- Break-even
- 54.1 days
Slippage from Gate: live order book, 3 min ago; Binance: live order book, 15 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 Gate live order book, 3 min ago | 0.06 bp | 12.1 bp −$12 | 182.4 bp −$1,824 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 1.27 bp | 13.8 bp −$14 | 17.3 bp −$173 | 101.2 bp −$10.1K | 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 | 1,615.5 | +0.071% | $1.2M | $627K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,705.3 | +5.635% | $1.4M | $269K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,655 | +2.517% | $735K | $268K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,641.6 | +1.687% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDTlong | 0.0000% | 8h | 1,614.4 | long leg | $45.5M | $14.0M | 50x | |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,617 | +0.161% | $5.3M | $4.5M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,616.7 | +0.144% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,616.3 | +0.120% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,616.3 | +0.118% | $79K | $225K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,616.8 | +0.148% | $1.6M | $502K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDT
Phemex OPENAIUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,672.2 | +3.582% | $2.7M | $6.2M | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0035% | 8h | 1,615.9 | +0.095% | $475K | $294K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,615.1 | +0.046% | $142K | $806K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,618.2 | +0.238% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDTshort | +0.0050% | 8h | 1,615.6 | +0.077% | $22.8M | $16.7M | 20x | |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,615.7 | +0.084% | $6.6M | $5.0M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,616.5 | +0.130% | $372K | $72K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,616.2 | +0.111% | $2.6M | $760K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,616.4 | +0.125% | $2K | $176K | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0072% | 1h | 1,623.7 | +0.580% | $235K | $174K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,615.3 | +0.056% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0122% | 1h | 1,665.2 | +3.149% | $7.6M | $2.3M | 6x | as long as short |
Lighter RH OPENAI
BloFin OPENAI-USDT
Extended OPENAI-USD
Aster OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Coinbase International OPENAI-PERP-INTX
Aevo OPENAI-PERP
Entropy io:OAI