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 Gate+0.181%7-day average +0.175% · you sell dearer than you buy
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1451.447% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.181%, 7d avg +0.175%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate OPENAI_USDT | 1,611.2 | 0 | get 0.0000% / 8h | 2h 46m | $52.2M | $19.6M | 50x |
| Short | Phemex OPENAIUSDT | 1,614.1 | 0 | get 0.0000% / 8h | 2h 46m | $1.6M | $529K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: +0.181% → +0.175%
- $0.58
- Slippage, 4 orders
- −$117.74
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$144.16
- Costs to cover
- 1.447%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Phemex: live order book, 1 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, 2 min ago | 2.17 bp | 13.5 bp −$14 | 222.9 bp −$2,229 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 2.91 bp | 54.8 bp −$55 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX OPENAI-USD | −0.0005% | 1h | 1,614.3 | +0.195% | $1.2M | $597K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,706 | +5.889% | $1.4M | $260K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,658.5 | +2.939% | $753K | $205K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,645.9 | +2.157% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDTlong | 0.0000% | 8h | 1,611.2 | long leg | $52.2M | $19.6M | 50x | |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,616.5 | +0.334% | $5.4M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,616.4 | +0.326% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,614.9 | +0.233% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,614.9 | +0.235% | $79K | $221K | 20x | as long as short |
| Phemex OPENAIUSDTshort | 0.0000% | 8h | 1,614.1 | +0.181% | $1.6M | $529K | 10x |
Show all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OPENAI-PERP-INTX | +0.0016% | 1h | 1,617.9 | +0.416% | $225K | $161K | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0028% | 8h | 1,613.9 | +0.172% | $473K | $286K | 20x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,673.3 | +3.859% | $2.6M | $6.1M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,614 | +0.175% | $142K | $895K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,619.1 | +0.492% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,614.4 | +0.202% | $22.8M | $17.4M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,614.2 | +0.192% | $13.0M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,619.4 | +0.515% | $373K | $69K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,615.2 | +0.249% | $2.6M | $764K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,614.5 | +0.211% | $2K | $163K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,614 | +0.179% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0135% | 1h | 1,666 | +3.404% | $7.6M | $2.3M | 6x | as long as short |
Gate OPENAI_USDT
Phemex OPENAIUSDT
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDT
Coinbase International OPENAI-PERP-INTX
BloFin OPENAI-USDT
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp