Funding you earn now, next payment 05:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h +0.421%
Price spread now: Coinbase International against HTX+0.184%7-day average +0.465% · you sell dearer than you buy
Net, funding: paid 7d − costs+$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$760.762% of the position
Funding, last 7 days+1.006%+$101 on $10k
+Price spread, last 4 days (all we have)+0.996%+$100 · spread now +0.184%, 7d avg +0.465%
=Funding pays, the price is against you. Coinbase International is 0.281% cheaper against HTX than usual: you would sell low and buy high (spread +0.184% now, against its 7-day average of +0.465%). If the spread goes back, that is −$28 on $10k: about 59 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+1.006% in total) that is about 47 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX OPENAI-USDT | 1,619.8 | 0 | get 0.0000% / 8h | 2h 04m | $79K | $226K | 20x |
| Short | Coinbase International OPENAI-PERP-INTX | 1,622.8 | 0.0016 | get 0.0002% / 1h | 4m 26s | $226K | $162K | 5x |
HTX OPENAI-USDT
Coinbase International OPENAI-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against HTX. 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
- $3.36
- Price spread: +0.184% → +0.465%
- −$28.08
- Slippage, 4 orders
- −$54.24
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$100.96
- Costs to cover
- 0.762%
- Break-even
- 217.3 days
Slippage from HTX: live order book, 42 min ago; Coinbase International: live order book, 43 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 HTX live order book, 42 min ago | 3.50 bp | 17.9 bp −$18 | 33.0 bp −$330 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 43 min ago | 8.88 bp | 21.0 bp −$21 | 56.4 bp −$564 | 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 | 1,618.9 | −0.057% | $1.2M | $611K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,711.7 | +5.670% | $1.4M | $265K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,659.5 | +2.448% | $753K | $205K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,648.2 | +1.752% | $5.1M | $1.4M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,615.5 | −0.265% | $52.3M | $19.7M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,619.5 | −0.017% | $5.4M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,619.4 | −0.026% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,619.2 | −0.039% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDTlong | 0.0000% | 8h | 1,619.8 | long leg | $79K | $226K | 20x | |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,618.9 | −0.059% | $1.6M | $520K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
Phemex OPENAIUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OPENAI-PERP-INTXshort | +0.0016% | 1h | 1,622.8 | +0.184% | $226K | $162K | 5x | |
| BloFin OPENAI-USDT | +0.0023% | 8h | 1,619.6 | −0.012% | $469K | $290K | 20x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,678.3 | +3.608% | $2.7M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,618.6 | −0.072% | $141K | $896K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,622.9 | +0.187% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,619.1 | −0.044% | $22.8M | $17.4M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,619 | −0.052% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,620.1 | +0.019% | $372K | $71K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,619.1 | −0.047% | $2.6M | $759K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,618.4 | −0.088% | $2K | $171K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,618.7 | −0.070% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0165% | 1h | 1,669.3 | +3.055% | $7.6M | $2.3M | 6x | as long as short |
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
Aevo OPENAI-PERP
Entropy io:OAI