Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.188%
Price spread now: Phemex against HTX−0.489%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$214as in the Price arb table
costs, in and out, $10k−$1651.651% of the position
Funding, last 7 days+0.188%+$19 on $10k
+Price spread, last 4 days (all we have)+0.597%+$60 · spread now −0.489%, 7d avg +0.001%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.490% cheaper against HTX than usual: you would sell low and buy high, −$49 on $10k if it goes back to its 7-day average of +0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX OPENAI-USDT | 1,654 | 0 | get 0.0000% / 8h | 4h 44m | $80K | $172K | 20x |
| Short | Phemex OPENAIUSDT | 1,645.9 | 0 | get 0.0000% / 8h | 4h 44m | $1.6M | $508K | 10x |
HTX OPENAI-USDT
Phemex OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: −0.489% → +0.001%
- −$49.04
- Slippage, 4 orders
- −$141.07
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$214.11
- Costs to cover
- 1.651%
- Break-even
- never at this rate
Slippage from HTX: live order book, 60 min ago; Phemex: 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 HTX live order book, 60 min ago | 3.55 bp | 14.1 bp −$14 | 36.3 bp −$363 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 6.83 bp | 87.4 bp −$87 | doesn't fit | doesn't fit | doesn't fit |
OPENAI on 22 exchanges
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 | −0.1057% | 1h | 1,644.8 | −0.556% | $3K | $3K | 5x | as long as short |
| QFEX OPENAI-USD | −0.0001% | 1h | 1,646 | −0.487% | $1.2M | $702K | 10x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,677.4 | +1.413% | $722K | $319K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,672.4 | +1.111% | $5.2M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,642.8 | −0.678% | $51.5M | $19.3M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,647.8 | −0.375% | $5.6M | $3.7M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,646.5 | −0.455% | — | $1.6M | 10x | as long as short |
| HTX OPENAI-USDTlong | 0.0000% | 8h | 1,654 | long leg | $80K | $172K | 20x | |
| Phemex OPENAIUSDTshort | 0.0000% | 8h | 1,645.9 | −0.489% | $1.6M | $508K | 10x | |
| BloFin OPENAI-USDT | +0.0030% | 8h | 1,645.2 | −0.532% | $488K | $344K | 20x | 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
BloFin OPENAI-USDTShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,700.6 | +2.819% | $2.8M | $6.4M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,645.3 | −0.526% | $145K | $979K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,649.9 | −0.246% | $215K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,646 | −0.483% | $23.3M | $19.1M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,647.4 | −0.403% | $6.6M | $2.5M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,652.2 | −0.111% | $388K | $320K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,644.2 | −0.596% | $2.6M | $777K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,653.5 | −0.029% | $2K | $175K | 10x | as long as short |
| Lighter OPENAI | +0.0064% | 1h | 1,735.2 | +4.909% | $1.5M | $273K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,645.6 | −0.507% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0529% | 1h | 1,697.4 | +2.623% | $7.9M | $2.6M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.1008% | 1h | 1,665.7 | +0.704% | $234K | $180K | 5x | as long as short |
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Lighter OPENAI
Aevo OPENAI-PERP
Entropy io:OAI
Coinbase International OPENAI-PERP-INTX