OPENAI

Alert: funding

Alert: spread

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 OKX−1.718%7-day average −1.996% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$1091.092% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$11 on $10k

Price spread, last 7 days−0.238%−$24 · spread now −1.718%, 7d avg −1.996%

Together, before fees−0.133%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.278% dearer against OKX than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of −1.996%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX OPENAI-USDT-SWAP	1,645.2	0	get 0.0000% / 8h	2h 11m	$5.1M	$1.3M	20x
Short	Binance OPENAIUSDT	1,616.9	0.0050	get 0.0050% / 8h	2h 11m	$22.8M	$17.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −1.718%Rate

Funding earned: $10.5
Price spread: −1.718% → −1.996%: $27.82
Slippage, 4 orders: −$89.23
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$70.91
Costs to cover: 1.092%
Break-even: 54.3 days

Slippage from OKX: live order book, 2 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 OKX live order book, 2 min ago	2.13 bp	34.7 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.96 bp	9.5 bp −$10	12.9 bp −$129	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	1,616.8	−1.727%	$1.2M	$607K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,709.2	+3.891%	$1.4M	$265K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,658.9	+0.832%	$752K	$205K	25x	as long as short
OKX OPENAI-USDT-SWAPlong	0.0000%	8h	1,645.2	long leg	$5.1M	$1.3M	20x
Gate OPENAI_USDT	0.0000%	8h	1,613.9	−1.903%	$52.3M	$19.7M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,618.3	−1.636%	$5.4M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,618.7	−1.611%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,617.4	−1.689%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,617.2	−1.705%	$79K	$225K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,617.1	−1.707%	$1.6M	$521K	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-INTX	+0.0016%	1h	1,620.9	−1.476%	$226K	$161K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,676.1	+1.876%	$2.7M	$6.2M	5x	as long as short
BloFin OPENAI-USDT	+0.0034%	8h	1,617.6	−1.676%	$470K	$289K	20x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,616.5	−1.746%	$141K	$896K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,621	−1.470%	$211K	$3K	20x	as long as short
Binance OPENAIUSDTshort	+0.0050%	8h	1,616.9	−1.718%	$22.8M	$17.3M	20x
MEXC OPENAI_USDT	+0.0050%	8h	1,617	−1.712%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,617.4	−1.690%	$372K	$70K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,616.2	−1.761%	$2.6M	$757K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,616.1	−1.767%	$2K	$170K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,616.6	−1.738%	—	—	10x	as long as short
Entropy io:OAI	+0.0137%	1h	1,666.2	+1.276%	$7.6M	$2.3M	6x	as long as short