Funding you earn now, next payment 23:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h +0.016%
Price spread now: Aster against QFEX+0.576%7-day average +0.128% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$388as in the Price arb table
costs, in and out, $10k−$4324.323% of the position
Funding, last 3 days (all we have)+0.054%+$5 on $10k
+Price spread, last 4 days (all we have)−0.557%−$56 · spread now +0.576%, 7d avg +0.128%
=Together, before fees−0.503%+ Points / potential airdropAster: Stage 5 · farm board−$50 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 Aster is 0.448% dearer against QFEX than usual: you sell high and buy low: +$45 more if the spread goes back to its 7-day average of +0.128%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX OPENAI-USD | 1,626.8 | −0.0005 | get 0.0001% / 1h | 44m 47s | $1.2M | $372K | 10x |
| Short | Aster OPENAIUSDT | 1,636.1 | 0.0050 | get 0.0050% / 8h | 1h 44m | $213K | $3K | 20x |
QFEX OPENAI-USD
Aster OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against QFEX. 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
- $11.58
- Price spread: +0.576% → +0.128%
- $44.85
- Slippage, 4 orders
- −$414.35
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$375.93
- Costs to cover
- 4.323%
- Break-even
- 234.3 days
Slippage from QFEX: live order book, 2 min ago; Aster: live order book, 37 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 QFEX live order book, 2 min ago | 4.05 bp | 11.3 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 37 min ago | 35.36 bp | 78.2 bp −$78 | 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-USDlong | −0.0005% | 1h | 1,626.8 | long leg | $1.2M | $372K | 10x | |
| Lighter OPENAI | 0.0000% | 1h | 1,695.8 | +4.247% | $1.4M | $289K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,672 | +2.780% | $760K | $225K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,657 | +1.860% | $5.1M | $1.4M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,622.1 | −0.289% | $52.8M | $40.6M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,626.8 | +0.001% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,628.7 | +0.120% | — | $2.6M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,629.6 | +0.176% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,628.9 | +0.133% | $79K | $213K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,626 | −0.045% | $1.6M | $581K | 10x | as long as short |
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
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 | 1,666.2 | +2.423% | $2.6M | $6.2M | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0037% | 8h | 1,626.4 | −0.021% | $473K | $295K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,627.6 | +0.054% | $132K | $670K | 10x | as long as short |
| Aster OPENAIUSDTshort | +0.0050% | 8h | 1,636.1 | +0.576% | $213K | $3K | 20x | |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,628 | +0.075% | $23.2M | $21.0M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,625.8 | −0.058% | $12.9M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,636.1 | +0.576% | $377K | $65K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,625.5 | −0.075% | $2.6M | $757K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,626.4 | −0.024% | $2K | $152K | 10x | as long as short |
| Entropy io:OAI | +0.0058% | 1h | 1,661.4 | +2.130% | $7.3M | $2.2M | 6x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,627.8 | +0.063% | — | — | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0456% | 1h | 1,625.8 | −0.056% | $236K | $105K | 5x | as long as short |
Lighter RH OPENAI
BloFin OPENAI-USDT
Extended OPENAI-USD
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Entropy io:OAI
Aevo OPENAI-PERP
Coinbase International OPENAI-PERP-INTX