data as of
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Price arb /

OPENAI

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Spread before costs (cost unknown: a leg has no order-book sample)−0.011%
7d average+0.014%if it closes, per $10,000$1funding while held, a day+$2.24
Long on QFEXShort on BloFin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX OPENAI-USD1,601.2−0.0013get 0.0002% / 1h36m 26s$1.2M$362K10x
ShortBloFin OPENAI-USDT1,6010.0062get 0.0062% / 8h7h 36m$476K$240K20x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$1.12
Funding while held
$2.24
Slippage, 4 orders
no order book: not counted
Fee QFEX: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$20.88
Spread needed to break even
0.220%
Slippage unknown: QFEX: live order book, 2 min ago; BloFin: live order book, 6 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0075%
Per $10,000 a day
+$2.24
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 2 min ago1.16 bp7.4 bp −$78.0 bp −$80doesn't fitdoesn't fit
Sell BloFin live order book, 6 min ago0.66 bp14.5 bp −$1515.9 bp −$15916.2 bp −$1,621doesn't fit

OPENAI price on every exchange

against the cheapest. Click to use as the short leg.
Gate1,598.2cheapestPhemex1,600.5+0.139%
BloFin1,601+0.173%
MEXC1,601.1+0.181%Extended1,601.2+0.184%
QFEX1,601.2+0.185%
Binance1,601.2+0.185%Variational Omni1,601.3+0.191%HTX1,601.8+0.222%Deribit1,601.8+0.224%Aevo1,602+0.233%SunX1,602.7+0.280%Bitget1,603.1+0.307%KuCoin1,608.2+0.623%Coinbase International1,608.3+0.628%Aster1,608.5+0.640%OKX1,631.5+2.082%Bybit1,644.9+2.919%Entropy1,668.9+4.422%Lighter RH1,673+4.680%
Lighter1,700.5+6.398%

OPENAI on 21 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate OPENAI_USDT−0.184%0.0000%8h$51.7M$63.8M50xas long as short
Phemex OPENAIUSDT−0.046%0.0000%8h$1.6M$598K10xas long as short
BloFin OPENAI-USDTshort−0.011%+0.0062%8h$476K$240K20x
MEXC OPENAI_USDT−0.004%+0.0050%8h$12.8M$2.9M50xas long as short
Extended OPENAI-USD0.000%+0.0048%1h$133K$655K10xas long as short
QFEX OPENAI-USDlong0.000%−0.0013%1h$1.2M$362K10x
Binance OPENAIUSDT+0.001%+0.0050%8h$23.0M$18.9M20xas long as short
Variational Omni OPENAI+0.007%+0.0050%8h$2.5M$197K—as long as short
HTX OPENAI-USDT+0.037%0.0000%8h$78K$189K20xas long as short
Deribit OPENAI_USDC-PERPETUAL+0.039%0.0000%1h—$35xas long as short
Show all 21 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Aevo OPENAI-PERP+0.048%+0.0104%1h——10xas long as short
SunX OPENAI-USDT+0.095%0.0000%8h—$2.6M10xas long as short
Bitget OPENAIUSDT+0.122%0.0000%8h$5.4M$4.6M20xas long as short
KuCoin OPENAIUSDTM+0.438%+0.0050%8h$366K$57K20xas long as short
Coinbase International OPENAI-PERP-INTX+0.442%+0.2352%1h$250K$97K5xas long as short
Aster OPENAIUSDT+0.454%+0.0050%8h$210K$2K20xas long as short
OKX OPENAI-USDT-SWAP+1.894%0.0000%8h$5.0M$1.0M20xas long as short
Bybit OPENAIUSDT+2.730%0.0000%8h$771K$146K25xas long as short
Entropy io:OAI+4.229%+0.0351%1h$7.5M$1.0M6xas long as short
Lighter RH OPENAI+4.487%+0.0032%1h$3.1M$4.8M5xas long as short
Lighter OPENAI+6.202%0.0000%1h$1.4M$250K5xas long as short