After costs, if the gap returns to its 7d average, $10k−$195
spread now+2.704%7d average+2.971%fees + slippage, in and out−$168spread needed1.679%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX OPENAI-USD | 1,602.5 | −0.0013 | get 0.0002% / 1h | 42m 21s | $1.2M | $371K | 10x |
| Short | Bybit OPENAIUSDT | 1,645.8 | 0 | get 0.0000% / 8h | 7h 42m | $774K | $145K | 25x |
Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $270.4
- Funding while held
- $0.38
- Slippage, 4 orders
- −$146.87
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $102.91
- Spread needed to break even
- 1.679%
Slippage from QFEX: live order book, 6 min ago; Bybit: live order book, 64 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0013%
- Per $10,000 a day
- +$0.38
- Average in range /8h
- —
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, 6 min ago | 2.55 bp | 9.0 bp −$9 | 15.1 bp −$151 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 64 min ago | 12.40 bp | 71.8 bp −$72 | 383.0 bp −$3,830 | doesn't fit | doesn't fit |
OPENAI price on every exchange
against the cheapest. Click to use as the short leg.OPENAI on 21 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate OPENAI_USDT | −0.243% | 0.0000% | 8h | $51.7M | $63.7M | 50x | as long as short |
| BloFin OPENAI-USDT | −0.041% | +0.0025% | 8h | $475K | $241K | 20x | as long as short |
| MEXC OPENAI_USDT | −0.030% | +0.0050% | 8h | $12.8M | $2.9M | 50x | as long as short |
| Extended OPENAI-USD | −0.009% | +0.0048% | 1h | $133K | $655K | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | −0.006% | 0.0000% | 1h | — | $3 | 5x | as long as short |
| Binance OPENAIUSDT | −0.004% | +0.0050% | 8h | $23.0M | $19.1M | 20x | as long as short |
| QFEX OPENAI-USDlong | 0.000% | −0.0013% | 1h | $1.2M | $371K | 10x | |
| Aevo OPENAI-PERP | +0.009% | +0.0104% | 1h | — | — | 10x | as long as short |
| Phemex OPENAIUSDT | +0.017% | 0.0000% | 8h | $1.6M | $600K | 10x | as long as short |
| Bitget OPENAIUSDT | +0.092% | 0.0000% | 8h | $5.4M | $4.7M | 20x | as long as short |
Show all 21 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX OPENAI-USDT | +0.103% | 0.0000% | 8h | — | $2.6M | 10x | as long as short |
| Variational Omni OPENAI | +0.200% | +0.0050% | 8h | $2.5M | $198K | — | as long as short |
| HTX OPENAI-USDT | +0.216% | 0.0000% | 8h | $78K | $189K | 20x | as long as short |
| Aster OPENAIUSDT | +0.329% | +0.0050% | 8h | $210K | $2K | 20x | as long as short |
| KuCoin OPENAIUSDTM | +0.358% | +0.0050% | 8h | $366K | $57K | 20x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.537% | +0.2352% | 1h | $251K | $98K | 5x | as long as short |
| OKX OPENAI-USDT-SWAP | +1.863% | 0.0000% | 8h | $5.0M | $1.0M | 20x | as long as short |
| Bybit OPENAIUSDTshort | +2.704% | 0.0000% | 8h | $774K | $145K | 25x | |
| Entropy io:OAI | +4.178% | +0.0405% | 1h | $7.5M | $1.1M | 6x | as long as short |
| Lighter RH OPENAI | +4.475% | +0.0032% | 1h | $3.1M | $4.8M | 5x | as long as short |
| Lighter OPENAI | +6.203% | 0.0000% | 1h | $1.4M | $249K | 5x | as long as short |
Bybit OPENAIUSDT
Gate
BloFin
MEXC
Extended
Deribit
Binance
Phemex
Bitget
SunX
Variational Omni
HTX
Aster
KuCoin
Coinbase International
OKX
Lighter RH
Lighter