Funding you earn now, next payment 06:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.05 per $10,000 · paid last 24h +0.226%
Price spread now: Coinbase International against QFEX+0.403%7-day average +0.460% · 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−$62as in the Price arb table
costs, in and out, $10k−$560.558% of the position
Funding, last 4 days (all we have)+0.718%+$72 on $10k
+Price spread, last 4 days (all we have)+0.741%+$74 · spread now +0.403%, 7d avg +0.460%
=Funding pays, the price is against you. Coinbase International is 0.058% cheaper against QFEX than usual: you would sell low and buy high (spread +0.403% now, against its 7-day average of +0.460%). If the spread goes back, that is −$6 on $10k: about 4.6 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.718% in total) that is about 7 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX OPENAI-USD | 1,618.5 | −0.0002 | get 0.0000% / 1h | 51m 46s | $1.2M | $611K | 10x |
| Short | Coinbase International OPENAI-PERP-INTX | 1,625 | 0.0040 | get 0.0005% / 1h | 51m 46s | $226K | $162K | 5x |
QFEX OPENAI-USD
Coinbase International OPENAI-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $8.82
- Price spread: +0.403% → +0.460%
- −$5.76
- Slippage, 4 orders
- −$35.78
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$52.72
- Costs to cover
- 0.558%
- Break-even
- 48.8 days
Slippage from QFEX: live order book, 4 min ago; Coinbase International: live order book, 56 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, 4 min ago | 2.04 bp | 8.1 bp −$8 | 15.1 bp −$151 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 56 min ago | 8.88 bp | 21.0 bp −$21 | 56.4 bp −$564 | 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 | −0.0002% | 1h | 1,618.5 | long leg | $1.2M | $611K | 10x | |
| Lighter OPENAI | 0.0000% | 1h | 1,712.5 | +5.805% | $1.4M | $264K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,659.4 | +2.527% | $753K | $205K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,646.3 | +1.716% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,615.3 | −0.202% | $52.3M | $18.0M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,619.4 | +0.055% | $5.4M | $4.7M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,619.2 | +0.042% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,618.7 | +0.009% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,618.7 | +0.010% | $79K | $226K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,618.3 | −0.014% | $1.6M | $515K | 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 | 1,679.5 | +3.765% | $2.7M | $6.0M | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0036% | 8h | 1,618.2 | −0.020% | $472K | $289K | 20x | as long as short |
| Coinbase International OPENAI-PERP-INTXshort | +0.0040% | 1h | 1,625 | +0.403% | $226K | $162K | 5x | |
| Extended OPENAI-USD | +0.0048% | 1h | 1,618.1 | −0.028% | $141K | $895K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,621.5 | +0.183% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,618.5 | −0.001% | $22.8M | $17.3M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,618.4 | −0.005% | $13.0M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,620.5 | +0.122% | $372K | $69K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,619 | +0.029% | $2.6M | $757K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,619.2 | +0.041% | $2K | $174K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,617.7 | −0.049% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0140% | 1h | 1,670.3 | +3.199% | $7.7M | $2.3M | 6x | as long as short |
Lighter RH OPENAI
BloFin OPENAI-USDT
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI