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Funding arb · Price arb /

OPENAI

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 06:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h +0.001%
Price spread now: Gate against QFEX−0.219%7-day average −0.126% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$410.408% of the position
Long on QFEXShort on Gate
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.004%$0 on $10k
Price spread, last 7 days+0.047%+$5 · spread now −0.219%, 7d avg −0.126%
Together, before fees+0.051%+$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.093% cheaper against QFEX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.126%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX OPENAI-USD1,619.1−0.0005get 0.0001% / 1h4m 41s$1.2M$610K10x
ShortGate OPENAI_USDT1,615.60get 0.0000% / 8h2h 04m$52.3M$19.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against QFEX. 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

Funding earned
$1.01
Price spread: −0.219% → −0.126%
−$9.27
Slippage, 4 orders
−$15.8
Fee QFEX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$49.06
Costs to cover
0.408%
Break-even
347.7 days
Slippage from QFEX: live order book, 2 min ago; Gate: live order book, 4 min ago.

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 ago0.99 bp6.3 bp −$612.2 bp −$122doesn't fitdoesn't fit
Sell Gate live order book, 4 min ago0.87 bp10.1 bp −$10305.2 bp −$3,052doesn't fitdoesn't fit

OPENAI on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX OPENAI-USDlong−0.0005%1h1,619.1long leg$1.2M$610K10x
Lighter OPENAI0.0000%1h1,711.7+5.716%$1.4M$265K5xas long as short
Bybit OPENAIUSDT0.0000%8h1,659.5+2.491%$753K$205K25xas long as short
OKX OPENAI-USDT-SWAP0.0000%8h1,648.2+1.796%$5.1M$1.4M20xas long as short
Gate OPENAI_USDTshort0.0000%8h1,615.6−0.219%$52.3M$19.7M50x
Bitget OPENAIUSDT0.0000%8h1,619.5+0.025%$5.4M$5.0M20xas long as short
SunX OPENAI-USDT0.0000%8h1,619.4+0.017%—$2.4M10xas long as short
Deribit OPENAI_USDC-PERPETUAL0.0000%1h1,619.2+0.004%—$35xas long as short
HTX OPENAI-USDT0.0000%8h1,619.8+0.043%$79K$226K20xas long as short
Phemex OPENAIUSDT0.0000%8h1,618.9−0.016%$1.6M$520K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International OPENAI-PERP-INTX+0.0016%1h1,622.8+0.227%$226K$162K5xas long as short
BloFin OPENAI-USDT+0.0023%8h1,619.6+0.031%$469K$290K20xas long as short
Lighter RH OPENAI+0.0032%1h1,678.3+3.653%$2.7M$6.2M5xas long as short
Extended OPENAI-USD+0.0048%1h1,618.6−0.029%$141K$896K10xas long as short
Aster OPENAIUSDT+0.0050%8h1,622.8+0.228%$211K$3K20xas long as short
Binance OPENAIUSDT+0.0050%8h1,619.1−0.001%$22.8M$17.4M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,619−0.010%$13.0M$3.2M50xas long as short
KuCoin OPENAIUSDTM+0.0050%8h1,620.1+0.062%$372K$71K20xas long as short
Variational Omni OPENAI+0.0050%8h1,619.1−0.004%$2.6M$759K—as long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,618.4−0.045%$2K$171K10xas long as short
Aevo OPENAI-PERP+0.0104%1h1,618.7−0.027%——10xas long as short
Entropy io:OAI+0.0165%1h1,669.3+3.099%$7.6M$2.3M6xas long as short