Settings8H · net · $10k
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Funding arb · Price arb /

OPENAI

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.015%
Price spread now: KuCoin against Bitget+0.413%7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,078as in the Price arb table
costs, in and out, $10k−$1,11111.106% of the position
Long on BitgetShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.105%+$11 on $10k
Price spread, last 4 days (all we have)−0.396%−$40 · spread now +0.413%, 7d avg +0.087%
Together, before fees−0.291%−$29 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 KuCoin is 0.326% dearer against Bitget than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of +0.087%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget OPENAIUSDT1,631.60get 0.0000% / 8h7h 54m$5.5M$5.1M20x
ShortKuCoin OPENAIUSDTM1,638.40.0050get 0.0050% / 8h7h 54m$377K$65K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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
$10.5
Price spread: +0.413% → +0.087%
$32.62
Slippage, 4 orders
−$1,086.65
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,067.53
Costs to cover
11.106%
Break-even
718.7 days
Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 68 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 Bitget live order book, 4 min ago2.72 bp39.6 bp −$4048.4 bp −$484doesn't fitdoesn't fit
Sell KuCoin live order book, 68 min ago6.67 bp460.4 bp −$460doesn't fitdoesn'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
Coinbase International OPENAI-PERP-INTX−0.0024%1h1,633.7+0.127%$235K$150K5xas long as short
QFEX OPENAI-USD0.0000%1h1,631.5−0.006%$1.2M$387K10xas long as short
Lighter OPENAI0.0000%1h1,712.1+4.936%$1.4M$282K5xas long as short
Bybit OPENAIUSDT0.0000%8h1,674.2+2.612%$771K$209K25xas long as short
OKX OPENAI-USDT-SWAP0.0000%8h1,660.7+1.783%$5.1M$1.4M20xas long as short
Gate OPENAI_USDT0.0000%8h1,627.8−0.231%$52.7M$39.1M50xas long as short
Bitget OPENAIUSDTlong0.0000%8h1,631.6long leg$5.5M$5.1M20x
SunX OPENAI-USDT0.0000%8h1,631.6−0.001%—$2.6M10xas long as short
Deribit OPENAI_USDC-PERPETUAL0.0000%1h1,631.60.000%—$35xas long as short
HTX OPENAI-USDT0.0000%8h1,631.8+0.013%$79K$214K20xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex OPENAIUSDT0.0000%8h1,630−0.098%$1.6M$560K10xas long as short
Lighter RH OPENAI+0.0032%1h1,683.7+3.193%$2.7M$6.2M5xas long as short
BloFin OPENAI-USDT+0.0041%8h1,632.8+0.075%$474K$278K20xas long as short
Extended OPENAI-USD+0.0048%1h1,631.5−0.010%$132K$662K10xas long as short
Aster OPENAIUSDT+0.0050%8h1,637.1+0.338%$213K$3K20xas long as short
Binance OPENAIUSDT+0.0050%8h1,632+0.021%$23.2M$18.9M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,630.9−0.044%$13.1M$3.2M50xas long as short
KuCoin OPENAIUSDTMshort+0.0050%8h1,638.4+0.413%$377K$65K20x
Variational Omni OPENAI+0.0050%8h1,631.2−0.024%$2.6M$751K—as long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,633.5+0.114%$2K$139K10xas long as short
Aevo OPENAI-PERP+0.0104%1h1,631.6−0.003%——10xas long as short
Entropy io:OAI+0.0157%1h1,677.1+2.788%$7.4M$2.2M6xas long as short