Funding you earn now, next payment 16:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.13 per $10,000 · paid last 24h +0.002%
Price spread now: MEXC against BloFin+0.038%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$830.826% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.145%−$14 · spread now +0.038%, 7d avg −0.007%
=The price spread pays, funding is against you. MEXC is 0.046% dearer against BloFin than usual: you sell high and buy low (spread +0.038% now, against its 7-day average of −0.007%): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.001% in total) that is about 7 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin OPENAI-USDT | 1,625.7 | 0.0063 | pay 0.0063% / 8h | 7h 40m | $475K | $297K | 20x |
| Short | MEXC OPENAI_USDT | 1,626.4 | 0.0050 | get 0.0050% / 8h | 7h 40m | $6.6M | $2.4M | 50x |
BloFin OPENAI-USDT
MEXC OPENAI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BloFin. 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
- −$2.78
- Price spread: +0.038% → −0.007%
- $4.56
- Slippage, 4 orders
- −$70.58
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$80.8
- Costs to cover
- 0.826%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 35 min ago; MEXC: live order book, 2 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 BloFin live order book, 35 min ago | 0.40 bp | 16.6 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 9.13 bp | 33.0 bp −$33 | 62.3 bp −$623 | 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-USD | −0.0004% | 1h | 1,624.9 | −0.052% | $1.2M | $629K | 10x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,661.1 | +2.174% | $724K | $276K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,650.7 | +1.536% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,622 | −0.229% | $46.0M | $9.8M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,625.4 | −0.020% | $5.4M | $3.9M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,626 | +0.017% | — | $2.3M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,624.8 | −0.057% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,625.6 | −0.009% | $79K | $225K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,624.3 | −0.091% | $1.6M | $498K | 10x | as long as short |
| Lighter OPENAI | +0.0008% | 1h | 1,713.7 | +5.413% | $1.4M | $273K | 5x | as long as short |
QFEX OPENAI-USD
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDT
Phemex OPENAIUSDT
Lighter OPENAIShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,680.9 | +3.391% | $2.7M | $6.1M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,624.4 | −0.082% | $141K | $804K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,627.3 | +0.095% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,624.8 | −0.058% | $22.9M | $16.3M | 20x | as long as short |
| MEXC OPENAI_USDTshort | +0.0050% | 8h | 1,626.4 | +0.038% | $6.6M | $2.4M | 50x | |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,624.8 | −0.055% | $374K | $99K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,623.8 | −0.119% | $2.6M | $760K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,625.4 | −0.022% | $2K | $176K | 10x | as long as short |
| BloFin OPENAI-USDTlong | +0.0063% | 8h | 1,625.7 | long leg | $475K | $297K | 20x | |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,624.8 | −0.060% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0256% | 1h | 1,670.3 | +2.742% | $7.6M | $2.3M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0344% | 1h | 1,629 | +0.201% | $236K | $172K | 5x | as long as short |
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI
Coinbase International OPENAI-PERP-INTX