Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.015%
Price spread now: MEXC against Bybit−2.832%7-day average −2.931% · you buy dearer than you sell
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1481.479% of the position
Funding, last 7 days+0.105%+$11 on $10k
+Price spread, last 4 days (all we have)+0.275%+$27 · spread now −2.832%, 7d avg −2.931%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.100% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −2.931%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit OPENAIUSDT | 1,674.2 | 0 | get 0.0000% / 8h | 1h 58m | $761K | $225K | 25x |
| Short | MEXC OPENAI_USDT | 1,626.8 | 0.0050 | get 0.0050% / 8h | 1h 58m | $12.9M | $3.1M | 50x |
Bybit OPENAIUSDT
MEXC OPENAI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Bybit. 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
- $10.5
- Price spread: −2.832% → −2.931%
- $9.95
- Slippage, 4 orders
- −$136.9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$127.45
- Costs to cover
- 1.479%
- Break-even
- 92.0 days
Slippage from Bybit: live order book, 21 min ago; MEXC: live order book, 5 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 Bybit live order book, 21 min ago | 18.03 bp | 71.3 bp −$71 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.95 bp | 1.3 bp −$1 | 1.8 bp −$18 | 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 | −0.0005% | 1h | 1,629.3 | −2.684% | $1.2M | $364K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,696.8 | +1.353% | $1.4M | $289K | 5x | as long as short |
| Bybit OPENAIUSDTlong | 0.0000% | 8h | 1,674.2 | long leg | $761K | $225K | 25x | |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,658.9 | −0.913% | $5.1M | $1.4M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,626 | −2.880% | $52.9M | $40.6M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,628.9 | −2.703% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,630.6 | −2.603% | — | $2.6M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,629.7 | −2.658% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,630 | −2.641% | $79K | $213K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,628.6 | −2.721% | $1.6M | $583K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
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 | 1,664.8 | −0.559% | $2.6M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,629 | −2.698% | $133K | $656K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0050% | 8h | 1,629.5 | −2.668% | $474K | $296K | 20x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,633.6 | −2.421% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,627.3 | −2.801% | $23.2M | $21.2M | 20x | as long as short |
| MEXC OPENAI_USDTshort | +0.0050% | 8h | 1,626.8 | −2.832% | $12.9M | $3.1M | 50x | |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,636.1 | −2.273% | $374K | $66K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,629.1 | −2.695% | $2.6M | $755K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,629.2 | −2.687% | $2K | $153K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,629.1 | −2.694% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0119% | 1h | 1,662.7 | −0.686% | $7.3M | $2.2M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0456% | 1h | 1,633.2 | −2.448% | $237K | $106K | 5x | as long as short |
Lighter RH OPENAI
Extended OPENAI-USD
BloFin OPENAI-USDT
Aster OPENAIUSDT
Binance OPENAIUSDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI
Coinbase International OPENAI-PERP-INTX