Funding you earn now, next payment 07:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h −0.205%
Price spread now: KuCoin against Coinbase International+0.019%7-day average −0.361% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,099as in the Funding arb table
Net, price: spread back to 7d avg − costs−$990as in the Price arb table
costs, in and out, $10k−$1,02810.281% of the position
Funding, last 7 days−0.710%−$71 on $10k
+Price spread, last 4 days (all we have)−1.065%−$107 · spread now +0.019%, 7d avg −0.361%
=The price spread pays, funding is against you. KuCoin is 0.379% dearer against Coinbase International than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.361%): +$38 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 57 days. At the pace of the last 7 days (−0.710% in total) that is about 3.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International OPENAI-PERP-INTX | 1,619.5 | 0.0072 | pay 0.0009% / 1h | 36m 01s | $226K | $166K | 5x |
| Short | KuCoin OPENAIUSDTM | 1,619.8 | 0.0050 | get 0.0050% / 8h | 36m 01s | $375K | $68K | 20x |
Coinbase International OPENAI-PERP-INTX
KuCoin OPENAIUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Coinbase International. 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
- −$4.62
- Price spread: +0.019% → −0.361%
- $37.93
- Slippage, 4 orders
- −$1,006.07
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$994.77
- Costs to cover
- 10.281%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; KuCoin: live order book, 67 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 Coinbase International live order book, 2 min ago | 8.07 bp | 21.6 bp −$22 | 48.9 bp −$489 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 67 min ago | 6.95 bp | 402.6 bp −$403 | doesn't fit | 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 | 1,617.2 | −0.146% | $1.2M | $617K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,707.1 | +5.405% | $1.4M | $268K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,659.1 | +2.440% | $739K | $262K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,646.1 | +1.640% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,616.5 | −0.186% | $45.3M | $13.8M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,619 | −0.031% | $5.4M | $4.4M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,619.1 | −0.027% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,618.2 | −0.082% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,617 | −0.157% | $79K | $224K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,617.8 | −0.107% | $1.6M | $508K | 10x | as long as short |
QFEX OPENAI-USD
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 | 1,671.7 | +3.218% | $2.6M | $6.0M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,616.9 | −0.166% | $142K | $808K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,619.8 | +0.018% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,617.5 | −0.126% | $22.8M | $16.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,618 | −0.098% | $6.6M | $5.0M | 50x | as long as short |
| KuCoin OPENAIUSDTMshort | +0.0050% | 8h | 1,619.8 | +0.019% | $375K | $68K | 20x | |
| Variational Omni OPENAI | +0.0050% | 8h | 1,616.7 | −0.177% | $2.6M | $758K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,616.6 | −0.181% | $2K | $181K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0068% | 8h | 1,617.5 | −0.126% | $474K | $296K | 20x | as long as short |
| Coinbase International OPENAI-PERP-INTXlong | +0.0072% | 1h | 1,619.5 | long leg | $226K | $166K | 5x | |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,617.3 | −0.141% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0124% | 1h | 1,666.1 | +2.875% | $7.6M | $2.3M | 6x | as long as short |
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Aevo OPENAI-PERP
Entropy io:OAI