Funding you earn now, next payment 00:00 UTC−0.0858%/8h= −94.0% APRpaid last 24h —
Price spread now: KuCoin against Deribit+0.022%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 13 hours (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. KuCoin is 0.022% dearer against Deribit than usual: you sell high and buy low (spread +0.022% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 2 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit OPENAI_USDC-PERPETUAL | 1,633 | 0.0908 | pay 0.0114% / 1h | 17m 20s | — | $3 | 5x |
| Short | KuCoin OPENAIUSDTM | 1,633.3 | 0.0050 | get 0.0050% / 8h | 17m 20s | $377K | $63K | 20x |
Deribit OPENAI_USDC-PERPETUAL
KuCoin OPENAIUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Deribit. 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
- −$180.21
- Price spread: +0.022% → 0.000%
- $2.2
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$197.01
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; KuCoin: live order book, 44 min ago. Net counts fees only.
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 Deribit no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 44 min ago | 6.67 bp | 460.4 bp −$460 | doesn't fit | doesn't fit | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OPENAI-PERP-INTX | −0.0168% | 1h | 1,630.2 | −0.171% | $235K | $149K | 5x | as long as short |
| QFEX OPENAI-USD | −0.0010% | 1h | 1,631.2 | −0.107% | $1.2M | $387K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,710.2 | +4.731% | $1.4M | $287K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,675.8 | +2.625% | $772K | $211K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,662.4 | +1.803% | $5.1M | $1.4M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,629 | −0.241% | $52.7M | $39.6M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,633.7 | +0.047% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,632.6 | −0.022% | — | $2.6M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,630.2 | −0.168% | $79K | $214K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,631.9 | −0.068% | $1.6M | $558K | 10x | as long as short |
Coinbase International OPENAI-PERP-INTX
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Phemex OPENAIUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin OPENAI-USDT | +0.0032% | 8h | 1,629.4 | −0.219% | $473K | $277K | 20x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,682.7 | +3.045% | $2.6M | $6.3M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,631.2 | −0.105% | $132K | $667K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,636.3 | +0.204% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,631.5 | −0.087% | $23.2M | $18.8M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,631.9 | −0.066% | $13.1M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTMshort | +0.0050% | 8h | 1,633.3 | +0.022% | $377K | $63K | 20x | |
| Variational Omni OPENAI | +0.0050% | 8h | 1,629.4 | −0.217% | $2.6M | $751K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,628.1 | −0.298% | $2K | $140K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,631.3 | −0.100% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0249% | 1h | 1,672.9 | +2.446% | $7.4M | $2.2M | 6x | as long as short |
| Deribit OPENAI_USDC-PERPETUALlong | +0.0908% | 1h | 1,633 | long leg | — | $3 | 5x |
BloFin OPENAI-USDT
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI