Funding you earn now, next payment 22:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h —
Price spread now: MEXC against Deribit−0.034%52s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 11 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
Funding pays, the price is against you. MEXC is 0.034% cheaper against Deribit than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.2 days of funding at the current rate (+$2 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit OPENAI_USDC-PERPETUAL | 1,629.7 | 0 | get 0.0000% / 1h | 59m 27s | — | $3 | 5x |
| Short | MEXC OPENAI_USDT | 1,629.2 | 0.0050 | get 0.0050% / 8h | 1h 59m | $13.0M | $3.1M | 50x |
Deribit OPENAI_USDC-PERPETUAL
MEXC OPENAI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $10.5
- Price spread: −0.034% → 0.000%
- −$3.37
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $0.13
- Costs to cover
- 0.070%
- Break-even
- 6.9 days
Slippage unknown: Deribit: no order-book sample; MEXC: live order book, 4 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 MEXC live order book, 4 min ago | 0.95 bp | 1.3 bp −$1 | 1.8 bp −$18 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX OPENAI-USD | −0.0005% | 1h | 1,629.3 | −0.030% | $1.2M | $364K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,697.1 | +4.130% | $1.4M | $289K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,674.6 | +2.754% | $761K | $225K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,661.9 | +1.973% | $5.1M | $1.4M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,625.2 | −0.276% | $52.9M | $40.6M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,630.3 | +0.036% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,630.2 | +0.028% | — | $2.6M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUALlong | 0.0000% | 1h | 1,629.7 | long leg | — | $3 | 5x | |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,629.8 | +0.003% | $79K | $212K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,628.6 | −0.073% | $1.6M | $584K | 10x | as long as short |
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,665.6 | +2.199% | $2.6M | $6.1M | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0045% | 8h | 1,629.5 | −0.014% | $475K | $296K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,629 | −0.044% | $133K | $656K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,633.5 | +0.229% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,629.3 | −0.030% | $23.2M | $21.2M | 20x | as long as short |
| MEXC OPENAI_USDTshort | +0.0050% | 8h | 1,629.2 | −0.034% | $13.0M | $3.1M | 50x | |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,637.2 | +0.457% | $375K | $66K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,629.1 | −0.041% | $2.6M | $755K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,629.2 | −0.033% | $2K | $153K | 10x | as long as short |
| Entropy io:OAI | +0.0095% | 1h | 1,662.7 | +2.022% | $7.3M | $2.2M | 6x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,629.1 | −0.038% | — | — | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.1080% | 1h | 1,633.2 | +0.212% | $237K | $106K | 5x | as long as short |
Lighter RH OPENAI
BloFin OPENAI-USDT
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Entropy io:OAI
Aevo OPENAI-PERP
Coinbase International OPENAI-PERP-INTX