Funding you earn now, next payment 22:00 UTC−0.0003%/8h= −0.4% APRpaid last 24h −0.061%
Price spread now: MEXC against Entropy−2.021%49s7-day average −5.403% · you buy dearer than you sell
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$780.782% of the position
Funding, last 7 days−0.515%−$51 on $10k
+Price spread, last 7 days−4.539%−$454 · spread now −2.021%, 7d avg −5.403%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 3.382% dearer against Entropy than usual: you sell high and buy low, +$338 on $10k if it goes back to its 7-day average of −5.403%. The two prices were read 49 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 | Entropy io:OAI | 1,662.7 | 0.0053 | pay 0.0007% / 1h | 0m 47s | $7.3M | $2.2M | 6x |
| Short | MEXC OPENAI_USDT | 1,629.1 | 0.0050 | get 0.0050% / 8h | 2h 00m | $13.0M | $3.1M | 50x |
Entropy io:OAI
MEXC OPENAI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Entropy. 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
- −$0.68
- Price spread: −2.021% → −5.403%
- $338.21
- Slippage, 4 orders
- −$60.24
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $259.28
- Costs to cover
- 0.782%
- Break-even
- from the start
Slippage from Entropy: live order book, 5 min ago; MEXC: live order book, 3 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 Entropy live order book, 5 min ago | 4.81 bp | 40.0 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter OPENAI | 0.0000% | 1h | 1,697.4 | +2.086% | $1.4M | $315K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,674.8 | +0.728% | $761K | $225K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,662.6 | −0.006% | $5.1M | $1.4M | 20x | as long as short |
| QFEX OPENAI-USD | 0.0000% | 1h | 1,629.6 | −1.991% | $1.2M | $363K | 10x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,625.6 | −2.230% | $52.9M | $48.6M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,630.1 | −1.959% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,630.5 | −1.937% | — | $2.6M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,629.7 | −1.985% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,629.8 | −1.979% | $79K | $212K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,628.6 | −2.054% | $1.6M | $584K | 10x | as long as short |
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
QFEX OPENAI-USD
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 | 1,665.7 | +0.178% | $2.6M | $6.3M | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0045% | 8h | 1,629.5 | −1.996% | $475K | $296K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,629.1 | −2.023% | $133K | $656K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,633.1 | −1.782% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,629.1 | −2.020% | $23.2M | $21.2M | 20x | as long as short |
| MEXC OPENAI_USDTshort | +0.0050% | 8h | 1,629.1 | −2.021% | $13.0M | $3.1M | 50x | |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,637.5 | −1.516% | $375K | $65K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,627.8 | −2.101% | $2.6M | $755K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,628.6 | −2.048% | $2K | $153K | 10x | as long as short |
| Entropy io:OAIlong | +0.0053% | 1h | 1,662.7 | long leg | $7.3M | $2.2M | 6x | |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,628.9 | −2.034% | — | — | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.1080% | 1h | 1,633.2 | −1.775% | $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
Aevo OPENAI-PERP
Coinbase International OPENAI-PERP-INTX