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Funding arb · Price arb /

OPENAI

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.001%
Price spread now: KuCoin against Extended+0.159%7-day average +0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,070as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,065as in the Price arb table
costs, in and out, $10k−$1,07010.704% of the position
Long on ExtendedShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.004%$0 on $10k
Price spread, last 4 days (all we have)−0.264%−$26 · spread now +0.159%, 7d avg +0.104%
Together, before fees−0.260%+ Points / potential airdropExtended: Active · farm board−$26 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.055% dearer against Extended than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.104%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended OPENAI-USD1,617.90.0048pay 0.0006% / 1h28m 31s$144K$581K10x
ShortKuCoin OPENAIUSDTM1,620.50.0050get 0.0050% / 8h1h 28m$372K$69K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.42
Price spread: +0.159% → +0.104%
$5.45
Slippage, 4 orders
−$1,053.37
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,064.5
Costs to cover
10.704%
Break-even
17748.7 days
Slippage from Extended: live order book, 15 min ago; KuCoin: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 15 min ago3.71 bp40.2 bp −$40274.6 bp −$2,746doesn't fitdoesn't fit
Sell KuCoin live order book, 14 min ago6.95 bp402.6 bp −$403doesn't fitdoesn't fitdoesn't fit

OPENAI on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX OPENAI-USD−0.0002%1h1,618+0.006%$1.2M$608K10xas long as short
Lighter OPENAI0.0000%1h1,713+5.879%$1.4M$264K5xas long as short
Bybit OPENAIUSDT0.0000%8h1,658.9+2.536%$752K$204K25xas long as short
OKX OPENAI-USDT-SWAP0.0000%8h1,648.8+1.911%$5.1M$1.3M20xas long as short
Gate OPENAI_USDT0.0000%8h1,614.8−0.191%$52.3M$18.1M50xas long as short
Bitget OPENAIUSDT0.0000%8h1,620.1+0.136%$5.4M$4.6M20xas long as short
SunX OPENAI-USDT0.0000%8h1,619.8+0.119%—$2.4M10xas long as short
Deribit OPENAI_USDC-PERPETUAL0.0000%1h1,618.5+0.038%—$35xas long as short
HTX OPENAI-USDT0.0000%8h1,619.6+0.106%$79K$228K20xas long as short
Phemex OPENAIUSDT0.0000%8h1,617.8−0.004%$1.6M$510K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH OPENAI+0.0032%1h1,680.2+3.853%$2.7M$6.0M5xas long as short
Coinbase International OPENAI-PERP-INTX+0.0040%1h1,625+0.442%$226K$162K5xas long as short
Extended OPENAI-USDlong+0.0048%1h1,617.9long leg$144K$581K10x
Aster OPENAIUSDT+0.0050%8h1,621.9+0.248%$211K$3K20xas long as short
Binance OPENAIUSDT+0.0050%8h1,618.3+0.024%$22.8M$16.9M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,618.4+0.030%$13.0M$3.2M50xas long as short
KuCoin OPENAIUSDTMshort+0.0050%8h1,620.5+0.159%$372K$69K20x
Variational Omni OPENAI+0.0050%8h1,618.8+0.057%$2.6M$757K—as long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,617.9+0.001%$2K$176K10xas long as short
BloFin OPENAI-USDT+0.0055%8h1,618.1+0.014%$473K$290K20xas long as short
Aevo OPENAI-PERP+0.0104%1h1,618.2+0.017%——10xas long as short
Entropy io:OAI+0.0146%1h1,670.2+3.234%$7.7M$2.3M6xas long as short