OPENAI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.015%

Price spread now: KuCoin against Gate+0.473%7-day average +0.247% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3,544as in the Funding arb table

Net, price: spread back to 7d avg − costs−$3,532as in the Price arb table

costs, in and out, $10k−$3,55535.549% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$11 on $10k

Price spread, last 4 days (all we have)−0.478%−$48 · spread now +0.473%, 7d avg +0.247%

Together, before fees−0.373%−$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.227% dearer against Gate than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.247%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate OPENAI_USDT	1,611.8	0	get 0.0000% / 8h	2h 30m	$52.2M	$19.7M	50x
Short	KuCoin OPENAIUSDTM	1,619.4	0.0050	get 0.0050% / 8h	2h 30m	$373K	$69K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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

Position, each leg$Hold fordaysFee GatebpFee KuCoinbpOrdersPrice spread, now +0.473%Rate

Funding earned: $10.5
Price spread: +0.473% → +0.247%: $22.67
Slippage, 4 orders: −$3,527.86
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$3,521.69
Costs to cover: 35.549%
Break-even: 2354.8 days

Slippage from Gate: live order book, 3 min ago; KuCoin: live order book, 27 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 Gate live order book, 3 min ago	2.76 bp	20.8 bp −$21	576.9 bp −$5,769	doesn't fit	doesn't fit
Sell KuCoin live order book, 27 min ago	8.00 bp	2878.3 bp −$2,878	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	1,614.4	+0.166%	$1.2M	$603K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,707.2	+5.920%	$1.4M	$264K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,657	+2.804%	$753K	$204K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,642.5	+1.908%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDTlong	0.0000%	8h	1,611.8	long leg	$52.2M	$19.7M	50x
Bitget OPENAIUSDT	0.0000%	8h	1,616.7	+0.305%	$5.4M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,617	+0.326%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,615.3	+0.217%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,615.1	+0.206%	$79K	$221K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,614.6	+0.177%	$1.6M	$524K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International OPENAI-PERP-INTX	+0.0016%	1h	1,617.9	+0.379%	$225K	$161K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,674.5	+3.895%	$2.6M	$6.1M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,614.3	+0.158%	$142K	$895K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,618.1	+0.395%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,614.7	+0.185%	$22.8M	$17.3M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,615.2	+0.212%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTMshort	+0.0050%	8h	1,619.4	+0.473%	$373K	$69K	20x
Variational Omni OPENAI	+0.0050%	8h	1,614.7	+0.183%	$2.6M	$757K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,614.5	+0.173%	$2K	$167K	10x	as long as short
BloFin OPENAI-USDT	+0.0058%	8h	1,614.7	+0.180%	$474K	$287K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,614.4	+0.167%	—	—	10x	as long as short
Entropy io:OAI	+0.0115%	1h	1,665.1	+3.310%	$7.6M	$2.3M	6x	as long as short