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: MEXC against Gate+0.240%7-day average +0.159% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$270.273% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.035%−$3 · spread now +0.240%, 7d avg +0.159%

Together, before fees+0.070%+$7 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 MEXC is 0.081% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.159%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate OPENAI_USDT	1,611.4	0	get 0.0000% / 8h	2h 34m	$52.2M	$19.7M	50x
Short	MEXC OPENAI_USDT	1,615.2	0.0050	get 0.0050% / 8h	2h 34m	$13.0M	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.240%Rate

Funding earned: $10.5
Price spread: +0.240% → +0.159%: $8.07
Slippage, 4 orders: −$12.33
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 0 bp × 2 orders: $0
Net: −$8.75
Costs to cover: 0.273%
Break-even: 12.8 days

Slippage from Gate: live order book, 4 min ago; MEXC: live order book, 4 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, 4 min ago	1.80 bp	14.5 bp −$15	213.1 bp −$2,131	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.96 bp	1.5 bp −$1	6.5 bp −$65	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	1,615.2	+0.241%	$1.2M	$603K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,706.8	+5.926%	$1.4M	$264K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,659.1	+2.962%	$754K	$204K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,643.8	+2.014%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDTlong	0.0000%	8h	1,611.4	long leg	$52.2M	$19.7M	50x
Bitget OPENAIUSDT	0.0000%	8h	1,617.2	+0.361%	$5.4M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,617.8	+0.400%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,615.7	+0.271%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,616.4	+0.315%	$79K	$221K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,615.5	+0.260%	$1.6M	$525K	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	+0.404%	$225K	$161K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,674.1	+3.893%	$2.6M	$6.1M	5x	as long as short
BloFin OPENAI-USDT	+0.0041%	8h	1,615.7	+0.272%	$474K	$286K	20x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,615.6	+0.264%	$142K	$895K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,618	+0.410%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,615.4	+0.249%	$22.8M	$17.3M	20x	as long as short
MEXC OPENAI_USDTshort	+0.0050%	8h	1,615.2	+0.240%	$13.0M	$3.1M	50x
KuCoin OPENAIUSDTM	+0.0050%	8h	1,619.4	+0.498%	$373K	$69K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,615	+0.226%	$2.6M	$757K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,614.4	+0.192%	$2K	$166K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,615.2	+0.242%	—	—	10x	as long as short
Entropy io:OAI	+0.0115%	1h	1,665.1	+3.336%	$7.6M	$2.3M	6x	as long as short