OPENAI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.203%

Price spread now: MEXC against HTX−0.053%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$700.698% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.293%+$29 on $10k

Price spread, last 3 days (all we have)+0.133%+$13 · spread now −0.053%, 7d avg +0.021%

Together, before fees+0.426%+$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.074% cheaper against HTX than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of +0.021%). If the spread goes back, that is −$7 on $10k: about 4.9 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.293% in total) that is about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX OPENAI-USDT	1,629.1	0	get 0.0000% / 8h	24m 04s	$79K	$213K	20x
Short	MEXC OPENAI_USDT	1,628.2	0.0050	get 0.0050% / 8h	24m 04s	$13.0M	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against HTX. 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 HTXbpFee MEXCbpOrdersPrice spread, now −0.053%Rate

Funding earned: $10.5
Price spread: −0.053% → +0.021%: −$7.4
Slippage, 4 orders: −$57.81
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$66.71
Costs to cover: 0.698%
Break-even: 51.5 days

Slippage from HTX: live order book, 52 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 HTX live order book, 52 min ago	4.14 bp	19.1 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.20 bp	3.3 bp −$3	20.7 bp −$207	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
Coinbase International OPENAI-PERP-INTX	−0.0168%	1h	1,628.2	−0.055%	$236K	$147K	5x	as long as short
QFEX OPENAI-USD	−0.0010%	1h	1,628.2	−0.056%	$1.2M	$387K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,708.3	+4.862%	$1.4M	$287K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,673.9	+2.754%	$770K	$216K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,659.6	+1.875%	$5.1M	$1.4M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,625.6	−0.214%	$52.6M	$39.6M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,630.3	+0.078%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,629.1	+0.002%	—	$2.6M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,628.5	−0.033%	—	$3	5x	as long as short
HTX OPENAI-USDTlong	0.0000%	8h	1,629.1	long leg	$79K	$213K	20x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex OPENAIUSDT	0.0000%	8h	1,628.4	−0.044%	$1.6M	$558K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,680.8	+3.177%	$2.6M	$6.3M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,627.8	−0.076%	$131K	$667K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,633	+0.239%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,628.1	−0.057%	$23.1M	$18.8M	20x	as long as short
MEXC OPENAI_USDTshort	+0.0050%	8h	1,628.2	−0.053%	$13.0M	$3.1M	50x
KuCoin OPENAIUSDTM	+0.0050%	8h	1,630.2	+0.068%	$376K	$63K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,628.4	−0.040%	$2.6M	$751K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,626.8	−0.141%	$2K	$140K	10x	as long as short
BloFin OPENAI-USDT	+0.0071%	8h	1,628.6	−0.031%	$474K	$277K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,627.6	−0.092%	—	—	10x	as long as short
Entropy io:OAI	+0.0259%	1h	1,671.4	+2.599%	$7.4M	$2.2M	6x	as long as short