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: Bitget against KuCoin−0.035%7-day average −0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4,497as in the Funding arb table

Net, price: spread back to 7d avg − costs−$4,481as in the Price arb table

costs, in and out, $10k−$4,48744.865% of the position

Long on KuCoin Short on Bitget

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)−0.143%−$14 · spread now −0.035%, 7d avg −0.089%

Together, before fees−0.248%−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.054% dearer against KuCoin than usual: you sell high and buy low (spread −0.035% now, against its 7-day average of −0.089%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin OPENAIUSDTM	1,624.6	0.0050	pay 0.0050% / 8h	5h 08m	$374K	$70K	20x
Short	Bitget OPENAIUSDT	1,624	0	get 0.0000% / 8h	5h 08m	$5.5M	$5.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$10.5
Price spread: −0.035% → −0.089%: $5.42
Slippage, 4 orders: −$4,462.54
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$4,491.62
Costs to cover: 44.865%
Break-even: never at this rate

Slippage from KuCoin: live order book, 13 min ago; Bitget: 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 KuCoin live order book, 13 min ago	7.87 bp	726.4 bp −$726	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.99 bp	40.2 bp −$40	77.7 bp −$777	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	−0.0104%	1h	1,625.2	+0.039%	$225K	$160K	5x	as long as short
Lighter OPENAI	0.0000%	1h	1,708	+5.136%	$1.4M	$269K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,663.6	+2.404%	$757K	$206K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,651.4	+1.652%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,619.8	−0.294%	$52.4M	$28.8M	50x	as long as short
Bitget OPENAIUSDTshort	0.0000%	8h	1,624	−0.035%	$5.5M	$5.1M	20x
SunX OPENAI-USDT	0.0000%	8h	1,623.9	−0.041%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,622.4	−0.132%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,623.7	−0.057%	$79K	$217K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,623.3	−0.078%	$1.6M	$545K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX OPENAI-USD	0.0000%	1h	1,623.2	−0.087%	$1.2M	$485K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,675.1	+3.109%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,622.9	−0.104%	$141K	$737K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,628.9	+0.268%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,623.3	−0.077%	$22.9M	$17.9M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,623	−0.096%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTMlong	+0.0050%	8h	1,624.6	long leg	$374K	$70K	20x
Variational Omni OPENAI	+0.0050%	8h	1,622.9	−0.105%	$2.6M	$759K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,623.6	−0.059%	$2K	$143K	10x	as long as short
BloFin OPENAI-USDT	+0.0076%	8h	1,623.9	−0.041%	$475K	$278K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,622.5	−0.125%	—	—	10x	as long as short
Entropy io:OAI	+0.0149%	1h	1,667.1	+2.618%	$7.4M	$2.1M	6x	as long as short