Funding you earn now, next payment 08:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.10 per $10,000 · paid last 24h −0.003%
Price spread now: BloFin against KuCoin−0.268%50s7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,011as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1,01110.109% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.234%+$23 · spread now −0.268%, 7d avg −0.075%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.193% cheaper against KuCoin than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.075%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin OPENAIUSDTM | 1,623.3 | 0.0050 | pay 0.0050% / 8h | 1h 16m | $374K | $69K | 20x |
| Short | BloFin OPENAI-USDT | 1,619 | 0.0040 | get 0.0040% / 8h | 1h 16m | $472K | $295K | 20x |
KuCoin OPENAIUSDTM
BloFin OPENAI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$2.11
- Price spread: −0.268% → −0.075%
- −$19.28
- Slippage, 4 orders
- −$986.92
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$1,032.31
- Costs to cover
- 10.109%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 27 min ago; BloFin: 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, 27 min ago | 6.95 bp | 588.7 bp −$589 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 0.22 bp | 11.7 bp −$12 | 12.1 bp −$121 | 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 | −0.0002% | 1h | 1,617.2 | −0.375% | $1.2M | $618K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,713 | +5.524% | $1.4M | $266K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,662.8 | +2.433% | $754K | $205K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,648.8 | +1.570% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,613.9 | −0.581% | $44.6M | $18.2M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,618.4 | −0.300% | $5.4M | $4.7M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,620.4 | −0.179% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,619 | −0.267% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,621.4 | −0.115% | $79K | $234K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,619.4 | −0.244% | $1.6M | $511K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDT
Phemex OPENAIUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,679.7 | +3.474% | $2.7M | $6.1M | 5x | as long as short |
| BloFin OPENAI-USDTshort | +0.0040% | 8h | 1,619 | −0.268% | $472K | $295K | 20x | |
| Coinbase International OPENAI-PERP-INTX | +0.0040% | 1h | 1,624.3 | +0.062% | $226K | $162K | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,617.5 | −0.360% | $144K | $581K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,620.1 | −0.199% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,618 | −0.327% | $22.8M | $17.7M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,617.6 | −0.353% | $8.0M | $4.8M | 50x | as long as short |
| KuCoin OPENAIUSDTMlong | +0.0050% | 8h | 1,623.3 | long leg | $374K | $69K | 20x | |
| Variational Omni OPENAI | +0.0050% | 8h | 1,614.1 | −0.568% | $2.6M | $757K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,620.9 | −0.151% | $2K | $179K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,617.9 | −0.335% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0151% | 1h | 1,670.2 | +2.889% | $7.7M | $2.3M | 6x | as long as short |
Lighter RH OPENAI
Coinbase International OPENAI-PERP-INTX
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI