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: Gate against KuCoin−0.482%7-day average −0.247% · you buy dearer than you sell

Net, funding: paid 7d − costs−$3,565as in the Funding arb table

Net, price: spread back to 7d avg − costs−$3,578as in the Price arb table

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

Long on KuCoin Short on Gate

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)+0.487%+$49 · spread now −0.482%, 7d avg −0.247%

Together, before fees+0.382%+$38 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.236% cheaper against KuCoin than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.247%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin OPENAIUSDTM	1,619.4	0.0050	pay 0.0050% / 8h	2h 28m	$373K	$69K	20x
Short	Gate OPENAI_USDT	1,611.6	0	get 0.0000% / 8h	2h 28m	$52.2M	$19.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.482%Rate

Funding earned: −$10.5
Price spread: −0.482% → −0.247%: −$23.56
Slippage, 4 orders: −$3,527.86
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$3,588.91
Costs to cover: 35.549%
Break-even: never at this rate

Slippage from KuCoin: live order book, 29 min ago; Gate: live order book, 5 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, 29 min ago	8.00 bp	603.3 bp −$603	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	2.76 bp	52.4 bp −$52	1362.6 bp −$13.6K	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	1,615.1	−0.262%	$1.2M	$604K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,707.3	+5.431%	$1.4M	$264K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,658	+2.383%	$753K	$204K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,642.6	+1.434%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDTshort	0.0000%	8h	1,611.6	−0.482%	$52.2M	$19.7M	50x
Bitget OPENAIUSDT	0.0000%	8h	1,616.1	−0.203%	$5.4M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,616.8	−0.159%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,614.8	−0.284%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,616.2	−0.198%	$79K	$222K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,614.5	−0.301%	$1.6M	$522K	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	1,620.9	+0.095%	$226K	$161K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,674.3	+3.390%	$2.6M	$6.2M	5x	as long as short
BloFin OPENAI-USDT	+0.0045%	8h	1,614.7	−0.292%	$472K	$287K	20x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,614.7	−0.288%	$142K	$895K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,619	−0.021%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,615.2	−0.260%	$22.8M	$17.3M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,614.9	−0.276%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTMlong	+0.0050%	8h	1,619.4	long leg	$373K	$69K	20x
Variational Omni OPENAI	+0.0050%	8h	1,614.7	−0.289%	$2.6M	$757K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,614.6	−0.298%	$2K	$167K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,614.9	−0.275%	—	—	10x	as long as short
Entropy io:OAI	+0.0117%	1h	1,665.1	+2.823%	$7.6M	$2.3M	6x	as long as short