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: HTX against KuCoin−0.068%7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,091as in the Price arb table
costs, in and out, $10k−$1,09310.933% of the position
Funding, last 7 days−0.293%−$29 on $10k
+Price spread, last 3 days (all we have)−0.128%−$13 · spread now −0.068%, 7d avg −0.092%
=The price spread pays, funding is against you. HTX is 0.024% dearer against KuCoin than usual: you sell high and buy low (spread −0.068% now, against its 7-day average of −0.092%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 7 days (−0.293% in total) that is about 14 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin OPENAIUSDTM | 1,628 | 0.0050 | pay 0.0050% / 8h | 35m 55s | $377K | $63K | 20x |
| Short | HTX OPENAI-USDT | 1,626.9 | 0 | get 0.0000% / 8h | 35m 55s | $79K | $213K | 20x |
KuCoin OPENAIUSDTM
HTX OPENAI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$10.5
- Price spread: −0.068% → −0.092%
- $2.38
- Slippage, 4 orders
- −$1,069.34
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$1,101.46
- Costs to cover
- 10.933%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 26 min ago; HTX: live order book, 40 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, 26 min ago | 6.67 bp | 567.9 bp −$568 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX live order book, 40 min ago | 4.14 bp | 46.0 bp −$46 | 72.2 bp −$722 | 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 | 1,629 | +0.065% | $236K | $145K | 5x | as long as short |
| QFEX OPENAI-USD | −0.0010% | 1h | 1,625.9 | −0.128% | $1.2M | $387K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,705.8 | +4.783% | $1.4M | $286K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,671.2 | +2.653% | $765K | $219K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,654.8 | +1.649% | $5.1M | $1.4M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,624.6 | −0.205% | $52.6M | $39.5M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,628.3 | +0.020% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,626.9 | −0.065% | — | $2.6M | 10x | as long as short |
| HTX OPENAI-USDTshort | 0.0000% | 8h | 1,626.9 | −0.068% | $79K | $213K | 20x | |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,626.6 | −0.086% | $1.6M | $558K | 10x | as long as short |
Coinbase International OPENAI-PERP-INTX
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX 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 | 1,678.2 | +3.083% | $2.6M | $6.3M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,625.8 | −0.132% | $131K | $667K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,631.6 | +0.223% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,626 | −0.122% | $23.1M | $18.8M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,627 | −0.059% | $13.0M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTMlong | +0.0050% | 8h | 1,628 | long leg | $377K | $63K | 20x | |
| Variational Omni OPENAI | +0.0050% | 8h | 1,626.8 | −0.073% | $2.6M | $752K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,623.2 | −0.293% | $2K | $141K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0052% | 8h | 1,626 | −0.118% | $472K | $275K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,626.1 | −0.117% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0262% | 1h | 1,667.9 | +2.453% | $7.4M | $2.2M | 6x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | +0.0347% | 1h | 1,627.6 | −0.022% | — | $3 | 5x | as long as short |
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Aevo OPENAI-PERP
Entropy io:OAI
Deribit OPENAI_USDC-PERPETUAL