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: OKX against KuCoin+1.497%7-day average +1.936% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,180as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,213as in the Price arb table
costs, in and out, $10k−$1,16911.694% of the position
Funding, last 7 days−0.105%−$11 on $10k
+Price spread, last 4 days (all we have)+0.414%+$41 · spread now +1.497%, 7d avg +1.936%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.440% cheaper against KuCoin than usual: you would sell low and buy high (−$44 if the spread goes back to its 7-day average of +1.936%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin OPENAIUSDTM | 1,626.2 | 0.0050 | pay 0.0050% / 8h | 6h 39m | $377K | $68K | 20x |
| Short | OKX OPENAI-USDT-SWAP | 1,650.5 | 0 | get 0.0000% / 8h | 6h 39m | $5.1M | $1.3M | 20x |
KuCoin OPENAIUSDTM
OKX OPENAI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +1.497% → +1.936%
- −$43.96
- Slippage, 4 orders
- −$1,147.37
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$1,223.83
- Costs to cover
- 11.694%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 72 min ago; OKX: live order book, 3 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, 72 min ago | 6.72 bp | 581.4 bp −$581 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 3.93 bp | 42.3 bp −$42 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit OPENAI_USDC-PERPETUAL | −0.0238% | 1h | 1,621.9 | −0.261% | — | $3 | 5x | as long as short |
| QFEX OPENAI-USD | −0.0004% | 1h | 1,621.8 | −0.266% | $1.2M | $407K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,710.5 | +5.188% | $1.4M | $280K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,666.7 | +2.493% | $764K | $205K | 25x | as long as short |
| OKX OPENAI-USDT-SWAPshort | 0.0000% | 8h | 1,650.5 | +1.497% | $5.1M | $1.3M | 20x | |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,619.1 | −0.437% | $52.4M | $31.8M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,623.5 | −0.163% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,623.1 | −0.188% | — | $2.5M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,624.7 | −0.088% | $79K | $216K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,621.9 | −0.261% | $1.6M | $562K | 10x | as long as short |
Deribit OPENAI_USDC-PERPETUAL
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Phemex OPENAIUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OPENAI-PERP-INTX | +0.0024% | 1h | 1,624.5 | −0.105% | $222K | $155K | 5x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,676.3 | +3.085% | $2.7M | $6.1M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,622 | −0.258% | $136K | $717K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,628.1 | +0.122% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,622.3 | −0.234% | $22.9M | $18.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,621.9 | −0.264% | $13.1M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTMlong | +0.0050% | 8h | 1,626.2 | long leg | $377K | $68K | 20x | |
| Variational Omni OPENAI | +0.0050% | 8h | 1,623.9 | −0.136% | $2.6M | $761K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,624.7 | −0.087% | $2K | $137K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0059% | 8h | 1,629.3 | +0.191% | $477K | $280K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,621.9 | −0.263% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0106% | 1h | 1,671.3 | +2.776% | $7.4M | $2.1M | 6x | as long as short |
Coinbase International OPENAI-PERP-INTX
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