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 MEXC+0.150%7-day average −0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1301.300% of the position
Funding, last 7 days−0.105%−$11 on $10k
+Price spread, last 7 days−0.250%−$25 · spread now +0.150%, 7d avg −0.053%
=The price spread pays, funding is against you. Bitget is 0.204% dearer against MEXC than usual: you sell high and buy low (spread +0.150% now, against its 7-day average of −0.053%): +$20 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 14 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC OPENAI_USDT | 1,616.1 | 0.0050 | pay 0.0050% / 8h | 38m 35s | $6.6M | $5.0M | 50x |
| Short | Bitget OPENAIUSDT | 1,618.5 | 0 | get 0.0000% / 8h | 38m 35s | $5.4M | $4.4M | 20x |
MEXC OPENAI_USDT
Bitget OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against MEXC. 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: +0.150% → −0.053%
- $20.35
- Slippage, 4 orders
- −$117.96
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$120.1
- Costs to cover
- 1.300%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; Bitget: 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 MEXC live order book, 4 min ago | 4.24 bp | 30.7 bp −$31 | 58.0 bp −$580 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 1.51 bp | 48.5 bp −$49 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX OPENAI-USD | −0.0005% | 1h | 1,616.4 | +0.023% | $1.2M | $617K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,707.1 | +5.635% | $1.4M | $268K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,658.1 | +2.599% | $738K | $262K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,646.1 | +1.859% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,615.2 | −0.051% | $45.3M | $13.7M | 50x | as long as short |
| Bitget OPENAIUSDTshort | 0.0000% | 8h | 1,618.5 | +0.150% | $5.4M | $4.4M | 20x | |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,617.9 | +0.114% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,616.5 | +0.029% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,617.2 | +0.074% | $79K | $225K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,616.7 | +0.040% | $1.6M | $509K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin OPENAI-USDT | +0.0030% | 8h | 1,616.1 | +0.006% | $474K | $296K | 20x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,671.8 | +3.447% | $2.6M | $6.0M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,616.3 | +0.014% | $142K | $808K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,619.1 | +0.188% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,616.7 | +0.040% | $22.8M | $16.9M | 20x | as long as short |
| MEXC OPENAI_USDTlong | +0.0050% | 8h | 1,616.1 | long leg | $6.6M | $5.0M | 50x | |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,619.9 | +0.240% | $375K | $68K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,616.7 | +0.039% | $2.6M | $758K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,616.4 | +0.024% | $2K | $181K | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0072% | 1h | 1,622.8 | +0.417% | $226K | $165K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,616.4 | +0.024% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0124% | 1h | 1,666.3 | +3.109% | $7.6M | $2.3M | 6x | as long as short |
BloFin OPENAI-USDT
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Coinbase International OPENAI-PERP-INTX
Aevo OPENAI-PERP
Entropy io:OAI