Funding you earn now, next payment 16:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.015%
Price spread now: Bybit against MEXC+2.021%7-day average +2.856% · you sell dearer than you buy
Net, funding: paid 7d − costs−$248as in the Funding arb table
Net, price: spread back to 7d avg − costs−$321as in the Price arb table
costs, in and out, $10k−$2382.377% of the position
Funding, last 7 days−0.105%−$11 on $10k
+Price spread, last 4 days (all we have)+0.585%+$58 · spread now +2.021%, 7d avg +2.856%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.835% cheaper against MEXC than usual: you would sell low and buy high (−$83 if the spread goes back to its 7-day average of +2.856%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC OPENAI_USDT | 1,656.8 | 0.0050 | pay 0.0050% / 8h | 4h 48m | $6.7M | $2.5M | 50x |
| Short | Bybit OPENAIUSDT | 1,690.3 | 0 | get 0.0000% / 8h | 4h 48m | $720K | $314K | 25x |
MEXC OPENAI_USDT
Bybit OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: +2.021% → +2.856%
- −$83.46
- Slippage, 4 orders
- −$226.67
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$331.63
- Costs to cover
- 2.377%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 min ago; Bybit: live order book, 54 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, 2 min ago | 3.02 bp | 10.0 bp −$10 | 42.8 bp −$428 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 54 min ago | 15.23 bp | 92.3 bp −$92 | 514.0 bp −$5,140 | doesn't fit | doesn't fit |
OPENAI on 22 exchanges
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 | −0.0001% | 1h | 1,656.4 | −0.021% | $1.2M | $700K | 10x | as long as short |
| Bybit OPENAIUSDTshort | 0.0000% | 8h | 1,690.3 | +2.021% | $720K | $314K | 25x | |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,683.5 | +1.613% | $5.2M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,652.8 | −0.238% | $51.5M | $18.5M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,656.7 | −0.007% | $5.6M | $3.7M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,656.8 | +0.002% | — | $1.6M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,659.4 | +0.158% | $81K | $172K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,656.8 | +0.002% | $1.7M | $508K | 10x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,706.3 | +2.988% | $2.8M | $6.3M | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0035% | 8h | 1,656.2 | −0.035% | $489K | $341K | 20x | as long as short |
QFEX OPENAI-USD
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Phemex OPENAIUSDT
Lighter RH OPENAI
BloFin OPENAI-USDTShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended OPENAI-USD | +0.0048% | 1h | 1,656.4 | −0.022% | $144K | $908K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,659.5 | +0.167% | $217K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,656.2 | −0.036% | $23.4M | $18.8M | 20x | as long as short |
| MEXC OPENAI_USDTlong | +0.0050% | 8h | 1,656.8 | long leg | $6.7M | $2.5M | 50x | |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,663.7 | +0.417% | $390K | $315K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,658.4 | +0.098% | $2.6M | $774K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,659.1 | +0.138% | $2K | $174K | 10x | as long as short |
| Lighter OPENAI | +0.0080% | 1h | 1,741.1 | +5.090% | $1.5M | $272K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,656.1 | −0.039% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0698% | 1h | 1,698.1 | +2.495% | $7.9M | $2.6M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.1008% | 1h | 1,665.7 | +0.537% | $234K | $181K | 5x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | +0.4422% | 1h | 1,657.7 | +0.057% | $3K | $3K | 5x | as long as short |
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Lighter OPENAI
Aevo OPENAI-PERP
Entropy io:OAI
Coinbase International OPENAI-PERP-INTX
Deribit OPENAI_USDC-PERPETUAL