Funding you earn now, next payment 00:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h +0.245%
Price spread now: Coinbase International against MEXC−0.058%51s7-day average +0.464% · you buy dearer than you sell
Net, funding: paid 7d − costs+$15as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$500.498% of the position
Funding, last 7 days+0.649%+$65 on $10k
+Price spread, last 3 days (all we have)+1.130%+$113 · spread now −0.058%, 7d avg +0.464%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.522% cheaper against MEXC than usual: you would sell low and buy high (−$52 if the spread goes back to its 7-day average of +0.464%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.649%, so the current rate has only just turned against you. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC OPENAI_USDT | 1,629 | 0.0050 | pay 0.0050% / 8h | 7h 29m | $13.1M | $3.2M | 50x |
| Short | Coinbase International OPENAI-PERP-INTX | 1,628.1 | −0.0024 | pay 0.0003% / 1h | 29m 24s | $228K | $146K | 5x |
MEXC OPENAI_USDT
Coinbase International OPENAI-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$15.54
- Price spread: −0.058% → +0.464%
- −$52.23
- Slippage, 4 orders
- −$39.83
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$117.6
- Costs to cover
- 0.498%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; Coinbase International: live order book, 44 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 | 0.95 bp | 1.8 bp −$2 | 7.9 bp −$79 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 44 min ago | 7.26 bp | 21.5 bp −$22 | 48.2 bp −$482 | 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-INTXshort | −0.0024% | 1h | 1,628.1 | −0.058% | $228K | $146K | 5x | |
| QFEX OPENAI-USD | 0.0000% | 1h | 1,629 | 0.000% | $1.2M | $416K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,710.8 | +5.018% | $1.4M | $283K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,671.8 | +2.626% | $769K | $208K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,660 | +1.902% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,626.4 | −0.161% | $52.6M | $39.2M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,629.3 | +0.018% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,628.5 | −0.032% | — | $2.6M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,628 | −0.061% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,630.2 | +0.072% | $79K | $214K | 20x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,628.6 | −0.025% | $1.6M | $560K | 10x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,682.6 | +3.288% | $2.7M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,628.7 | −0.022% | $133K | $949K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,635.7 | +0.408% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,629 | −0.001% | $23.1M | $18.9M | 20x | as long as short |
| MEXC OPENAI_USDTlong | +0.0050% | 8h | 1,629 | long leg | $13.1M | $3.2M | 50x | |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,637.1 | +0.495% | $379K | $65K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,628.8 | −0.014% | $2.6M | $753K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,627.7 | −0.081% | $2K | $138K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0061% | 8h | 1,628.7 | −0.020% | $475K | $278K | 20x | as long as short |
| Entropy io:OAI | +0.0100% | 1h | 1,674.6 | +2.798% | $7.4M | $2.2M | 6x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,628.7 | −0.022% | — | — | 10x | as long as short |
Phemex OPENAIUSDT
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Entropy io:OAI
Aevo OPENAI-PERP