OPENAI

Alert: funding

Alert: spread

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: Gate against MEXC−0.180%7-day average −0.159% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$11 on $10k

Price spread, last 7 days−0.014%−$1 · spread now −0.180%, 7d avg −0.159%

Together, before fees−0.119%−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.021% cheaper against MEXC than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.159%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC OPENAI_USDT	1,623.1	0.0050	pay 0.0050% / 8h	6h 01m	$13.1M	$3.2M	50x
Short	Gate OPENAI_USDT	1,620.2	0	get 0.0000% / 8h	6h 01m	$52.4M	$31.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee GatebpOrdersPrice spread, now −0.180%Rate

Funding earned: −$10.5
Price spread: −0.180% → −0.159%: −$2.1
Slippage, 4 orders: −$10.94
Fee MEXC: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$38.55
Costs to cover: 0.259%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Gate: live order book, 2 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	0.77 bp	2.2 bp −$2	21.4 bp −$214	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	1.26 bp	9.2 bp −$9	345.8 bp −$3,458	doesn't fit	doesn't fit

OPENAI on 21 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	−0.0004%	1h	1,623.4	+0.019%	$1.2M	$432K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,709	+5.292%	$1.4M	$280K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,666.2	+2.656%	$764K	$203K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,651.4	+1.743%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDTshort	0.0000%	8h	1,620.2	−0.180%	$52.4M	$31.9M	50x
Bitget OPENAIUSDT	0.0000%	8h	1,624.8	+0.101%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,625	+0.116%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,624.9	+0.109%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,623.4	+0.020%	$79K	$216K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,622.9	−0.014%	$1.6M	$549K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International OPENAI-PERP-INTX	+0.0024%	1h	1,623.3	+0.009%	$224K	$158K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,675	+3.198%	$2.6M	$6.3M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,623.1	+0.001%	$131K	$720K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,633.8	+0.660%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,623.5	+0.026%	$22.9M	$18.1M	20x	as long as short
MEXC OPENAI_USDTlong	+0.0050%	8h	1,623.1	long leg	$13.1M	$3.2M	50x
KuCoin OPENAIUSDTM	+0.0050%	8h	1,621.7	−0.086%	$374K	$71K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,622.1	−0.063%	$2.6M	$759K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622	−0.071%	$2K	$138K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,623.4	+0.017%	—	—	10x	as long as short
Entropy io:OAI	+0.0109%	1h	1,668.3	+2.784%	$7.4M	$2.1M	6x	as long as short