Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.203%
Price spread now: HTX against MEXC+0.029%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$350.346% of the position
Funding, last 7 days−0.293%−$29 on $10k
+Price spread, last 3 days (all we have)−0.094%−$9 · spread now +0.029%, 7d avg −0.018%
=The price spread pays, funding is against you. HTX is 0.047% dearer against MEXC than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.018%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.2 days. At the pace of the last 7 days (−0.293% in total) that is about 27 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC OPENAI_USDT | 1,622.4 | 0.0050 | pay 0.0050% / 8h | 6h 38m | $13.1M | $3.2M | 50x |
| Short | HTX OPENAI-USDT | 1,622.8 | 0 | get 0.0000% / 8h | 6h 38m | $79K | $216K | 20x |
MEXC OPENAI_USDT
HTX OPENAI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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: +0.029% → −0.018%
- $4.74
- Slippage, 4 orders
- −$22.55
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$40.31
- Costs to cover
- 0.346%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; HTX: live order book, 28 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, 5 min ago | 0.40 bp | 0.8 bp −$1 | 1.7 bp −$17 | doesn't fit | doesn't fit |
| Sell HTX live order book, 28 min ago | 3.59 bp | 16.2 bp −$16 | 23.8 bp −$238 | 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 | −0.027% | — | $3 | 5x | as long as short |
| QFEX OPENAI-USD | −0.0004% | 1h | 1,622.1 | −0.016% | $1.2M | $410K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,708.4 | +5.305% | $1.4M | $280K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,666.2 | +2.700% | $764K | $205K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,650.3 | +1.722% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,619.7 | −0.163% | $52.4M | $31.8M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,623.6 | +0.076% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,623.1 | +0.046% | — | $2.5M | 10x | as long as short |
| HTX OPENAI-USDTshort | 0.0000% | 8h | 1,622.8 | +0.029% | $79K | $216K | 20x | |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,621.8 | −0.033% | $1.6M | $562K | 10x | as long as short |
Deribit OPENAI_USDC-PERPETUAL
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX 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 | +0.129% | $222K | $155K | 5x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,675.9 | +3.298% | $2.7M | $6.1M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,621.7 | −0.039% | $136K | $717K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,627.9 | +0.339% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,622.2 | −0.011% | $22.9M | $18.9M | 20x | as long as short |
| MEXC OPENAI_USDTlong | +0.0050% | 8h | 1,622.4 | long leg | $13.1M | $3.2M | 50x | |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,626.2 | +0.234% | $377K | $69K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,623.9 | +0.098% | $2.6M | $761K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,624.7 | +0.147% | $2K | $137K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0059% | 8h | 1,629.3 | +0.425% | $477K | $280K | 20x | as long as short |
| Entropy io:OAI | +0.0098% | 1h | 1,670.8 | +2.986% | $7.4M | $2.1M | 6x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,621.9 | −0.029% | — | — | 10x | as long as short |
Coinbase International OPENAI-PERP-INTX
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