Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against MEXC+0.200%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$995as in the Funding arb table

Net, price: spread back to 7d avg − costs−$982as in the Price arb table

costs, in and out, $10k−$9959.948% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.362%−$36 · spread now +0.200%, 7d avg +0.068%

Together, before fees−0.362%−$36 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.133% dearer against MEXC than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC OPENAI_USDT	1,617.2	0.0050	pay 0.0050% / 8h	1h 41m	$13.0M	$3.2M	50x
Short	KuCoin OPENAIUSDTM	1,620.5	0.0050	get 0.0050% / 8h	1h 41m	$372K	$69K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.200%Rate

Funding earned: $0
Price spread: +0.200% → +0.068%: $13.28
Slippage, 4 orders: −$982.82
Fee MEXC: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$981.54
Costs to cover: 9.948%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; KuCoin: live order book, 1 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, 1 min ago	1.05 bp	1.9 bp −$2	10.1 bp −$101	1132.9 bp −$113.3K	doesn't fit
Sell KuCoin live order book, 1 min ago	6.95 bp	402.6 bp −$403	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	−0.0002%	1h	1,617.4	+0.008%	$1.2M	$607K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,711.8	+5.849%	$1.4M	$264K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,659.1	+2.588%	$753K	$205K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,648	+1.903%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,614	−0.198%	$52.3M	$18.1M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,618.9	+0.102%	$5.4M	$4.6M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,619.1	+0.116%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,617.9	+0.040%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,618.4	+0.073%	$79K	$226K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,617.4	+0.012%	$1.6M	$511K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH OPENAI	+0.0032%	1h	1,679.4	+3.847%	$2.7M	$6.0M	5x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.0040%	1h	1,625	+0.484%	$226K	$162K	5x	as long as short
BloFin OPENAI-USDT	+0.0041%	8h	1,617.6	+0.022%	$474K	$289K	20x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,617.2	−0.001%	$144K	$828K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,621	+0.236%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,617.5	+0.020%	$22.8M	$16.9M	20x	as long as short
MEXC OPENAI_USDTlong	+0.0050%	8h	1,617.2	long leg	$13.0M	$3.2M	50x
KuCoin OPENAIUSDTMshort	+0.0050%	8h	1,620.5	+0.200%	$372K	$69K	20x
Variational Omni OPENAI	+0.0050%	8h	1,617.3	+0.007%	$2.6M	$757K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,618.8	+0.097%	$2K	$176K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,617.1	−0.008%	—	—	10x	as long as short
Entropy io:OAI	+0.0126%	1h	1,669.6	+3.239%	$7.7M	$2.3M	6x	as long as short