OPENAI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.015%

Price spread now: OKX against MEXC+1.861%7-day average +2.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$790.785% of the position

Long on MEXC Short on OKX

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+0.315%+$31 · spread now +1.861%, 7d avg +2.027%

Together, before fees+0.210%+$21 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 OKX is 0.165% cheaper against MEXC than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +2.027%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC OPENAI_USDT	1,632	0.0050	pay 0.0050% / 8h	16m 54s	$13.1M	$3.1M	50x
Short	OKX OPENAI-USDT-SWAP	1,662.4	0	get 0.0000% / 8h	16m 54s	$5.1M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +1.861%Rate

Funding earned: −$10.5
Price spread: +1.861% → +2.027%: −$16.52
Slippage, 4 orders: −$68.52
Fee MEXC: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$105.55
Costs to cover: 0.785%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; OKX: 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	0.95 bp	1.3 bp −$1	1.9 bp −$19	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	2.11 bp	40.2 bp −$40	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
Coinbase International OPENAI-PERP-INTX	−0.0168%	1h	1,632.3	+0.014%	$236K	$149K	5x	as long as short
QFEX OPENAI-USD	−0.0010%	1h	1,631.2	−0.050%	$1.2M	$387K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,710.5	+4.809%	$1.4M	$287K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,675.6	+2.668%	$771K	$211K	25x	as long as short
OKX OPENAI-USDT-SWAPshort	0.0000%	8h	1,662.4	+1.861%	$5.1M	$1.4M	20x
Gate OPENAI_USDT	0.0000%	8h	1,629.5	−0.153%	$52.8M	$39.6M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,633.5	+0.093%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,632.6	+0.036%	—	$2.6M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,630.2	−0.111%	$79K	$214K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,631.3	−0.043%	$1.6M	$558K	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	1,682.8	+3.113%	$2.6M	$6.3M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,631.6	−0.027%	$132K	$667K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,637	+0.308%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,631.9	−0.008%	$23.2M	$18.8M	20x	as long as short
MEXC OPENAI_USDTlong	+0.0050%	8h	1,632	long leg	$13.1M	$3.1M	50x
KuCoin OPENAIUSDTM	+0.0050%	8h	1,633.3	+0.080%	$377K	$63K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,629.4	−0.160%	$2.6M	$751K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,628.1	−0.241%	$2K	$140K	10x	as long as short
BloFin OPENAI-USDT	+0.0054%	8h	1,631.3	−0.045%	$474K	$278K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,631.3	−0.043%	—	—	10x	as long as short
Entropy io:OAI	+0.0249%	1h	1,672.9	+2.505%	$7.4M	$2.2M	6x	as long as short
Deribit OPENAI_USDC-PERPETUAL	+0.0908%	1h	1,633	+0.058%	—	$3	5x	as long as short