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: Phemex against MEXC+0.009%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1371.367% of the position

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.018%+$2 · spread now +0.009%, 7d avg −0.008%

Together, before fees−0.087%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC OPENAI_USDT	1,631.7	0.0050	pay 0.0050% / 8h	17m 43s	$13.1M	$3.1M	50x
Short	Phemex OPENAIUSDT	1,631.9	0	get 0.0000% / 8h	17m 43s	$1.6M	$558K	10x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee MEXCbpFee PhemexbpOrdersPrice spread, now +0.009%Rate

Slippage from MEXC: live order book, 1 min ago; Phemex: live order book, 5 min ago.

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 Phemex live order book, 5 min ago	5.53 bp	70.3 bp −$70	doesn't fit	doesn't fit	doesn't fit

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	1,630.2	−0.094%	$235K	$149K	5x	as long as short
QFEX OPENAI-USD	−0.0010%	1h	1,629.9	−0.111%	$1.2M	$387K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,710.2	+4.811%	$1.4M	$287K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,676.3	+2.734%	$772K	$211K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,662.4	+1.881%	$5.1M	$1.4M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,629.2	−0.154%	$52.7M	$39.6M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,633.9	+0.137%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,632.1	+0.024%	—	$2.6M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,630.2	−0.092%	$79K	$214K	20x	as long as short
Phemex OPENAIUSDTshort	0.0000%	8h	1,631.9	+0.009%	$1.6M	$558K	10x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin OPENAI-USDT	+0.0032%	8h	1,629.4	−0.142%	$473K	$277K	20x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,682.7	+3.124%	$2.6M	$6.3M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,630.3	−0.087%	$131K	$667K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,635.8	+0.248%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,631.2	−0.031%	$23.2M	$18.8M	20x	as long as short
MEXC OPENAI_USDTlong	+0.0050%	8h	1,631.7	long leg	$13.1M	$3.1M	50x
KuCoin OPENAIUSDTM	+0.0050%	8h	1,633	+0.080%	$377K	$63K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,629.4	−0.141%	$2.6M	$751K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,627.7	−0.249%	$2K	$140K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,630.3	−0.087%	—	—	10x	as long as short
Entropy io:OAI	+0.0249%	1h	1,672.9	+2.524%	$7.4M	$2.2M	6x	as long as short
Deribit OPENAI_USDC-PERPETUAL	+0.1172%	1h	1,633.1	+0.082%	—	$3	5x	as long as short