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: KuCoin against OKX−1.619%7-day average −1.949% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,093as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,071as in the Price arb table

costs, in and out, $10k−$1,10411.040% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.244%−$24 · spread now −1.619%, 7d avg −1.949%

Together, before fees−0.139%−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.330% dearer against OKX than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of −1.949%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX OPENAI-USDT-SWAP	1,654.5	0	get 0.0000% / 8h	41m 24s	$5.1M	$1.4M	20x
Short	KuCoin OPENAIUSDTM	1,627.7	0.0050	get 0.0050% / 8h	41m 24s	$376K	$64K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now −1.619%Rate

Funding earned: $10.5
Price spread: −1.619% → −1.949%: $32.98
Slippage, 4 orders: −$1,082
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,060.52
Costs to cover: 11.040%
Break-even: 714.0 days

Slippage from OKX: live order book, 1 min ago; KuCoin: live order book, 20 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 OKX live order book, 1 min ago	1.21 bp	37.9 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 20 min ago	6.67 bp	460.4 bp −$460	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	1,625.7	−1.742%	$236K	$143K	5x	as long as short
QFEX OPENAI-USD	−0.0010%	1h	1,623	−1.903%	$1.2M	$387K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,703.4	+2.954%	$1.4M	$286K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,669.3	+0.895%	$764K	$220K	25x	as long as short
OKX OPENAI-USDT-SWAPlong	0.0000%	8h	1,654.5	long leg	$5.1M	$1.4M	20x
Gate OPENAI_USDT	0.0000%	8h	1,621.3	−2.004%	$52.7M	$39.4M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,624.7	−1.801%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,623.6	−1.868%	—	$2.6M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,623.7	−1.863%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,621.6	−1.987%	$79K	$213K	20x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex OPENAIUSDT	0.0000%	8h	1,623	−1.902%	$1.6M	$560K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,675.7	+1.283%	$2.6M	$6.2M	5x	as long as short
BloFin OPENAI-USDT	+0.0041%	8h	1,623.5	−1.875%	$470K	$276K	20x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,622.8	−1.916%	$131K	$667K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,628.2	−1.590%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,622.9	−1.908%	$23.1M	$18.8M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,623.5	−1.875%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTMshort	+0.0050%	8h	1,627.7	−1.619%	$376K	$64K	20x
Variational Omni OPENAI	+0.0050%	8h	1,623	−1.902%	$2.6M	$753K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,623.1	−1.900%	$2K	$141K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,623	−1.903%	—	—	10x	as long as short
Entropy io:OAI	+0.0237%	1h	1,665.7	+0.677%	$7.4M	$2.2M	6x	as long as short