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: MEXC against OKX−1.916%7-day average −2.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$830.832% of the position
Funding, last 7 days+0.105%+$11 on $10k
+Price spread, last 7 days−0.252%−$25 · spread now −1.916%, 7d avg −2.028%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.112% dearer against OKX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −2.028%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX OPENAI-USDT-SWAP | 1,657.9 | 0 | get 0.0000% / 8h | 1h 49m | $5.1M | $1.4M | 20x |
| Short | MEXC OPENAI_USDT | 1,626.1 | 0.0050 | get 0.0050% / 8h | 1h 49m | $12.9M | $3.1M | 50x |
OKX OPENAI-USDT-SWAP
MEXC OPENAI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against OKX. 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: −1.916% → −2.028%
- $11.18
- Slippage, 4 orders
- −$73.21
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$61.53
- Costs to cover
- 0.832%
- Break-even
- 48.0 days
Slippage from OKX: live order book, 3 min ago; MEXC: live order book, 4 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, 3 min ago | 0.90 bp | 41.6 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.71 bp | 1.7 bp −$2 | 17.5 bp −$175 | 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 | −0.0005% | 1h | 1,625.6 | −1.949% | $1.2M | $371K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,695 | +2.238% | $1.4M | $289K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,672.3 | +0.867% | $760K | $225K | 25x | as long as short |
| OKX OPENAI-USDT-SWAPlong | 0.0000% | 8h | 1,657.9 | long leg | $5.1M | $1.4M | 20x | |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,622.8 | −2.118% | $52.8M | $40.6M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,627.5 | −1.831% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,627.3 | −1.846% | — | $2.6M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,626.1 | −1.916% | $79K | $213K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,625.9 | −1.933% | $1.6M | $583K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0021% | 8h | 1,626.6 | −1.888% | $474K | $295K | 20x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Phemex OPENAIUSDT
BloFin OPENAI-USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,664.7 | +0.408% | $2.5M | $6.2M | 5x | as long as short |
| Entropy io:OAI | +0.0047% | 1h | 1,661.7 | +0.229% | $7.3M | $2.2M | 6x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,625.3 | −1.964% | $132K | $670K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,633.6 | −1.465% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,625.7 | −1.940% | $23.1M | $21.0M | 20x | as long as short |
| MEXC OPENAI_USDTshort | +0.0050% | 8h | 1,626.1 | −1.916% | $12.9M | $3.1M | 50x | |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,636.1 | −1.314% | $377K | $66K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,625.7 | −1.939% | $2.6M | $757K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,626.9 | −1.870% | $2K | $153K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,625.7 | −1.942% | — | — | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | +0.0131% | 1h | 1,629.1 | −1.736% | — | $3 | 5x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0456% | 1h | 1,628.6 | −1.766% | $237K | $106K | 5x | as long as short |
Lighter RH OPENAI
Entropy io:OAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Deribit OPENAI_USDC-PERPETUAL
Coinbase International OPENAI-PERP-INTX