OPENAI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.015%

Price spread now: MEXC against Phemex+0.031%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1361.360% of the position

Long on Phemex Short on MEXC

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)−0.135%−$13 · spread now +0.031%, 7d avg +0.009%

Together, before fees−0.030%−$3 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 MEXC is 0.022% dearer against Phemex than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex OPENAIUSDT	1,622	0	get 0.0000% / 8h	5h 29m	$1.6M	$543K	10x
Short	MEXC OPENAI_USDT	1,622.5	0.0050	get 0.0050% / 8h	5h 29m	$13.0M	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Phemex. 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 PhemexbpFee MEXCbpOrdersPrice spread, now +0.031%Rate

Funding earned: $10.5
Price spread: +0.031% → +0.009%: $2.21
Slippage, 4 orders: −$123.99
Fee Phemex: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$123.28
Costs to cover: 1.360%
Break-even: 89.2 days

Slippage from Phemex: live order book, 4 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 Phemex live order book, 4 min ago	1.88 bp	56.8 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.95 bp	1.0 bp −$1	5.1 bp −$51	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	−0.0104%	1h	1,622.5	+0.030%	$225K	$159K	5x	as long as short
Lighter OPENAI	0.0000%	1h	1,708.5	+5.335%	$1.4M	$269K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,664.3	+2.605%	$761K	$204K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,651.1	+1.794%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,619.3	−0.169%	$52.4M	$28.7M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,623.9	+0.119%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,623.4	+0.086%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,624.5	+0.152%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,623	+0.059%	$78K	$216K	20x	as long as short
Phemex OPENAIUSDTlong	0.0000%	8h	1,622	long leg	$1.6M	$543K	10x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX OPENAI-USD	0.0000%	1h	1,622.6	+0.037%	$1.2M	$473K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,675.8	+3.319%	$2.7M	$6.2M	5x	as long as short
BloFin OPENAI-USDT	+0.0041%	8h	1,622.3	+0.021%	$475K	$277K	20x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,622.4	+0.025%	$135K	$725K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,628.3	+0.386%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,622.6	+0.038%	$22.9M	$17.8M	20x	as long as short
MEXC OPENAI_USDTshort	+0.0050%	8h	1,622.5	+0.031%	$13.0M	$3.2M	50x
KuCoin OPENAIUSDTM	+0.0050%	8h	1,623.3	+0.078%	$374K	$71K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,624	+0.122%	$2.6M	$754K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622.3	+0.016%	$2K	$139K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,622.3	+0.019%	—	—	10x	as long as short
Entropy io:OAI	+0.0142%	1h	1,667.1	+2.781%	$7.4M	$2.1M	6x	as long as short