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: KuCoin against Bitget−0.139%7-day average +0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,185as in the Price arb table
costs, in and out, $10k−$1,16211.621% of the position
Funding, last 7 days+0.105%+$11 on $10k
+Price spread, last 4 days (all we have)+0.129%+$13 · spread now −0.139%, 7d avg +0.090%
=Funding pays, the price is against you. KuCoin is 0.229% cheaper against Bitget than usual: you would sell low and buy high (spread −0.139% now, against its 7-day average of +0.090%). If the spread goes back, that is −$23 on $10k: about 15 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget OPENAIUSDT | 1,618.4 | 0 | get 0.0000% / 8h | 7m 41s | $5.4M | $4.5M | 20x |
| Short | KuCoin OPENAIUSDTM | 1,616.2 | 0.0050 | get 0.0050% / 8h | 7m 41s | $373K | $74K | 20x |
Bitget OPENAIUSDT
KuCoin OPENAIUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bitget. 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: −0.139% → +0.090%
- −$22.91
- Slippage, 4 orders
- −$1,138.11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,174.52
- Costs to cover
- 11.621%
- Break-even
- 790.0 days
Slippage from Bitget: live order book, 5 min ago; KuCoin: live order book, 25 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 Bitget live order book, 5 min ago | 1.73 bp | 36.4 bp −$36 | 47.4 bp −$474 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 25 min ago | 27.33 bp | 433.6 bp −$434 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX OPENAI-USD | −0.0005% | 1h | 1,616.3 | −0.133% | $1.2M | $626K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,706.1 | +5.415% | $1.4M | $269K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,656.4 | +2.349% | $736K | $269K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,645.1 | +1.649% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,616.3 | −0.133% | $45.5M | $14.1M | 50x | as long as short |
| Bitget OPENAIUSDTlong | 0.0000% | 8h | 1,618.4 | long leg | $5.4M | $4.5M | 20x | |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,616.2 | −0.137% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,617.7 | −0.044% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,618.8 | +0.022% | $79K | $225K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,617.1 | −0.083% | $1.6M | $502K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDT
Phemex OPENAIUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,673 | +3.369% | $2.7M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,616.6 | −0.110% | $142K | $806K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,619.7 | +0.079% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,616.9 | −0.097% | $22.9M | $16.7M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,617.5 | −0.058% | $6.6M | $5.0M | 50x | as long as short |
| KuCoin OPENAIUSDTMshort | +0.0050% | 8h | 1,616.2 | −0.139% | $373K | $74K | 20x | |
| Variational Omni OPENAI | +0.0050% | 8h | 1,615.5 | −0.183% | $2.6M | $760K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,616.3 | −0.130% | $2K | $176K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0063% | 8h | 1,615.3 | −0.192% | $475K | $294K | 20x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0072% | 1h | 1,623.7 | +0.329% | $235K | $174K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,616.5 | −0.121% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0123% | 1h | 1,665.1 | +2.884% | $7.6M | $2.3M | 6x | as long as short |
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Coinbase International OPENAI-PERP-INTX
Aevo OPENAI-PERP
Entropy io:OAI