Funding you earn now, next payment 08:00 UTC−0.0025%/8h= −2.7% APRnext payment −$0.25 per $10,000 · paid last 24h +0.003%
Price spread now: MEXC against BloFin−0.039%64s7-day average −0.007% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.039%, 7d avg −0.007%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.032% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.007%). Swap the legs. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin OPENAI-USDT | 1,622.7 | 0.0075 | pay 0.0075% / 8h | 4h 08m | $475K | $287K | 20x |
| Short | MEXC OPENAI_USDT | 1,622.1 | 0.0050 | get 0.0050% / 8h | 4h 08m | $13.0M | $3.2M | 50x |
BloFin OPENAI-USDT
MEXC OPENAI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BloFin. 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
- −$5.23
- Price spread: −0.039% → −0.007%
- −$3.2
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$20.43
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 28 min ago; MEXC: live order book, just now. Net counts fees only.
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 BloFin live order book, 28 min ago | 1.41 bp | 13.6 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, just now | 1.26 bp | 4.0 bp −$4 | 27.7 bp −$277 | 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 | −0.0024% | 1h | 1,624.9 | +0.138% | $226K | $161K | 5x | as long as short |
| QFEX OPENAI-USD | −0.0004% | 1h | 1,622.3 | −0.025% | $1.2M | $549K | 10x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,663.8 | +2.532% | $755K | $207K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,652 | +1.806% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,618.7 | −0.243% | $52.4M | $28.1M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,623.6 | +0.058% | $5.5M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,623.3 | +0.038% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,621.9 | −0.048% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,623 | +0.020% | $79K | $220K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,622 | −0.040% | $1.6M | $546K | 10x | as long as short |
Coinbase International OPENAI-PERP-INTX
QFEX OPENAI-USD
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
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 OPENAI | +0.0008% | 1h | 1,713.1 | +5.572% | $1.4M | $266K | 5x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,680.7 | +3.574% | $2.7M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,621.8 | −0.053% | $141K | $740K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,627.8 | +0.313% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,622.2 | −0.033% | $22.9M | $17.9M | 20x | as long as short |
| MEXC OPENAI_USDTshort | +0.0050% | 8h | 1,622.1 | −0.039% | $13.0M | $3.2M | 50x | |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,625.3 | +0.163% | $375K | $70K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,622.4 | −0.019% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,622.2 | −0.027% | $2K | $151K | 10x | as long as short |
| BloFin OPENAI-USDTlong | +0.0075% | 8h | 1,622.7 | long leg | $475K | $287K | 20x | |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,622.1 | −0.034% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0231% | 1h | 1,675 | +3.224% | $7.7M | $2.3M | 6x | as long as short |
Lighter OPENAI
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI