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 Bybit−2.333%7-day average −2.892% · you buy dearer than you sell
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1751.752% of the position
Funding, last 7 days+0.105%+$11 on $10k
+Price spread, last 4 days (all we have)−0.299%−$30 · spread now −2.333%, 7d avg −2.892%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.559% dearer against Bybit than usual: you sell high and buy low: +$56 more if the spread goes back to its 7-day average of −2.892%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit OPENAIUSDT | 1,656.4 | 0 | get 0.0000% / 8h | 6m 52s | $736K | $269K | 25x |
| Short | MEXC OPENAI_USDT | 1,617.8 | 0.0050 | get 0.0050% / 8h | 6m 52s | $6.6M | $5.0M | 50x |
Bybit OPENAIUSDT
MEXC OPENAI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Bybit. 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: −2.333% → −2.892%
- $55.88
- Slippage, 4 orders
- −$164.23
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$108.85
- Costs to cover
- 1.752%
- Break-even
- 79.6 days
Slippage from Bybit: live order book, 28 min ago; MEXC: live order book, 1 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 Bybit live order book, 28 min ago | 13.90 bp | 28.1 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 7.67 bp | 24.2 bp −$24 | 47.3 bp −$473 | 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 | 1,617 | −2.380% | $1.2M | $626K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,706.3 | +3.009% | $1.4M | $269K | 5x | as long as short |
| Bybit OPENAIUSDTlong | 0.0000% | 8h | 1,656.4 | long leg | $736K | $269K | 25x | |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,645.1 | −0.684% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,616.3 | −2.421% | $45.5M | $14.1M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,618.5 | −2.289% | $5.4M | $4.5M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,617.7 | −2.338% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,618.4 | −2.297% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,618.8 | −2.274% | $79K | $225K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,617.3 | −2.365% | $1.6M | $502K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
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 RH OPENAI | +0.0032% | 1h | 1,673.1 | +1.009% | $2.7M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,617.1 | −2.377% | $142K | $806K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,620.3 | −2.183% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,617.4 | −2.354% | $22.9M | $16.7M | 20x | as long as short |
| MEXC OPENAI_USDTshort | +0.0050% | 8h | 1,617.8 | −2.333% | $6.6M | $5.0M | 50x | |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,616.2 | −2.429% | $373K | $74K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,615.5 | −2.473% | $2.6M | $760K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,616.3 | −2.421% | $2K | $176K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0070% | 8h | 1,617.8 | −2.334% | $476K | $295K | 20x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0072% | 1h | 1,623.7 | −1.974% | $235K | $174K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,617.5 | −2.348% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0123% | 1h | 1,665.1 | +0.523% | $7.6M | $2.3M | 6x | as long as short |
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Coinbase International OPENAI-PERP-INTX
Aevo OPENAI-PERP
Entropy io:OAI