Funding you earn now, next payment 16:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.015%
Price spread now: KuCoin against Gate+0.404%7-day average +0.246% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,038as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,033as in the Price arb table
costs, in and out, $10k−$1,04910.488% of the position
Funding, last 7 days+0.105%+$11 on $10k
+Price spread, last 4 days (all we have)−0.346%−$35 · spread now +0.404%, 7d avg +0.246%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.158% dearer against Gate than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.246%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate OPENAI_USDT | 1,632.7 | 0 | get 0.0000% / 8h | 5h 43m | $49.2M | $15.4M | 50x |
| Short | KuCoin OPENAIUSDTM | 1,639.3 | 0.0050 | get 0.0050% / 8h | 5h 43m | $381K | $232K | 20x |
Gate OPENAI_USDT
KuCoin OPENAIUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Gate. 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: +0.404% → +0.246%
- $15.79
- Slippage, 4 orders
- −$1,021.78
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,022.49
- Costs to cover
- 10.488%
- Break-even
- 688.7 days
Slippage from Gate: live order book, 3 min ago; KuCoin: live order book, 60 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 Gate live order book, 3 min ago | 0.03 bp | 16.0 bp −$16 | 120.7 bp −$1,207 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 60 min ago | 5.94 bp | 458.4 bp −$458 | doesn't fit | doesn't fit | doesn't fit |
OPENAI on 22 exchanges
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 | −0.0003% | 1h | 1,634.8 | +0.127% | $1.2M | $657K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,714.7 | +5.021% | $1.4M | $274K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,670.2 | +2.297% | $717K | $288K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,661.9 | +1.790% | $5.1M | $1.2M | 20x | as long as short |
| Gate OPENAI_USDTlong | 0.0000% | 8h | 1,632.7 | long leg | $49.2M | $15.4M | 50x | |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,635.9 | +0.198% | $5.4M | $3.6M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,635 | +0.142% | — | $1.7M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,634.5 | +0.113% | $3K | $3K | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,634.9 | +0.135% | $80K | $159K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,635.2 | +0.154% | $1.6M | $503K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDT
Phemex OPENAIUSDTShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,683.1 | +3.088% | $2.8M | $6.3M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,634.4 | +0.106% | $142K | $812K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,637.5 | +0.295% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,635 | +0.140% | $23.1M | $17.3M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,634.1 | +0.086% | $6.7M | $2.5M | 50x | as long as short |
| KuCoin OPENAIUSDTMshort | +0.0050% | 8h | 1,639.3 | +0.404% | $381K | $232K | 20x | |
| Variational Omni OPENAI | +0.0050% | 8h | 1,635 | +0.140% | $2.6M | $770K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,633.4 | +0.046% | $2K | $169K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0062% | 8h | 1,634.7 | +0.126% | $484K | $322K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,634.8 | +0.128% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0181% | 1h | 1,673.1 | +2.476% | $7.6M | $2.4M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0712% | 1h | 1,641.5 | +0.538% | $231K | $176K | 5x | 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
Aevo OPENAI-PERP
Entropy io:OAI
Coinbase International OPENAI-PERP-INTX