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: Bitget against KuCoin+0.150%7-day average −0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,173as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,138as 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)−0.140%−$14 · spread now +0.150%, 7d avg −0.090%
=The price spread pays, funding is against you. Bitget is 0.240% dearer against KuCoin than usual: you sell high and buy low (spread +0.150% now, against its 7-day average of −0.090%): +$24 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 16 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin OPENAIUSDTM | 1,616 | 0.0050 | pay 0.0050% / 8h | 7m 56s | $373K | $74K | 20x |
| Short | Bitget OPENAIUSDT | 1,618.5 | 0 | get 0.0000% / 8h | 7m 56s | $5.4M | $4.5M | 20x |
KuCoin OPENAIUSDTM
Bitget OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against KuCoin. 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: +0.150% → −0.090%
- $23.98
- Slippage, 4 orders
- −$1,138.11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$1,148.64
- Costs to cover
- 11.621%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 25 min ago; Bitget: live order book, 5 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 KuCoin live order book, 25 min ago | 27.33 bp | 631.1 bp −$631 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 1.73 bp | 61.0 bp −$61 | 108.0 bp −$1,080 | 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 | +0.015% | $1.2M | $626K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,705.8 | +5.557% | $1.4M | $269K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,656.4 | +2.500% | $736K | $269K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,645.1 | +1.799% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,616 | +0.001% | $45.5M | $14.1M | 50x | as long as short |
| Bitget OPENAIUSDTshort | 0.0000% | 8h | 1,618.5 | +0.150% | $5.4M | $4.5M | 20x | |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,616.2 | +0.011% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,617.7 | +0.104% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,618.8 | +0.170% | $79K | $225K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,617.1 | +0.065% | $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 | 1,672.8 | +3.510% | $2.7M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,616.1 | +0.007% | $142K | $806K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,619.5 | +0.213% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,616.7 | +0.040% | $22.8M | $16.7M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,617.3 | +0.079% | $6.6M | $5.0M | 50x | as long as short |
| KuCoin OPENAIUSDTMlong | +0.0050% | 8h | 1,616 | long leg | $373K | $74K | 20x | |
| Variational Omni OPENAI | +0.0050% | 8h | 1,615.5 | −0.035% | $2.6M | $760K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,616.3 | +0.018% | $2K | $176K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0063% | 8h | 1,615.3 | −0.045% | $475K | $294K | 20x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0072% | 1h | 1,623.7 | +0.477% | $235K | $174K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,616.5 | +0.027% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0123% | 1h | 1,665.1 | +3.036% | $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