Funding you earn now, next payment 08:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.003%
Price spread now: BloFin against KuCoin−0.293%95s7-day average −0.072% · 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)+0.138%+$14 · spread now −0.293%, 7d avg −0.072%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.221% cheaper against KuCoin than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.072%). Swap the legs. The two prices were read 95 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 | KuCoin OPENAIUSDTM | 1,625.3 | 0.0050 | pay 0.0050% / 8h | 3h 37m | $375K | $68K | 20x |
| Short | BloFin OPENAI-USDT | 1,620.6 | 0.0037 | get 0.0037% / 8h | 3h 37m | $473K | $286K | 20x |
KuCoin OPENAIUSDTM
BloFin OPENAI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$2.7
- Price spread: −0.293% → −0.072%
- −$22.11
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$48.81
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 35 min ago; BloFin: live order book, 58 min ago. 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 KuCoin live order book, 35 min ago | 7.75 bp | 576.6 bp −$577 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 58 min ago | 1.41 bp | doesn't fit | 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 | −0.0001% | 1h | 1,620.1 | −0.319% | $1.2M | $563K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,711.7 | +5.314% | $1.4M | $265K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,662.7 | +2.299% | $754K | $206K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,649.3 | +1.475% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,617.1 | −0.507% | $52.3M | $25.3M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,622.5 | −0.177% | $5.5M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,622.2 | −0.193% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,620.6 | −0.289% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,621.3 | −0.250% | $79K | $222K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,620.3 | −0.309% | $1.6M | $539K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
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 RH OPENAI | +0.0032% | 1h | 1,678.8 | +3.288% | $2.7M | $6.2M | 5x | as long as short |
| BloFin OPENAI-USDTshort | +0.0037% | 8h | 1,620.6 | −0.293% | $473K | $286K | 20x | |
| Extended OPENAI-USD | +0.0048% | 1h | 1,619.7 | −0.348% | $141K | $737K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,626.8 | +0.088% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,620.1 | −0.319% | $22.8M | $17.7M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,620.3 | −0.310% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTMlong | +0.0050% | 8h | 1,625.3 | long leg | $375K | $68K | 20x | |
| Variational Omni OPENAI | +0.0050% | 8h | 1,620.2 | −0.317% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,620.7 | −0.285% | $2K | $157K | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0056% | 1h | 1,623.9 | −0.089% | $226K | $162K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,620 | −0.329% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0125% | 1h | 1,672.7 | +2.914% | $7.7M | $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
Coinbase International OPENAI-PERP-INTX
Aevo OPENAI-PERP
Entropy io:OAI