Funding you earn now, next payment 04:00 UTC+0.0006%/8h= +0.7% APRpaid last 24h +0.226%
Price spread now: Coinbase International against KuCoin−0.204%51s7-day average +0.371% · you buy dearer than you sell
Net, funding: paid 7d − costs−$3,472as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$3,54335.431% of the position
Funding, last 7 days+0.707%+$71 on $10k
+Price spread, last 4 days (all we have)+1.128%+$113 · spread now −0.204%, 7d avg +0.371%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.575% cheaper against KuCoin than usual: you would sell low and buy high, −$58 on $10k if it goes back to its 7-day average of +0.371%. The two prices were read 51 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 39m | $375K | $68K | 20x |
| Short | Coinbase International OPENAI-PERP-INTX | 1,622 | 0.0056 | get 0.0007% / 1h | 39m 16s | $226K | $162K | 5x |
KuCoin OPENAIUSDTM
Coinbase International OPENAI-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $1.26
- Price spread: −0.204% → +0.371%
- −$57.51
- Slippage, 4 orders
- −$3,521.14
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$3,599.39
- Costs to cover
- 35.431%
- Break-even
- 20003.6 days
Slippage from KuCoin: live order book, 33 min ago; Coinbase International: live order book, 14 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, 33 min ago | 7.75 bp | 576.6 bp −$577 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 14 min ago | 5.73 bp | 19.0 bp −$19 | 40.7 bp −$407 | 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 | 1,620.5 | −0.297% | $1.2M | $564K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,711.8 | +5.320% | $1.4M | $265K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,663.4 | +2.344% | $755K | $206K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,649.9 | +1.512% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,617.3 | −0.496% | $52.3M | $25.3M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,622.5 | −0.174% | $5.5M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,622.9 | −0.150% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,621.4 | −0.245% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,621.6 | −0.230% | $79K | $221K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,620.6 | −0.290% | $1.6M | $540K | 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 | 1,679 | +3.303% | $2.7M | $6.2M | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0038% | 8h | 1,621.3 | −0.250% | $473K | $286K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,620.1 | −0.325% | $141K | $737K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,627.4 | +0.127% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,620.4 | −0.300% | $22.9M | $17.7M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,620.6 | −0.289% | $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 | 1,620.9 | −0.271% | $2K | $157K | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTXshort | +0.0056% | 1h | 1,622 | −0.204% | $226K | $162K | 5x | |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,620.2 | −0.317% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0127% | 1h | 1,672.9 | +2.927% | $7.7M | $2.3M | 6x | as long as short |
Lighter RH OPENAI
BloFin OPENAI-USDT
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI