Funding you earn now, next payment 06:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h +0.049%
Price spread now: Entropy against KuCoin+2.974%50s7-day average +4.350% · you sell dearer than you buy
Net, funding: paid 7d − costs−$3,508as 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−$3,55735.571% of the position
Funding, last 7 days+0.493%+$49 on $10k
+Price spread, last 4 days (all we have)+2.623%+$262 · spread now +2.974%, 7d avg +4.350%
=Funding pays, the price is against you. Entropy is 1.376% cheaper against KuCoin than usual: you would sell low and buy high (spread +2.974% now, against its 7-day average of +4.350%). If the spread goes back, that is −$138 on $10k: about 43 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.493% in total) that is about 20 days. The two prices were read 50 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 | 1,619.9 | 0.0050 | pay 0.0050% / 8h | 2h 07m | $373K | $70K | 20x |
| Short | Entropy io:OAI | 1,668.1 | 0.0156 | get 0.0020% / 1h | 7m 55s | $7.7M | $2.3M | 6x |
KuCoin OPENAIUSDTM
Entropy io:OAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy 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
- $22.27
- Price spread: +2.974% → +4.350%
- −$137.59
- Slippage, 4 orders
- −$3,527.07
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$3,672.39
- Costs to cover
- 35.571%
- Break-even
- 1161.4 days
Slippage from KuCoin: live order book, 50 min ago; Entropy: live order book, 9 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, 50 min ago | 8.00 bp | 603.3 bp −$603 | doesn't fit | doesn't fit | doesn't fit |
| Sell Entropy live order book, 9 min ago | 1.50 bp | 39.3 bp −$39 | 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 | −0.0005% | 1h | 1,619.7 | −0.017% | $1.2M | $607K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,711 | +5.624% | $1.4M | $265K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,659.2 | +2.423% | $753K | $205K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,648.2 | +1.746% | $5.1M | $1.4M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,615.6 | −0.265% | $52.3M | $19.7M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,619.6 | −0.020% | $5.4M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,619.5 | −0.026% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,619.1 | −0.054% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,620.2 | +0.019% | $79K | $226K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,618.3 | −0.103% | $1.6M | $522K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OPENAI-PERP-INTX | +0.0016% | 1h | 1,622.8 | +0.178% | $226K | $162K | 5x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,677.9 | +3.579% | $2.7M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,618.9 | −0.064% | $141K | $896K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0049% | 8h | 1,620 | +0.002% | $470K | $291K | 20x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,623.4 | +0.216% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,619.3 | −0.036% | $22.9M | $17.5M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,618.9 | −0.065% | $13.0M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTMlong | +0.0050% | 8h | 1,619.9 | long leg | $373K | $70K | 20x | |
| Variational Omni OPENAI | +0.0050% | 8h | 1,616.6 | −0.204% | $2.6M | $760K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,616.6 | −0.202% | $2K | $170K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,619.4 | −0.033% | — | — | 10x | as long as short |
| Entropy io:OAIshort | +0.0156% | 1h | 1,668.1 | +2.974% | $7.7M | $2.3M | 6x |
Coinbase International OPENAI-PERP-INTX
Lighter RH OPENAI
Extended OPENAI-USD
BloFin OPENAI-USDT
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP