Funding you earn now, next payment 06:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.001%
Price spread now: Extended against KuCoin−0.020%7-day average −0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs−$3,550as in the Funding arb table
Net, price: spread back to 7d avg − costs−$3,541as in the Price arb table
costs, in and out, $10k−$3,55035.498% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.020%, 7d avg −0.104%
=Together, before fees+0.068%+ Points / potential airdropExtended: Active · farm board+$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.084% dearer against KuCoin than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.104%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin OPENAIUSDTM | 1,619.2 | 0.0050 | pay 0.0050% / 8h | 2h 09m | $372K | $70K | 20x |
| Short | Extended OPENAI-USD | 1,618.9 | 0.0048 | get 0.0006% / 1h | 9m 11s | $141K | $896K | 10x |
KuCoin OPENAIUSDTM
Extended OPENAI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$0.42
- Price spread: −0.020% → −0.104%
- $8.44
- Slippage, 4 orders
- −$3,532.81
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$3,541.79
- Costs to cover
- 35.498%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 49 min ago; Extended: live order book, 39 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, 49 min ago | 8.00 bp | 603.3 bp −$603 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 39 min ago | 4.03 bp | 33.4 bp −$33 | 267.5 bp −$2,675 | 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 | 1,619.1 | −0.004% | $1.2M | $607K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,710.7 | +5.652% | $1.4M | $265K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,660.1 | +2.523% | $753K | $205K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,647.1 | +1.724% | $5.1M | $1.4M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,615.8 | −0.207% | $52.3M | $19.7M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,620.3 | +0.068% | $5.4M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,619.3 | +0.007% | — | $2.4M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,620.2 | +0.062% | $79K | $226K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,618.7 | −0.033% | $1.6M | $522K | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0016% | 1h | 1,618.6 | −0.036% | $226K | $161K | 5x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Phemex OPENAIUSDT
Coinbase International OPENAI-PERP-INTXShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,677.8 | +3.617% | $2.7M | $6.2M | 5x | as long as short |
| Extended OPENAI-USDshort | +0.0048% | 1h | 1,618.9 | −0.020% | $141K | $896K | 10x | |
| BloFin OPENAI-USDT | +0.0049% | 8h | 1,620 | +0.047% | $470K | $291K | 20x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,623.4 | +0.259% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,619.5 | +0.016% | $22.9M | $17.5M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,619.4 | +0.013% | $13.1M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTMlong | +0.0050% | 8h | 1,619.2 | long leg | $372K | $70K | 20x | |
| Variational Omni OPENAI | +0.0050% | 8h | 1,616.6 | −0.159% | $2.6M | $760K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,616.6 | −0.157% | $2K | $170K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,619 | −0.010% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0150% | 1h | 1,667.4 | +2.977% | $7.7M | $2.3M | 6x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | +0.0236% | 1h | 1,619.7 | +0.034% | — | $3 | 5x | as long as short |
Lighter RH OPENAI
BloFin OPENAI-USDT
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI
Deribit OPENAI_USDC-PERPETUAL