Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against KuCoin−0.127%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,083as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,089as in the Price arb table

costs, in and out, $10k−$1,08310.827% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.265%+$27 · spread now −0.127%, 7d avg −0.062%

Together, before fees+0.265%+$27 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: MEXC is 0.065% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin OPENAIUSDTM	1,624.3	0.0050	pay 0.0050% / 8h	6h 14m	$376K	$67K	20x
Short	MEXC OPENAI_USDT	1,622.2	0.0050	get 0.0050% / 8h	6h 14m	$13.0M	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee MEXCbpOrdersPrice spread, now −0.127%Rate

Funding earned: $0
Price spread: −0.127% → −0.062%: −$6.5
Slippage, 4 orders: −$1,070.69
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$1,089.19
Costs to cover: 10.827%
Break-even: never at this rate

Slippage from KuCoin: live order book, 22 min ago; MEXC: live order book, 4 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, 22 min ago	13.85 bp	636.5 bp −$636	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.99 bp	1.8 bp −$2	16.2 bp −$162	doesn't fit	doesn't fit

OPENAI on 21 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	−0.0004%	1h	1,622.6	−0.105%	$1.2M	$424K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,707.6	+5.130%	$1.4M	$280K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,666.6	+2.608%	$764K	$205K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,654	+1.830%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,619.2	−0.310%	$52.4M	$31.9M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,624.1	−0.012%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,623.8	−0.029%	—	$2.5M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,623.1	−0.075%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,623.2	−0.068%	$79K	$216K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,622.3	−0.124%	$1.6M	$556K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International OPENAI-PERP-INTX	+0.0024%	1h	1,624	−0.016%	$222K	$157K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,674.8	+3.109%	$2.6M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,622.1	−0.131%	$131K	$722K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,628.4	+0.254%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,622.5	−0.110%	$22.9M	$18.6M	20x	as long as short
MEXC OPENAI_USDTshort	+0.0050%	8h	1,622.2	−0.127%	$13.0M	$3.2M	50x
KuCoin OPENAIUSDTMlong	+0.0050%	8h	1,624.3	long leg	$376K	$67K	20x
Variational Omni OPENAI	+0.0050%	8h	1,622.7	−0.098%	$2.6M	$759K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622.4	−0.113%	$2K	$139K	10x	as long as short
Entropy io:OAI	+0.0099%	1h	1,668	+2.692%	$7.4M	$2.2M	6x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,622.4	−0.116%	—	—	10x	as long as short