Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.015%
Price spread now: OKX against KuCoin+1.682%7-day average +1.934% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,156as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,171as in the Price arb table
costs, in and out, $10k−$1,14611.458% of the position
Funding, last 7 days−0.105%−$11 on $10k
+Price spread, last 4 days (all we have)+0.001%$0 · spread now +1.682%, 7d avg +1.934%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.251% cheaper against KuCoin than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +1.934%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin OPENAIUSDTM | 1,624.6 | 0.0050 | pay 0.0050% / 8h | 5h 22m | $374K | $71K | 20x |
| Short | OKX OPENAI-USDT-SWAP | 1,651.9 | 0 | get 0.0000% / 8h | 5h 22m | $5.1M | $1.3M | 20x |
KuCoin OPENAIUSDTM
OKX OPENAI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$10.5
- Price spread: +1.682% → +1.934%
- −$25.15
- Slippage, 4 orders
- −$1,123.78
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$1,181.43
- Costs to cover
- 11.458%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 74 min ago; OKX: live order book, 5 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, 74 min ago | 13.85 bp | 636.5 bp −$636 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.61 bp | 47.2 bp −$47 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OPENAI-PERP-INTX | −0.0104% | 1h | 1,622.5 | −0.128% | $225K | $159K | 5x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,708.2 | +5.145% | $1.4M | $269K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,664.6 | +2.463% | $760K | $205K | 25x | as long as short |
| OKX OPENAI-USDT-SWAPshort | 0.0000% | 8h | 1,651.9 | +1.682% | $5.1M | $1.3M | 20x | |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,619.8 | −0.292% | $52.4M | $28.7M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,624.4 | −0.010% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,622.5 | −0.127% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,624.8 | +0.015% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,623.8 | −0.050% | $79K | $216K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,622.5 | −0.130% | $1.6M | $542K | 10x | as long as short |
Coinbase International OPENAI-PERP-INTX
Lighter OPENAI
Bybit OPENAIUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX OPENAI-USD | 0.0000% | 1h | 1,622.9 | −0.104% | $1.2M | $478K | 10x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,675.3 | +3.122% | $2.7M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,622.6 | −0.122% | $135K | $722K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,629.1 | +0.279% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,623 | −0.096% | $22.9M | $17.8M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,623.1 | −0.090% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTMlong | +0.0050% | 8h | 1,624.6 | long leg | $374K | $71K | 20x | |
| Variational Omni OPENAI | +0.0050% | 8h | 1,622.5 | −0.126% | $2.6M | $754K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,622.3 | −0.139% | $2K | $140K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0070% | 8h | 1,623.7 | −0.055% | $476K | $276K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,622.6 | −0.124% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0147% | 1h | 1,667.2 | +2.624% | $7.4M | $2.1M | 6x | as long as short |
QFEX OPENAI-USD
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Aevo OPENAI-PERP
Entropy io:OAI