Settings8H · net · $10k
Funding arb · Price arb /

OPENAI

RWAall OPENAI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against MEXC+0.052%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$700.702% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days−0.048%−$5 · spread now +0.052%, 7d avg +0.016%
Together, before fees−0.048%−$5 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: Binance is 0.035% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC OPENAI_USDT1,657.30.0050pay 0.0050% / 8h4h 57m$6.7M$2.5M50x
ShortBinance OPENAIUSDT1,658.20.0050get 0.0050% / 8h4h 57m$23.5M$18.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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

Funding earned
$0
Price spread: +0.052% → +0.016%
$3.51
Slippage, 4 orders
−$60.15
Fee MEXC: 0 bp × 2 orders
$0
Fee Binance: 5 bp × 2 orders
−$10
Net
−$66.64
Costs to cover
0.702%
Break-even
never at this rate
Slippage from MEXC: live order book, 4 min ago; Binance: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 4 min ago1.39 bp28.7 bp −$2956.1 bp −$561doesn't fitdoesn't fit
Sell Binance live order book, 7 min ago0.49 bp11.8 bp −$1251.7 bp −$517193.3 bp −$19.3Kdoesn't fit

OPENAI on 22 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX OPENAI-USD−0.0001%1h1,656.3−0.060%$1.2M$695K10xas long as short
Bybit OPENAIUSDT0.0000%8h1,687.7+1.834%$718K$316K25xas long as short
OKX OPENAI-USDT-SWAP0.0000%8h1,679.7+1.352%$5.2M$1.3M20xas long as short
Gate OPENAI_USDT0.0000%8h1,654.1−0.196%$50.8M$17.0M50xas long as short
Bitget OPENAIUSDT0.0000%8h1,657.7+0.022%$5.6M$3.6M20xas long as short
SunX OPENAI-USDT0.0000%8h1,653.8−0.211%$1.6M10xas long as short
HTX OPENAI-USDT0.0000%8h1,650.5−0.410%$80K$173K20xas long as short
Phemex OPENAIUSDT0.0000%8h1,658.3+0.060%$1.7M$508K10xas long as short
Lighter RH OPENAI+0.0032%1h1,702+2.697%$2.8M$6.3M5xas long as short
Lighter OPENAI+0.0048%1h1,735+4.691%$1.4M$264K5xas long as short
Show all 22 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended OPENAI-USD+0.0048%1h1,657.5+0.012%$144K$806K10xas long as short
Aster OPENAIUSDT+0.0050%8h1,659.9+0.154%$216K$3K20xas long as short
Binance OPENAIUSDTshort+0.0050%8h1,658.2+0.052%$23.5M$18.3M20x
MEXC OPENAI_USDTlong+0.0050%8h1,657.3long leg$6.7M$2.5M50x
KuCoin OPENAIUSDTM+0.0050%8h1,662+0.284%$388K$306K20xas long as short
Variational Omni OPENAI+0.0050%8h1,650.9−0.388%$2.6M$773Kas long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,647.2−0.610%$2K$171K10xas long as short
BloFin OPENAI-USDT+0.0078%8h1,657.7+0.024%$491K$332K20xas long as short
Aevo OPENAI-PERP+0.0104%1h1,653.7−0.219%10xas long as short
Entropy io:OAI+0.0751%1h1,688.7+1.895%$7.8M$2.5M6xas long as short
Coinbase International OPENAI-PERP-INTX+0.1008%1h1,656.5−0.048%$233K$178K5xas long as short
Deribit OPENAI_USDC-PERPETUAL+0.7173%1h1,655.4−0.115%$3K$3K5xas long as short