Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h —
Price spread now: Deribit against MEXC+0.103%52s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 14 hours (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Deribit is 0.103% dearer against MEXC than usual: you sell high and buy low (spread +0.103% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.9 days. The two prices were read 52 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 | MEXC OPENAI_USDT | 1,626.8 | 0.0050 | pay 0.0050% / 8h | 6h 56m | $13.1M | $3.2M | 50x |
| Short | Deribit OPENAI_USDC-PERPETUAL | 1,628.5 | 0 | get 0.0000% / 1h | 56m 30s | — | $3 | 5x |
MEXC OPENAI_USDT
Deribit OPENAI_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against MEXC. 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: +0.103% → 0.000%
- $10.33
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$7.17
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: MEXC: live order book, 7 min ago; Deribit: no order-book sample. Net counts fees only.
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 MEXC live order book, 7 min ago | 1.14 bp | 2.9 bp −$3 | 13.5 bp −$135 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0004% | 1h | 1,626.8 | +0.002% | $1.2M | $422K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,713.3 | +5.319% | $1.4M | $280K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,669.5 | +2.625% | $767K | $205K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,657 | +1.858% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,623.4 | −0.208% | $52.5M | $31.7M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,628.4 | +0.101% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,628.3 | +0.093% | — | $2.5M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUALshort | 0.0000% | 1h | 1,628.5 | +0.103% | — | $3 | 5x | |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,628.1 | +0.079% | $79K | $215K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,626.7 | −0.006% | $1.6M | $561K | 10x | 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 OPENAIUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OPENAI-PERP-INTX | +0.0024% | 1h | 1,627.9 | +0.070% | $223K | $153K | 5x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,680.6 | +3.305% | $2.7M | $6.1M | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0037% | 8h | 1,628 | +0.075% | $474K | $279K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,626.8 | +0.001% | $132K | $716K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,634.9 | +0.497% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,627.2 | +0.023% | $23.1M | $19.0M | 20x | as long as short |
| MEXC OPENAI_USDTlong | +0.0050% | 8h | 1,626.8 | long leg | $13.1M | $3.2M | 50x | |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,631.6 | +0.296% | $377K | $67K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,628.8 | +0.127% | $2.6M | $757K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,628.8 | +0.127% | $2K | $138K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,627.2 | +0.023% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0184% | 1h | 1,673.7 | +2.884% | $7.4M | $2.2M | 6x | as long as short |
Coinbase International OPENAI-PERP-INTX
Lighter RH OPENAI
BloFin OPENAI-USDT
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI