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: Gate against MEXC−0.222%7-day average −0.159% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$300.299% of the position
Funding, last 7 days−0.105%−$11 on $10k
+Price spread, last 7 days+0.028%+$3 · spread now −0.222%, 7d avg −0.159%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.063% cheaper against MEXC than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.159%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC OPENAI_USDT | 1,615.7 | 0.0050 | pay 0.0050% / 8h | 3h 14m | $13.0M | $3.2M | 50x |
| Short | Gate OPENAI_USDT | 1,612.1 | 0 | get 0.0000% / 8h | 3h 14m | $52.2M | $25.4M | 50x |
MEXC OPENAI_USDT
Gate OPENAI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.222% → −0.159%
- −$6.28
- Slippage, 4 orders
- −$14.88
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$46.66
- Costs to cover
- 0.299%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; Gate: 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 MEXC live order book, 4 min ago | 1.08 bp | 1.7 bp −$2 | 8.7 bp −$87 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 2.07 bp | 13.8 bp −$14 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit OPENAI_USDC-PERPETUAL | −0.0063% | 1h | 1,616.2 | +0.030% | — | $3 | 5x | as long as short |
| QFEX OPENAI-USD | −0.0001% | 1h | 1,615.7 | +0.002% | $1.2M | $580K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,708.2 | +5.723% | $1.4M | $265K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,658.5 | +2.649% | $753K | $206K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,648.3 | +2.018% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDTshort | 0.0000% | 8h | 1,612.1 | −0.222% | $52.2M | $25.4M | 50x | |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,617.6 | +0.116% | $5.4M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,618.2 | +0.155% | — | $2.4M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,616.9 | +0.075% | $79K | $221K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,615.1 | −0.036% | $1.6M | $535K | 10x | as long as short |
Deribit OPENAI_USDC-PERPETUAL
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,675.9 | +3.723% | $2.6M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,615.5 | −0.010% | $142K | $737K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,618.6 | +0.177% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,616 | +0.019% | $22.8M | $17.6M | 20x | as long as short |
| MEXC OPENAI_USDTlong | +0.0050% | 8h | 1,615.7 | long leg | $13.0M | $3.2M | 50x | |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,620.6 | +0.300% | $374K | $69K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,617.2 | +0.096% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,619.8 | +0.253% | $2K | $161K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0053% | 8h | 1,617.2 | +0.095% | $472K | $286K | 20x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0056% | 1h | 1,623.9 | +0.507% | $226K | $161K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,615.5 | −0.011% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0105% | 1h | 1,669.6 | +3.336% | $7.6M | $2.3M | 6x | as long as short |
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Coinbase International OPENAI-PERP-INTX
Aevo OPENAI-PERP
Entropy io:OAI