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 MEXC+1.803%7-day average +2.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$171as in the Price arb table
costs, in and out, $10k−$1501.504% of the position
Funding, last 7 days−0.105%−$11 on $10k
+Price spread, last 7 days+0.168%+$17 · spread now +1.803%, 7d avg +2.012%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.209% cheaper against MEXC than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +2.012%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC OPENAI_USDT | 1,618 | 0.0050 | pay 0.0050% / 8h | 57m 36s | $6.7M | $5.0M | 50x |
| Short | OKX OPENAI-USDT-SWAP | 1,647.2 | 0 | get 0.0000% / 8h | 57m 36s | $5.1M | $1.3M | 20x |
MEXC OPENAI_USDT
OKX OPENAI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +1.803% → +2.012%
- −$20.91
- Slippage, 4 orders
- −$140.36
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$181.77
- Costs to cover
- 1.504%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 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 MEXC live order book, 5 min ago | 6.71 bp | 29.8 bp −$30 | 55.6 bp −$556 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 3.96 bp | 57.1 bp −$57 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX OPENAI-USD | −0.0005% | 1h | 1,617.9 | −0.006% | $1.2M | $621K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,711.1 | +5.750% | $1.4M | $266K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,658.1 | +2.476% | $738K | $263K | 25x | as long as short |
| OKX OPENAI-USDT-SWAPshort | 0.0000% | 8h | 1,647.2 | +1.803% | $5.1M | $1.3M | 20x | |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,615.9 | −0.135% | $45.0M | $13.4M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,618.5 | +0.028% | $5.4M | $4.6M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,619.1 | +0.066% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,618.4 | +0.024% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,619.3 | +0.080% | $79K | $227K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,617.6 | −0.028% | $1.6M | $514K | 10x | as long as short |
QFEX OPENAI-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,677.1 | +3.653% | $2.6M | $6.0M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,617.6 | −0.026% | $141K | $649K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,620.9 | +0.175% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,618 | +0.001% | $22.8M | $17.9M | 20x | as long as short |
| MEXC OPENAI_USDTlong | +0.0050% | 8h | 1,618 | long leg | $6.7M | $5.0M | 50x | |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,620.1 | +0.129% | $375K | $70K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,617 | −0.062% | $2.6M | $757K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,616.6 | −0.088% | $2K | $180K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0066% | 8h | 1,618.5 | +0.030% | $473K | $302K | 20x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0072% | 1h | 1,620.1 | +0.128% | $226K | $165K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,617.9 | −0.008% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0170% | 1h | 1,668.8 | +3.138% | $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