OPENAI

Alert: funding

Alert: spread

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: MEXC against OKX−1.812%7-day average −2.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$410.406% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$11 on $10k

Price spread, last 7 days−0.207%−$21 · spread now −1.812%, 7d avg −2.016%

Together, before fees−0.102%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.204% dearer against OKX than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −2.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX OPENAI-USDT-SWAP	1,652	0	get 0.0000% / 8h	4h 07m	$5.1M	$1.3M	20x
Short	MEXC OPENAI_USDT	1,622.1	0.0050	get 0.0050% / 8h	4h 07m	$13.0M	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against OKX. 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

Position, each leg$Hold fordaysFee OKXbpFee MEXCbpOrdersPrice spread, now −1.812%Rate

Funding earned: $10.5
Price spread: −1.812% → −2.016%: $20.37
Slippage, 4 orders: −$30.58
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$9.7
Costs to cover: 0.406%
Break-even: 13.5 days

Slippage from OKX: live order book, 5 min ago; MEXC: live order book, 1 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 OKX live order book, 5 min ago	0.61 bp	14.2 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.26 bp	4.0 bp −$4	27.7 bp −$277	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	−0.0024%	1h	1,624.9	−1.639%	$226K	$161K	5x	as long as short
QFEX OPENAI-USD	−0.0004%	1h	1,622.3	−1.799%	$1.2M	$549K	10x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,663.8	+0.711%	$755K	$207K	25x	as long as short
OKX OPENAI-USDT-SWAPlong	0.0000%	8h	1,652	long leg	$5.1M	$1.3M	20x
Gate OPENAI_USDT	0.0000%	8h	1,618.7	−2.018%	$52.4M	$28.1M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,623.6	−1.720%	$5.5M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,623.3	−1.737%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,621.9	−1.821%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,623	−1.754%	$79K	$220K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,622	−1.814%	$1.6M	$546K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter OPENAI	+0.0008%	1h	1,713.1	+3.696%	$1.4M	$266K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,680.6	+1.732%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,621.7	−1.835%	$141K	$740K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,627.7	−1.471%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,622	−1.813%	$22.9M	$17.9M	20x	as long as short
MEXC OPENAI_USDTshort	+0.0050%	8h	1,622.1	−1.812%	$13.0M	$3.2M	50x
KuCoin OPENAIUSDTM	+0.0050%	8h	1,625.3	−1.614%	$375K	$70K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,622.4	−1.793%	$2.6M	$766K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622.2	−1.801%	$2K	$151K	10x	as long as short
BloFin OPENAI-USDT	+0.0075%	8h	1,622.7	−1.774%	$475K	$287K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,622.1	−1.808%	—	—	10x	as long as short
Entropy io:OAI	+0.0229%	1h	1,674.9	+1.386%	$7.7M	$2.3M	6x	as long as short