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 Bitget−0.118%7-day average +0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$800.798% of the position

Long on Bitget 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+0.146%+$15 · spread now −0.118%, 7d avg +0.056%

Together, before fees+0.251%+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.174% cheaper against Bitget than usual: you would sell low and buy high (spread −0.118% now, against its 7-day average of +0.056%). If the spread goes back, that is −$17 on $10k: about 12 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget OPENAIUSDT	1,624.5	0	get 0.0000% / 8h	5h 28m	$5.5M	$5.1M	20x
Short	MEXC OPENAI_USDT	1,622.6	0.0050	get 0.0050% / 8h	5h 28m	$13.0M	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now −0.118%Rate

Funding earned: $10.5
Price spread: −0.118% → +0.056%: −$17.41
Slippage, 4 orders: −$67.84
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$86.74
Costs to cover: 0.798%
Break-even: 64.8 days

Slippage from Bitget: live order book, 5 min ago; MEXC: live order book, just now.

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 Bitget live order book, 5 min ago	2.55 bp	24.4 bp −$24	27.4 bp −$274	doesn't fit	doesn't fit
Sell MEXC live order book, just now	1.17 bp	1.2 bp −$1	3.9 bp −$39	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	−0.0104%	1h	1,622.5	−0.121%	$225K	$159K	5x	as long as short
Lighter OPENAI	0.0000%	1h	1,708.7	+5.183%	$1.4M	$269K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,664.4	+2.458%	$761K	$204K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,651.1	+1.640%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,619.5	−0.308%	$52.4M	$28.7M	50x	as long as short
Bitget OPENAIUSDTlong	0.0000%	8h	1,624.5	long leg	$5.5M	$5.1M	20x
SunX OPENAI-USDT	0.0000%	8h	1,623.9	−0.034%	—	$2.4M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,623	−0.093%	$78K	$216K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,622.7	−0.110%	$1.6M	$543K	10x	as long as short
QFEX OPENAI-USD	0.0000%	1h	1,622.6	−0.114%	$1.2M	$474K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit OPENAI_USDC-PERPETUAL	+0.0029%	1h	1,624.7	+0.014%	—	$3	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,675.6	+3.150%	$2.7M	$6.2M	5x	as long as short
BloFin OPENAI-USDT	+0.0041%	8h	1,622.3	−0.131%	$475K	$277K	20x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,622.2	−0.142%	$135K	$722K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,628.4	+0.240%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,622.6	−0.114%	$22.9M	$17.8M	20x	as long as short
MEXC OPENAI_USDTshort	+0.0050%	8h	1,622.6	−0.118%	$13.0M	$3.2M	50x
KuCoin OPENAIUSDTM	+0.0050%	8h	1,623.6	−0.050%	$374K	$71K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,624	−0.030%	$2.6M	$754K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622.3	−0.135%	$2K	$139K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,622.3	−0.133%	—	—	10x	as long as short
Entropy io:OAI	+0.0143%	1h	1,667.1	+2.625%	$7.4M	$2.1M	6x	as long as short