Funding you earn now, next payment 16:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.10 per $10,000 · paid last 24h +0.002%
Price spread now: KuCoin against BloFin−0.002%95s7-day average +0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,037as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1,03710.365% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.158%−$16 · spread now −0.002%, 7d avg +0.075%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and KuCoin is 0.077% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.075%). Swap the legs. The two prices were read 95 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 | BloFin OPENAI-USDT | 1,624.6 | 0.0060 | pay 0.0060% / 8h | 7h 19m | $480K | $301K | 20x |
| Short | KuCoin OPENAIUSDTM | 1,624.6 | 0.0050 | get 0.0050% / 8h | 7h 19m | $375K | $123K | 20x |
BloFin OPENAI-USDT
KuCoin OPENAIUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BloFin. 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
- −$2.11
- Price spread: −0.002% → +0.075%
- −$7.72
- Slippage, 4 orders
- −$1,012.5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,046.32
- Costs to cover
- 10.365%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 56 min ago; KuCoin: live order book, 3 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 BloFin live order book, 56 min ago | 0.40 bp | 16.6 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 8.49 bp | 434.8 bp −$435 | 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 | −0.0004% | 1h | 1,624.6 | −0.002% | $1.2M | $639K | 10x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,660.7 | +2.220% | $731K | $284K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,651.6 | +1.659% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,622.1 | −0.159% | $46.4M | $10.8M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,625.2 | +0.037% | $5.4M | $3.8M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,624.4 | −0.015% | — | $2.2M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,624.7 | +0.003% | $79K | $225K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,623.7 | −0.060% | $1.6M | $498K | 10x | as long as short |
| Lighter OPENAI | +0.0008% | 1h | 1,710.3 | +5.272% | $1.4M | $276K | 5x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,678.1 | +3.291% | $2.7M | $6.2M | 5x | as long as short |
QFEX OPENAI-USD
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Phemex OPENAIUSDT
Lighter OPENAI
Lighter RH OPENAIShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended OPENAI-USD | +0.0048% | 1h | 1,624.3 | −0.022% | $142K | $808K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,627.4 | +0.172% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,624.5 | −0.006% | $22.9M | $16.3M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,623.4 | −0.074% | $6.6M | $2.4M | 50x | as long as short |
| KuCoin OPENAIUSDTMshort | +0.0050% | 8h | 1,624.6 | −0.002% | $375K | $123K | 20x | |
| Variational Omni OPENAI | +0.0050% | 8h | 1,624.9 | +0.017% | $2.6M | $765K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,622.9 | −0.104% | $3K | $173K | 10x | as long as short |
| BloFin OPENAI-USDTlong | +0.0060% | 8h | 1,624.6 | long leg | $480K | $301K | 20x | |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,624.2 | −0.027% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0156% | 1h | 1,667.3 | +2.626% | $7.6M | $2.4M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0344% | 1h | 1,629 | +0.268% | $233K | $173K | 5x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | +0.0455% | 1h | 1,624.8 | +0.010% | $3K | $3K | 5x | as long as short |
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI
Coinbase International OPENAI-PERP-INTX
Deribit OPENAI_USDC-PERPETUAL