Funding you earn now, next payment 16:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.015%
Price spread now: MEXC against Bybit−1.981%7-day average −2.886% · you buy dearer than you sell
Net, funding: paid 7d − costs−$177as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$1871.872% of the position
Funding, last 7 days+0.105%+$11 on $10k
+Price spread, last 4 days (all we have)−0.571%−$57 · spread now −1.981%, 7d avg −2.886%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.904% dearer against Bybit than usual: you sell high and buy low: +$90 more if the spread goes back to its 7-day average of −2.886%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit OPENAIUSDT | 1,664.2 | 0 | get 0.0000% / 8h | 6h 56m | $731K | $286K | 25x |
| Short | MEXC OPENAI_USDT | 1,631.2 | 0.0050 | get 0.0050% / 8h | 6h 56m | $6.7M | $2.4M | 50x |
Bybit OPENAIUSDT
MEXC OPENAI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Bybit. 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: −1.981% → −2.886%
- $90.43
- Slippage, 4 orders
- −$176.16
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$86.23
- Costs to cover
- 1.872%
- Break-even
- 64.5 days
Slippage from Bybit: live order book, 33 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 Bybit live order book, 33 min ago | 16.95 bp | 41.0 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 6.65 bp | 31.5 bp −$31 | 55.1 bp −$551 | 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 | −0.0010% | 1h | 1,630 | −2.052% | $1.2M | $646K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,712.5 | +2.904% | $1.4M | $276K | 5x | as long as short |
| Bybit OPENAIUSDTlong | 0.0000% | 8h | 1,664.2 | long leg | $731K | $286K | 25x | |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,654.7 | −0.568% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,627.1 | −2.226% | $47.3M | $11.0M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,630.9 | −1.997% | $5.4M | $3.8M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,630.4 | −2.029% | — | $2.1M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,630 | −2.050% | $3K | $3K | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,631.2 | −1.979% | $79K | $225K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,629.9 | −2.057% | $1.6M | $498K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
OKX OPENAI-USDT-SWAP
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin OPENAI-USDT | +0.0031% | 8h | 1,629.3 | −2.096% | $477K | $308K | 20x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,678.4 | +0.857% | $2.7M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,629.7 | −2.073% | $142K | $808K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,631.9 | −1.939% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,630.3 | −2.035% | $23.0M | $16.6M | 20x | as long as short |
| MEXC OPENAI_USDTshort | +0.0050% | 8h | 1,631.2 | −1.981% | $6.7M | $2.4M | 50x | |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,632 | −1.936% | $376K | $148K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,629.1 | −2.104% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,629.5 | −2.084% | $2K | $173K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,629.8 | −2.067% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0234% | 1h | 1,669.2 | +0.303% | $7.6M | $2.4M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0720% | 1h | 1,637.8 | −1.585% | $232K | $176K | 5x | as long as short |
BloFin OPENAI-USDT
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI
Coinbase International OPENAI-PERP-INTX