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: Bybit against KuCoin+1.598%7-day average +2.785% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,212as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,320as in the Price arb table
costs, in and out, $10k−$1,20112.012% of the position
Funding, last 7 days−0.105%−$11 on $10k
+Price spread, last 4 days (all we have)+1.112%+$111 · spread now +1.598%, 7d avg +2.785%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 1.187% cheaper against KuCoin than usual: you would sell low and buy high (−$119 if the spread goes back to its 7-day average of +2.785%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin OPENAIUSDTM | 1,652.6 | 0.0050 | pay 0.0050% / 8h | 4h 04m | $385K | $367K | 20x |
| Short | Bybit OPENAIUSDT | 1,679 | 0 | get 0.0000% / 8h | 4h 04m | $721K | $321K | 25x |
KuCoin OPENAIUSDTM
Bybit OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against KuCoin. 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: +1.598% → +2.785%
- −$118.67
- Slippage, 4 orders
- −$1,178.23
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,330.4
- Costs to cover
- 12.012%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 19 min ago; Bybit: live order book, 33 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 KuCoin live order book, 19 min ago | 8.01 bp | 549.4 bp −$549 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 33 min ago | 0.06 bp | 80.1 bp −$80 | 387.8 bp −$3,878 | doesn't fit | doesn't fit |
OPENAI on 22 exchanges
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 | −0.0001% | 1h | 1,647.7 | −0.297% | $1.2M | $703K | 10x | as long as short |
| Bybit OPENAIUSDTshort | 0.0000% | 8h | 1,679 | +1.598% | $721K | $321K | 25x | |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,673.4 | +1.259% | $5.2M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,644.9 | −0.466% | $52.3M | $20.9M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,648.3 | −0.258% | $5.6M | $3.8M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,648.3 | −0.260% | — | $1.5M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,646.3 | −0.379% | $3K | $3K | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,647.5 | −0.306% | $80K | $175K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,647.1 | −0.332% | $1.6M | $511K | 10x | as long as short |
| Lighter OPENAI | +0.0024% | 1h | 1,732.6 | +4.840% | $1.4M | $279K | 5x | as long as short |
QFEX OPENAI-USD
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDT
Phemex OPENAIUSDT
Lighter OPENAIShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,697.4 | +2.713% | $2.8M | $6.5M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,647.4 | −0.317% | $146K | $1.1M | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,647.5 | −0.307% | $215K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,647.5 | −0.309% | $23.4M | $19.8M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,647.6 | −0.303% | $6.6M | $2.5M | 50x | as long as short |
| KuCoin OPENAIUSDTMlong | +0.0050% | 8h | 1,652.6 | long leg | $385K | $367K | 20x | |
| Variational Omni OPENAI | +0.0050% | 8h | 1,647.3 | −0.319% | $2.6M | $797K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,647.2 | −0.323% | $2K | $179K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0072% | 8h | 1,646.3 | −0.382% | $493K | $361K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,646.8 | −0.351% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0200% | 1h | 1,691.8 | +2.373% | $7.8M | $2.6M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.1008% | 1h | 1,652.3 | −0.016% | $231K | $178K | 5x | as long as short |
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Aevo OPENAI-PERP
Entropy io:OAI
Coinbase International OPENAI-PERP-INTX