Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h —
Price spread now: Deribit against KuCoin−0.320%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 18 hours (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Deribit is 0.320% cheaper against KuCoin than usual: you would sell low and buy high (−$32 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin OPENAIUSDTM | 1,620 | 0.0050 | pay 0.0050% / 8h | 3h 03m | $373K | $69K | 20x |
| Short | Deribit OPENAI_USDC-PERPETUAL | 1,614.8 | 0 | get 0.0000% / 1h | 3m 24s | — | $3 | 5x |
KuCoin OPENAIUSDTM
Deribit OPENAI_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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: −0.320% → 0.000%
- −$31.98
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$61.48
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 69 min ago; Deribit: no order-book sample. Net counts fees only.
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, 69 min ago | 7.75 bp | 576.6 bp −$577 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0001% | 1h | 1,614.7 | −0.328% | $1.2M | $586K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,706.2 | +5.323% | $1.4M | $265K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,658.5 | +2.376% | $753K | $206K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,646.7 | +1.648% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,611.5 | −0.528% | $52.2M | $25.4M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,617.1 | −0.180% | $5.4M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,617.3 | −0.167% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUALshort | 0.0000% | 1h | 1,614.8 | −0.320% | — | $3 | 5x | |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,615.7 | −0.266% | $79K | $222K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,614.4 | −0.346% | $1.6M | $533K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Phemex OPENAIUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,673.5 | +3.302% | $2.6M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,614.5 | −0.342% | $141K | $815K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,618.1 | −0.117% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,614.9 | −0.315% | $22.8M | $17.5M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,614.7 | −0.330% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTMlong | +0.0050% | 8h | 1,620 | long leg | $373K | $69K | 20x | |
| Variational Omni OPENAI | +0.0050% | 8h | 1,614.9 | −0.313% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,615.5 | −0.280% | $2K | $161K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0054% | 8h | 1,615.1 | −0.301% | $474K | $285K | 20x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0056% | 1h | 1,623.9 | +0.240% | $226K | $161K | 5x | as long as short |
| Entropy io:OAI | +0.0096% | 1h | 1,667.2 | +2.913% | $7.6M | $2.3M | 6x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,614.3 | −0.353% | — | — | 10x | 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
Coinbase International OPENAI-PERP-INTX
Entropy io:OAI
Aevo OPENAI-PERP