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: Gate against KuCoin−0.297%7-day average −0.245% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,048as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,043as in the Price arb table
costs, in and out, $10k−$1,03810.376% of the position
Funding, last 7 days−0.105%−$11 on $10k
+Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.297%, 7d avg −0.245%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.051% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.245%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin OPENAIUSDTM | 1,632 | 0.0050 | pay 0.0050% / 8h | 6h 56m | $376K | $148K | 20x |
| Short | Gate OPENAI_USDT | 1,627.1 | 0 | get 0.0000% / 8h | 6h 56m | $47.3M | $11.0M | 50x |
KuCoin OPENAIUSDTM
Gate OPENAI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.297% → −0.245%
- −$5.13
- Slippage, 4 orders
- −$1,010.6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$1,053.23
- Costs to cover
- 10.376%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 27 min ago; Gate: 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 KuCoin live order book, 27 min ago | 8.49 bp | 567.6 bp −$568 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 0.46 bp | 25.5 bp −$25 | 233.3 bp −$2,333 | 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 | −0.119% | $1.2M | $646K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,712.4 | +4.929% | $1.4M | $276K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,664.2 | +1.973% | $731K | $286K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,654.7 | +1.394% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDTshort | 0.0000% | 8h | 1,627.1 | −0.297% | $47.3M | $11.0M | 50x | |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,630.8 | −0.068% | $5.4M | $3.8M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,630 | −0.119% | — | $2.0M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,630.2 | −0.107% | $3K | $3K | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,630.7 | −0.080% | $79K | $225K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,629.6 | −0.147% | $1.6M | $498K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
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 | −0.164% | $477K | $308K | 20x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,678.3 | +2.838% | $2.7M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,629.9 | −0.127% | $142K | $808K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,632 | +0.002% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,630.3 | −0.099% | $23.0M | $16.6M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,631.2 | −0.047% | $6.7M | $2.4M | 50x | as long as short |
| KuCoin OPENAIUSDTMlong | +0.0050% | 8h | 1,632 | long leg | $376K | $148K | 20x | |
| Variational Omni OPENAI | +0.0050% | 8h | 1,629.1 | −0.172% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,629.5 | −0.151% | $2K | $173K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,630.1 | −0.116% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0234% | 1h | 1,669.2 | +2.283% | $7.6M | $2.4M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0720% | 1h | 1,637.8 | +0.358% | $232K | $176K | 5x | as long as short |
BloFin OPENAI-USDT
Lighter RH OPENAI
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