Funding arb · Price arb /

OPENAI

RWAall OPENAI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against KuCoin−0.023%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4,416as in the Funding arb table

Net, price: spread back to 7d avg − costs−$4,412as in the Price arb table

costs, in and out, $10k−$4,41644.162% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now −0.023%, 7d avg −0.063%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.040% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin OPENAIUSDTM	1,625	0.0050	pay 0.0050% / 8h	4h 34m	$375K	$70K	20x
Short	MEXC OPENAI_USDT	1,624.6	0.0050	get 0.0050% / 8h	4h 34m	$13.0M	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee MEXCbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → −0.063%: $3.99
Slippage, 4 orders: −$4,404.21
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$4,412.22
Costs to cover: 44.162%
Break-even: never at this rate

Slippage from KuCoin: live order book, 48 min ago; MEXC: live order book, 4 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, 48 min ago	7.87 bp	726.4 bp −$726	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.80 bp	0.9 bp −$1	7.2 bp −$72	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
Coinbase International OPENAI-PERP-INTX	−0.0024%	1h	1,625.7	+0.045%	$226K	$160K	5x	as long as short
QFEX OPENAI-USD	−0.0004%	1h	1,624.8	−0.011%	$1.2M	$539K	10x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,662.1	+2.283%	$755K	$207K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,652.2	+1.673%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,621.4	−0.221%	$52.4M	$28.1M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,625.7	+0.041%	$5.5M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,624.8	−0.013%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,623.4	−0.102%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,625.5	+0.027%	$79K	$219K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,624.4	−0.041%	$1.6M	$546K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter OPENAI	+0.0008%	1h	1,714	+5.474%	$1.4M	$266K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,681	+3.443%	$2.7M	$6.2M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,624.5	−0.034%	$144K	$736K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,630.2	+0.322%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,624.7	−0.020%	$22.9M	$17.9M	20x	as long as short
MEXC OPENAI_USDTshort	+0.0050%	8h	1,624.6	−0.023%	$13.0M	$3.2M	50x
KuCoin OPENAIUSDTMlong	+0.0050%	8h	1,625	long leg	$375K	$70K	20x
Variational Omni OPENAI	+0.0050%	8h	1,624.4	−0.039%	$2.6M	$766K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,624.5	−0.029%	$2K	$148K	10x	as long as short
BloFin OPENAI-USDT	+0.0080%	8h	1,625.6	+0.039%	$474K	$283K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,624.3	−0.041%	—	—	10x	as long as short
Entropy io:OAI	+0.0252%	1h	1,672.5	+2.922%	$7.6M	$2.3M	6x	as long as short