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Funding arb · Price arb /

OPENAI

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.015%
Price spread now: Bybit against MEXC+2.642%7-day average +2.925% · you sell dearer than you buy
Net, funding: paid 7d − costs−$153as in the Funding arb table
Net, price: spread back to 7d avg − costs−$171as in the Price arb table
costs, in and out, $10k−$1421.424% of the position
Long on MEXCShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.105%−$11 on $10k
Price spread, last 4 days (all we have)−0.026%−$3 · spread now +2.642%, 7d avg +2.925%
Together, before fees−0.131%−$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.283% cheaper against MEXC than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of +2.925%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC OPENAI_USDT1,628.10.0050pay 0.0050% / 8h7h 25m$13.1M$3.2M50x
ShortBybit OPENAIUSDT1,671.10get 0.0000% / 8h7h 25m$769K$207K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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

Funding earned
−$10.5
Price spread: +2.642% → +2.925%
−$28.29
Slippage, 4 orders
−$131.42
Fee MEXC: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$181.21
Costs to cover
1.424%
Break-even
never at this rate
Slippage from MEXC: live order book, 3 min ago; Bybit: live order book, 45 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 3 min ago1.41 bp2.2 bp −$215.0 bp −$150doesn't fitdoesn't fit
Sell Bybit live order book, 45 min ago12.60 bp85.9 bp −$86395.1 bp −$3,951doesn't fitdoesn't fit

OPENAI on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International OPENAI-PERP-INTX−0.0024%1h1,628.2+0.009%$228K$147K5xas long as short
QFEX OPENAI-USD0.0000%1h1,629.1+0.063%$1.2M$417K10xas long as short
Lighter OPENAI0.0000%1h1,711.4+5.121%$1.4M$283K5xas long as short
Bybit OPENAIUSDTshort0.0000%8h1,671.1+2.642%$769K$207K25x
OKX OPENAI-USDT-SWAP0.0000%8h1,659.6+1.937%$5.1M$1.3M20xas long as short
Gate OPENAI_USDT0.0000%8h1,625.2−0.174%$52.6M$39.2M50xas long as short
Bitget OPENAIUSDT0.0000%8h1,628.9+0.053%$5.5M$5.1M20xas long as short
SunX OPENAI-USDT0.0000%8h1,629.2+0.069%—$2.6M10xas long as short
Deribit OPENAI_USDC-PERPETUAL0.0000%1h1,628.3+0.015%—$35xas long as short
HTX OPENAI-USDT0.0000%8h1,628.6+0.034%$79K$214K20xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex OPENAIUSDT0.0000%8h1,628−0.002%$1.6M$561K10xas long as short
Lighter RH OPENAI+0.0032%1h1,683.4+3.400%$2.7M$6.3M5xas long as short
Extended OPENAI-USD+0.0048%1h1,628.5+0.028%$133K$857K10xas long as short
Aster OPENAIUSDT+0.0050%8h1,634.4+0.392%$213K$3K20xas long as short
Binance OPENAIUSDT+0.0050%8h1,628.7+0.039%$23.1M$18.9M20xas long as short
MEXC OPENAI_USDTlong+0.0050%8h1,628.1long leg$13.1M$3.2M50x
KuCoin OPENAIUSDTM+0.0050%8h1,637.1+0.554%$379K$65K20xas long as short
Variational Omni OPENAI+0.0050%8h1,630.1+0.122%$2.6M$757K—as long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,628.2+0.010%$2K$138K10xas long as short
BloFin OPENAI-USDT+0.0062%8h1,628.4+0.022%$474K$279K20xas long as short
Aevo OPENAI-PERP+0.0104%1h1,628.6+0.030%——10xas long as short
Entropy io:OAI+0.0120%1h1,675.5+2.913%$7.4M$2.2M6xas long as short