Funding you earn now, next payment 01:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h +0.241%
Price spread now: Coinbase International against MEXC+0.133%7-day average +0.460% · you sell dearer than you buy
Net, funding: paid 7d − costs+$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$480.476% of the position
Funding, last 7 days+0.664%+$66 on $10k
+Price spread, last 3 days (all we have)+0.955%+$95 · spread now +0.133%, 7d avg +0.460%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.327% cheaper against MEXC than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of +0.460%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.664%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC OPENAI_USDT | 1,622.3 | 0.0050 | pay 0.0050% / 8h | 6h 35m | $13.0M | $3.2M | 50x |
| Short | Coinbase International OPENAI-PERP-INTX | 1,624.5 | 0.0024 | get 0.0003% / 1h | 35m 52s | $222K | $155K | 5x |
MEXC OPENAI_USDT
Coinbase International OPENAI-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against MEXC. 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
- −$5.46
- Price spread: +0.133% → +0.460%
- −$32.73
- Slippage, 4 orders
- −$37.58
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$85.78
- Costs to cover
- 0.476%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; Coinbase International: live order book, 32 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 MEXC live order book, 3 min ago | 0.95 bp | 1.5 bp −$2 | 5.9 bp −$59 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 32 min ago | 5.96 bp | 13.0 bp −$13 | 49.1 bp −$491 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit OPENAI_USDC-PERPETUAL | −0.0115% | 1h | 1,621.9 | −0.025% | — | $3 | 5x | as long as short |
| QFEX OPENAI-USD | −0.0004% | 1h | 1,622.3 | +0.002% | $1.2M | $411K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,708.3 | +5.304% | $1.4M | $280K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,666.1 | +2.701% | $764K | $204K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,650.2 | +1.720% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,619.4 | −0.180% | $52.4M | $31.8M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,623.7 | +0.086% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,623 | +0.043% | — | $2.5M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,622.2 | −0.009% | $79K | $216K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,622.3 | −0.002% | $1.6M | $562K | 10x | as long as short |
Deribit OPENAI_USDC-PERPETUAL
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OPENAI-PERP-INTXshort | +0.0024% | 1h | 1,624.5 | +0.133% | $222K | $155K | 5x | |
| Lighter RH OPENAI | +0.0032% | 1h | 1,675.8 | +3.300% | $2.6M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,622 | −0.017% | $136K | $717K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,627.5 | +0.319% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,622.3 | 0.000% | $22.9M | $18.9M | 20x | as long as short |
| MEXC OPENAI_USDTlong | +0.0050% | 8h | 1,622.3 | long leg | $13.0M | $3.2M | 50x | |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,626.2 | +0.238% | $377K | $68K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,622 | −0.016% | $2.6M | $759K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,624 | +0.103% | $2K | $137K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0059% | 8h | 1,629.3 | +0.429% | $477K | $280K | 20x | as long as short |
| Entropy io:OAI | +0.0083% | 1h | 1,669.9 | +2.934% | $7.4M | $2.2M | 6x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,621.6 | −0.041% | — | — | 10x | as long as short |
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Entropy io:OAI
Aevo OPENAI-PERP