OPENAI

Alert: funding

Alert: spread

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: Gate against MEXC−0.203%7-day average −0.159% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$380.383% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$11 on $10k

Price spread, last 7 days+0.010%+$1 · spread now −0.203%, 7d avg −0.159%

Together, before fees−0.095%−$10 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 Gate is 0.045% cheaper against MEXC than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.159%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC OPENAI_USDT	1,622.5	0.0050	pay 0.0050% / 8h	6h 38m	$13.1M	$3.2M	50x
Short	Gate OPENAI_USDT	1,619.2	0	get 0.0000% / 8h	6h 38m	$52.4M	$31.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee MEXCbpFee GatebpOrdersPrice spread, now −0.203%Rate

Funding earned: −$10.5
Price spread: −0.203% → −0.159%: −$4.45
Slippage, 4 orders: −$23.27
Fee MEXC: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$53.22
Costs to cover: 0.383%
Break-even: never at this rate

Slippage from MEXC: live order book, just now; Gate: live order book, 6 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, just now	0.95 bp	1.5 bp −$2	5.9 bp −$59	doesn't fit	doesn't fit
Sell Gate live order book, 6 min ago	2.59 bp	19.6 bp −$20	388.6 bp −$3,886	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	−0.0121%	1h	1,622.3	−0.011%	—	$3	5x	as long as short
QFEX OPENAI-USD	−0.0004%	1h	1,622.1	−0.025%	$1.2M	$410K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,708.4	+5.292%	$1.4M	$280K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,666.7	+2.721%	$764K	$204K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,650.9	+1.750%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDTshort	0.0000%	8h	1,619.2	−0.203%	$52.4M	$31.8M	50x
Bitget OPENAIUSDT	0.0000%	8h	1,623.7	+0.075%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,623.3	+0.049%	—	$2.5M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,622.7	+0.012%	$79K	$216K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,621.8	−0.044%	$1.6M	$562K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International OPENAI-PERP-INTX	+0.0024%	1h	1,624.5	+0.120%	$222K	$155K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,675.8	+3.286%	$2.7M	$6.1M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,621.7	−0.047%	$136K	$717K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,627.8	+0.326%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,622.2	−0.019%	$22.9M	$18.9M	20x	as long as short
MEXC OPENAI_USDTlong	+0.0050%	8h	1,622.5	long leg	$13.1M	$3.2M	50x
KuCoin OPENAIUSDTM	+0.0050%	8h	1,626.2	+0.226%	$377K	$69K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,623.9	+0.089%	$2.6M	$761K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,624.7	+0.138%	$2K	$137K	10x	as long as short
BloFin OPENAI-USDT	+0.0059%	8h	1,629.3	+0.417%	$477K	$280K	20x	as long as short
Entropy io:OAI	+0.0098%	1h	1,670.8	+2.977%	$7.4M	$2.1M	6x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,621.9	−0.038%	—	—	10x	as long as short