OPENAI

Alert: funding

Alert: spread

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: Phemex against MEXC−0.003%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$194as in the Funding arb table

Net, price: spread back to 7d avg − costs−$183as in the Price arb table

costs, in and out, $10k−$1841.839% of the position

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)+0.032%+$3 · spread now −0.003%, 7d avg −0.011%

Together, before fees−0.073%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC OPENAI_USDT	1,659.4	0.0050	pay 0.0050% / 8h	4h 53m	$6.7M	$2.5M	50x
Short	Phemex OPENAIUSDT	1,659.3	0	get 0.0000% / 8h	4h 53m	$1.7M	$508K	10x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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latest

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

Position, each leg$Hold fordaysFee MEXCbpFee PhemexbpOrdersPrice spread, now −0.003%Rate

Slippage from MEXC: live order book, 2 min ago; Phemex: live order book, 3 min ago.

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, 2 min ago	5.15 bp	26.4 bp −$26	56.8 bp −$568	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	3.95 bp	74.9 bp −$75	doesn't fit	doesn't fit	doesn't fit

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	−0.0001%	1h	1,658.5	−0.054%	$1.2M	$695K	10x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,691.1	+1.910%	$720K	$316K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,683.3	+1.443%	$5.2M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,655.5	−0.234%	$51.1M	$17.5M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,659.8	+0.028%	$5.7M	$3.6M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,659.2	−0.009%	—	$1.6M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,660.6	+0.078%	$81K	$173K	20x	as long as short
Phemex OPENAIUSDTshort	0.0000%	8h	1,659.3	−0.003%	$1.7M	$508K	10x
Lighter RH OPENAI	+0.0032%	1h	1,707.4	+2.894%	$2.8M	$6.3M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,658.2	−0.070%	$145K	$822K	10x	as long as short

Show all 22 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster OPENAIUSDT	+0.0050%	8h	1,659.9	+0.030%	$216K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,658.8	−0.033%	$23.5M	$18.4M	20x	as long as short
MEXC OPENAI_USDTlong	+0.0050%	8h	1,659.4	long leg	$6.7M	$2.5M	50x
KuCoin OPENAIUSDTM	+0.0050%	8h	1,666	+0.403%	$390K	$310K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,659.8	+0.029%	$2.6M	$773K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,654.3	−0.302%	$2K	$173K	10x	as long as short
BloFin OPENAI-USDT	+0.0058%	8h	1,659.7	+0.020%	$490K	$334K	20x	as long as short
Lighter OPENAI	+0.0072%	1h	1,742.2	+4.990%	$1.5M	$266K	5x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,658.9	−0.026%	—	—	10x	as long as short
Entropy io:OAI	+0.0824%	1h	1,694.3	+2.106%	$7.9M	$2.6M	6x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.1008%	1h	1,664.4	+0.304%	$234K	$180K	5x	as long as short
Deribit OPENAI_USDC-PERPETUAL	+0.7389%	1h	1,658.7	−0.037%	$3K	$3K	5x	as long as short