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: KuCoin against OKX−1.617%7-day average −1.934% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,114as in the Price arb table

costs, in and out, $10k−$1,14611.458% of the position

Long on OKX Short on KuCoin

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)−0.067%−$7 · spread now −1.617%, 7d avg −1.934%

Together, before fees+0.038%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.317% dearer against OKX than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of −1.934%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX OPENAI-USDT-SWAP	1,651	0	get 0.0000% / 8h	5h 25m	$5.1M	$1.3M	20x
Short	KuCoin OPENAIUSDTM	1,624.3	0.0050	get 0.0050% / 8h	5h 25m	$374K	$71K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now −1.617%Rate

Funding earned: $10.5
Price spread: −1.617% → −1.934%: $31.72
Slippage, 4 orders: −$1,123.78
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,103.57
Costs to cover: 11.458%
Break-even: 742.7 days

Slippage from OKX: live order book, 2 min ago; KuCoin: live order book, 71 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 OKX live order book, 2 min ago	0.61 bp	19.5 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 71 min ago	13.85 bp	442.7 bp −$443	doesn't fit	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	−0.0104%	1h	1,622.5	−1.727%	$225K	$159K	5x	as long as short
Lighter OPENAI	0.0000%	1h	1,708.4	+3.477%	$1.4M	$269K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,664.6	+0.825%	$761K	$204K	25x	as long as short
OKX OPENAI-USDT-SWAPlong	0.0000%	8h	1,651	long leg	$5.1M	$1.3M	20x
Gate OPENAI_USDT	0.0000%	8h	1,619.5	−1.907%	$52.4M	$28.7M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,624.3	−1.617%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,623.9	−1.641%	—	$2.4M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,623.4	−1.669%	$79K	$216K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,623.1	−1.691%	$1.6M	$543K	10x	as long as short
QFEX OPENAI-USD	0.0000%	1h	1,622.7	−1.712%	$1.2M	$474K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin OPENAI-USDT	+0.0029%	8h	1,622.9	−1.704%	$476K	$276K	20x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,675.2	+1.467%	$2.7M	$6.2M	5x	as long as short
Deribit OPENAI_USDC-PERPETUAL	+0.0035%	1h	1,624.9	−1.582%	—	$3	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,622.4	−1.729%	$135K	$722K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,629.3	−1.315%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,622.9	−1.703%	$22.9M	$17.8M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,622.9	−1.704%	$13.0M	$3.2M	50x	as long as short
KuCoin OPENAIUSDTMshort	+0.0050%	8h	1,624.3	−1.617%	$374K	$71K	20x
Variational Omni OPENAI	+0.0050%	8h	1,622.5	−1.725%	$2.6M	$754K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,622.3	−1.739%	$2K	$140K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,622.3	−1.736%	—	—	10x	as long as short
Entropy io:OAI	+0.0145%	1h	1,667.1	+0.975%	$7.4M	$2.1M	6x	as long as short