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: MEXC against OKX−1.382%7-day average −2.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$1211.206% of the position
Funding, last 7 days+0.105%+$11 on $10k
+Price spread, last 7 days−0.663%−$66 · spread now −1.382%, 7d avg −2.004%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.622% dearer against OKX than usual: you sell high and buy low: +$62 more if the spread goes back to its 7-day average of −2.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX OPENAI-USDT-SWAP | 1,683.1 | 0 | get 0.0000% / 8h | 4h 53m | $5.2M | $1.3M | 20x |
| Short | MEXC OPENAI_USDT | 1,659.8 | 0.0050 | get 0.0050% / 8h | 4h 53m | $6.7M | $2.5M | 50x |
OKX OPENAI-USDT-SWAP
MEXC OPENAI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against OKX. 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
- $10.5
- Price spread: −1.382% → −2.004%
- $62.18
- Slippage, 4 orders
- −$110.61
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$47.94
- Costs to cover
- 1.206%
- Break-even
- 39.0 days
Slippage from OKX: live order book, 2 min ago; MEXC: live order book, 2 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 | 3.86 bp | 32.0 bp −$32 | 162.8 bp −$1,628 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 5.15 bp | 22.8 bp −$23 | 42.8 bp −$428 | doesn't fit | doesn't fit |
OPENAI on 22 exchanges
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 | 1,658.3 | −1.474% | $1.2M | $695K | 10x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,691.2 | +0.482% | $720K | $316K | 25x | as long as short |
| OKX OPENAI-USDT-SWAPlong | 0.0000% | 8h | 1,683.1 | long leg | $5.2M | $1.3M | 20x | |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,655.5 | −1.642% | $51.1M | $17.4M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,659.7 | −1.391% | $5.7M | $3.7M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,659.2 | −1.420% | — | $1.6M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,660.6 | −1.334% | $81K | $173K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,659.3 | −1.414% | $1.7M | $508K | 10x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,707.2 | +1.434% | $2.8M | $6.3M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,659.4 | −1.405% | $144K | $817K | 10x | as long as short |
QFEX OPENAI-USD
Bybit OPENAIUSDT
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Phemex OPENAIUSDT
Lighter RH OPENAI
Extended OPENAI-USDShow 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 | −1.381% | $216K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,659.6 | −1.397% | $23.5M | $18.4M | 20x | as long as short |
| MEXC OPENAI_USDTshort | +0.0050% | 8h | 1,659.8 | −1.382% | $6.7M | $2.5M | 50x | |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,666.4 | −0.992% | $390K | $310K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,659.8 | −1.382% | $2.6M | $773K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,654.3 | −1.708% | $2K | $173K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0058% | 8h | 1,659.7 | −1.391% | $490K | $334K | 20x | as long as short |
| Lighter OPENAI | +0.0072% | 1h | 1,742.2 | +3.508% | $1.5M | $266K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,658.9 | −1.437% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0824% | 1h | 1,694.3 | +0.665% | $7.9M | $2.6M | 6x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.1008% | 1h | 1,664.4 | −1.111% | $234K | $180K | 5x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | +0.7389% | 1h | 1,658.7 | −1.448% | $3K | $3K | 5x | as long as short |
Aster OPENAIUSDT
Binance OPENAIUSDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Lighter OPENAI
Aevo OPENAI-PERP
Entropy io:OAI
Coinbase International OPENAI-PERP-INTX
Deribit OPENAI_USDC-PERPETUAL