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 Phemex−0.001%7-day average +0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,175as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,195as in the Price arb table
costs, in and out, $10k−$1,18611.858% of the position
Funding, last 7 days+0.105%+$11 on $10k
+Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.001%, 7d avg +0.093%
=Funding pays, the price is against you. KuCoin is 0.094% cheaper against Phemex than usual: you would sell low and buy high (spread −0.001% now, against its 7-day average of +0.093%). If the spread goes back, that is −$9 on $10k: about 6.3 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex OPENAIUSDT | 1,618.4 | 0 | get 0.0000% / 8h | 3m 51s | $1.6M | $501K | 10x |
| Short | KuCoin OPENAIUSDTM | 1,618.3 | 0.0050 | get 0.0050% / 8h | 3m 51s | $373K | $74K | 20x |
Phemex OPENAIUSDT
KuCoin OPENAIUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Phemex. 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: −0.001% → +0.093%
- −$9.43
- Slippage, 4 orders
- −$1,161.77
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,184.7
- Costs to cover
- 11.858%
- Break-even
- 796.8 days
Slippage from Phemex: live order book, 4 min ago; KuCoin: live order book, 29 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 Phemex live order book, 4 min ago | 2.66 bp | 60.7 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 29 min ago | 27.33 bp | 433.6 bp −$434 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX OPENAI-USD | −0.0005% | 1h | 1,618 | −0.021% | $1.2M | $628K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,706.9 | +5.470% | $1.4M | $269K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,656.6 | +2.361% | $736K | $269K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,645.1 | +1.653% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,617.5 | −0.055% | $45.6M | $14.1M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,619.5 | +0.070% | $5.3M | $4.5M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,619.2 | +0.053% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,619 | +0.043% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,617.9 | −0.030% | $79K | $225K | 20x | as long as short |
| Phemex OPENAIUSDTlong | 0.0000% | 8h | 1,618.4 | long leg | $1.6M | $501K | 10x |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,674.1 | +3.442% | $2.7M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,617.9 | −0.030% | $142K | $803K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,620.9 | +0.159% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,618.3 | −0.003% | $22.9M | $16.7M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,617.8 | −0.033% | $6.6M | $5.0M | 50x | as long as short |
| KuCoin OPENAIUSDTMshort | +0.0050% | 8h | 1,618.3 | −0.001% | $373K | $74K | 20x | |
| Variational Omni OPENAI | +0.0050% | 8h | 1,617.3 | −0.064% | $2.6M | $760K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,616.6 | −0.108% | $2K | $176K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0054% | 8h | 1,617.8 | −0.033% | $475K | $295K | 20x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0072% | 1h | 1,623.7 | +0.333% | $235K | $174K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,618.1 | −0.014% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0124% | 1h | 1,665.1 | +2.889% | $7.6M | $2.3M | 6x | as long as short |
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Coinbase International OPENAI-PERP-INTX
Aevo OPENAI-PERP
Entropy io:OAI