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: MEXC against Phemex+0.020%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1241.241% 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)−0.048%−$5 · spread now +0.020%, 7d avg +0.010%

Together, before fees+0.057%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.010%, 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	Phemex OPENAIUSDT	1,613.9	0	get 0.0000% / 8h	2h 45m	$1.6M	$529K	10x
Short	MEXC OPENAI_USDT	1,614.2	0.0050	get 0.0050% / 8h	2h 45m	$13.0M	$3.1M	50x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee PhemexbpFee MEXCbpOrdersPrice spread, now +0.020%Rate

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

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, 2 min ago	2.91 bp	65.2 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.39 bp	1.5 bp −$1	3.4 bp −$34	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	−0.0005%	1h	1,614	+0.007%	$1.2M	$599K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,706.2	+5.722%	$1.4M	$260K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,658.5	+2.765%	$753K	$205K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,645.6	+1.965%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,610.7	−0.200%	$52.1M	$19.6M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,616.5	+0.164%	$5.4M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,616.4	+0.156%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,614.9	+0.060%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,614.9	+0.065%	$79K	$221K	20x	as long as short
Phemex OPENAIUSDTlong	0.0000%	8h	1,613.9	long leg	$1.6M	$529K	10x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International OPENAI-PERP-INTX	+0.0016%	1h	1,617.9	+0.247%	$225K	$161K	5x	as long as short
BloFin OPENAI-USDT	+0.0028%	8h	1,613.9	+0.002%	$473K	$286K	20x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,673.4	+3.688%	$2.6M	$6.1M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,613.6	−0.019%	$142K	$895K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,618.9	+0.309%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,614	+0.007%	$22.7M	$17.4M	20x	as long as short
MEXC OPENAI_USDTshort	+0.0050%	8h	1,614.2	+0.020%	$13.0M	$3.1M	50x
KuCoin OPENAIUSDTM	+0.0050%	8h	1,619.4	+0.345%	$373K	$69K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,613.8	−0.003%	$2.6M	$758K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,614.5	+0.041%	$2K	$163K	10x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,613.7	−0.009%	—	—	10x	as long as short
Entropy io:OAI	+0.0134%	1h	1,665.9	+3.223%	$7.6M	$2.3M	6x	as long as short