Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

OPENAI

RWAAll OPENAI markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Entropyio:OAI
1,661.4+0.0215pay 0.0027% / 1h10m 32s$7.2M$5.8M6xLong Entropy
SHORT
BingXNCSKOPENAI2USD-USDT
1,619.5+0.0050get 0.0050% / 8h4h 10m$929K$1.8M—Short BingX
Price gap−2.522%
Funding gap−0.0165% /8h

The gap pays +$53 on $10k if it goes back to its 7d average, but funding costs $5 a day and eats that in about 11 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$24−0.0165% /8h now · paid −0.244% over the last 7D
Price+$53spread −2.522% now, avg −3.050% → +0.528% if it goes back
Costs−$430.433% of $10k · taker + slippage, in and out
Result−$15−0.15%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now−2.522%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

OPENAI on 23 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size18.4 / 7.1 bp
    At $10k entering Entropy costs 18.4 bp, fee and slippage, 2.6× BingX’s.
  • Note: Margin at max leverage$1,667 + —
    Entropy 6x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$4.95Long Entropy: 24 payments, −$6.45; short BingX: 3 payments, +$1.50.
  • OK: Entry gap works for you−2.522% vs −3.050%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$929K vs $7.2M OI
    BingX sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCEntropy No · BingX Yes
    Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0116%/8h × 21 periods−$24.37
Price spread−2.522% → −3.050% (7d avg)+$52.83
Slippage, 4 orderslive order books−$31.53
Fee Entropy bp × 2 orders−$1.80
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$14.88
Costs to cover0.433%Break-evenfrom the start
Slippage: Entropy: live order book, 10 min ago; BingX: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGEntropy3.6118.4 bp−$18121.4 bp−$1,214doesn’t fitdoesn’t fit
SELL · SHORTBingX1.057.1 bp−$77.6 bp−$76103.0 bp−$10.3Kdoesn’t fit

Closing costs about the same again.

Alert

OPENAI news

posts that mention OPENAI or OpenAI, from every exchangeSearch all news →
09-29 19:00KalshiOtherJUST IN: SpaceXAI owns the domain to not OpenAI @Kalshi on X ↗
09-29 17:44KalshiOtherBREAKING: OpenAI to raise $30 billion at a $1.4 trillion valuation 50% chance they IPO before June 2027 @Kalshi on X ↗
09-29 17:25KalshiOtherOpenAI announces always-on AI agents called "dots" 50% chance they IPO before June 2027 @Kalshi on X ↗
09-29 17:19KalshiOtherJUST IN: OpenAI introduces "Ultrafast" premium speed tier @Kalshi on X ↗
09-29 17:10KalshiOtherJUST IN: OpenAI announces "Dots" @Kalshi on X ↗
09-29 17:08KalshiOtherJUST IN: OpenAI rolls out GPT-6.1 Sol in Codex and ChatGPT Work @Kalshi on X ↗