Funding you earn now, next payment 09:00 UTC−0.0269%/8h= −29.4% APRnext payment −$0.34 per $10,000 · paid last 24h —
Price spread now: Deribit against Entropy−2.698%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 21 hours (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Deribit is 2.698% cheaper against Entropy than usual: you would sell low and buy high (−$270 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:OAI | 1,668.8 | 0.0269 | pay 0.0034% / 1h | 47m 29s | $7.6M | $2.3M | 6x |
| Short | Deribit OPENAI_USDC-PERPETUAL | 1,623.8 | 0 | get 0.0000% / 1h | 47m 29s | — | $3 | 5x |
Entropy io:OAI
Deribit OPENAI_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Entropy. 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
- −$56.48
- Price spread: −2.698% → 0.000%
- −$269.83
- Slippage, 4 orders
- no order book: not counted
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$351.31
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Entropy: live order book, 9 min ago; Deribit: no order-book sample. Net counts fees only.
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 Entropy live order book, 9 min ago | 1.50 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0004% | 1h | 1,623.7 | −2.706% | $1.2M | $629K | 10x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,660.5 | −0.495% | $727K | $274K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,651 | −1.067% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,621.1 | −2.860% | $45.8M | $9.5M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,624.3 | −2.666% | $5.4M | $3.9M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,624.8 | −2.637% | — | $2.3M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUALshort | 0.0000% | 1h | 1,623.8 | −2.698% | — | $3 | 5x | |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,624.1 | −2.676% | $79K | $225K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,623.7 | −2.703% | $1.6M | $499K | 10x | as long as short |
| Lighter OPENAI | +0.0008% | 1h | 1,711.7 | +2.570% | $1.4M | $273K | 5x | as long as short |
QFEX OPENAI-USD
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Phemex OPENAIUSDT
Lighter OPENAIShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,679.8 | +0.658% | $2.7M | $6.1M | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0032% | 8h | 1,623.9 | −2.691% | $475K | $296K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,623.4 | −2.721% | $141K | $808K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,626.2 | −2.553% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,623.7 | −2.700% | $22.9M | $16.4M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,625.5 | −2.595% | $6.6M | $2.4M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,623.9 | −2.691% | $374K | $92K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,624.4 | −2.661% | $2.6M | $760K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,624 | −2.684% | $2K | $176K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,623.6 | −2.707% | — | — | 10x | as long as short |
| Entropy io:OAIlong | +0.0269% | 1h | 1,668.8 | long leg | $7.6M | $2.3M | 6x | |
| Coinbase International OPENAI-PERP-INTX | +0.0344% | 1h | 1,629 | −2.385% | $236K | $172K | 5x | as long as short |
Lighter RH OPENAI
BloFin OPENAI-USDT
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Coinbase International OPENAI-PERP-INTX