TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
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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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG1,429.3−0.0018get 0.0002% / 1h57m 28s$7.1M$1.1M6xLong Entropy
SHORT1,428.9+0.00010.0000% / 1h57m 28s$304K$43K3xShort Ondo Perps5% off
Price gap−0.028%
Funding gap+0.0019% /8h

Both sides work: funding pays +$1 a day on $10k, and the gap is 0.198% above its 7d average: +$20 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$12+0.0019% /8h now · paid −0.120% over the last 7D
Price+$20spread −0.028% now, avg −0.226% → +0.198% if it goes back
Costs−$1751.754% of $10k · taker + slippage, in and out
Result−$168−1.68%+ Points / potential airdropOndo Perps: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.028%
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 26 exchanges

lowest funding first

Before you open

4 ok · 2 to watch
  • Watch: Thin at this size18.9 / 102.3 bp
    At $10k entering Ondo Perps costs 102.3 bp, fee and slippage, 5.4× Entropy’s.
  • Note: Margin at max leverage$1,667 + $3,333
    Entropy 6x, Ondo Perps 3x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$0.57Long Entropy: 24 payments, +$0.54; short Ondo Perps: 24 payments, +$0.02.
  • OK: Entry gap works for you−0.028% vs −0.226%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$304K vs $7.1M OI
    Ondo Perps sets your exit cost. Check its book before closing.
  • OK: Points on a legOndo Perps points
    Volume here counts toward the points program.
  • OK: No KYC on either legEntropy No · Ondo Perps No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0057%/8h × 21 periods−$12.03
Price spread−0.028% → −0.226% (7d avg)+$19.82
Slippage, 4 orderslive order books−$168.65
Fee Entropy bp × 2 orders−$1.80
Fee Ondo Perps bp × 2 orders−$5.00
Net · 7 days · $10k−$167.66
Costs to cover1.754%Break-evennever at this rate
Slippage: Entropy: live order book, 9 min ago; Ondo Perps: live order book, 44 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGEntropy1.4018.9 bp−$19100.7 bp−$1,007doesn’t fitdoesn’t fit
SELL · SHORTOndo Perps12.65102.3 bp−$102240.3 bp−$2,403doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

OPENAI news

posts that mention OPENAI or OpenAI, from every exchangeSearch all news →
10-26 14:05InjectiveListingThe next major financial market for AI is the price of compute. Today, Injective is officially releasing the Super Intelligence Compute Index ($SICI), bringing a new financial primitive to the onchain AI economy. For the first time on Injective, traders can access a diversified index of @nvidia GPU rental prices through perpetuals with up to 10x leverage. We also plan to introduce a brand new financial primitive to access $SICI in the coming days. 🟪 A New Onchain Market for the Agentic Economy Trillions are set to be invested into AI infrastructure. From frontier model training to autonomous agents and inference, demand for compute is becoming one of the defining forces shaping the AI industry. This trend is only accelerating with giants like @OpenAI and @AnthropicAI surging in demand. Yet financial markets for compute remain largely underdeveloped, with rental prices fragmented across cloud providers and hardware generations. $SICI changes that. SICI brings five NVIDIA GPU rental rates together into a single onchain benchmark. The index consists of the following: → H100 (Industry standard for AI training): 40% → B200 (Next-generation AI training and inference): 25% → H200 (High-memory AI training and inference): 15% → A100 (Fine-tuning and AI inference): 10% → RTX 4090 (Consumer GPU for affordable AI inference): 10% Using hourly compute marketplace data, SICI creates a novel way to access and trade the economics of AI infrastructure. 🌏 Injective is building the onchain financial markets of tomorrow Injective pioneered the first onchain H100 rental market, launched the $AIX index, and introduced pre-IPO perpetuals for companies including OpenAI, @SpaceX and Anthropic. $SICI takes this vision further. First, Injective brought market exposure to the companies building the future of AI onchain. Now, we're bringing the cost of the infrastructure powering them onchain too. And we will soon be launching entirely new financial primitives to access the onchain agentic economy. The AI economy is creating entirely new asset classes. Injective is building the financial markets to access them for the first time onchain. @injective on X ↗
10-26 10:00KalshiOtherBREAKING: OpenAI resumes training its top models after "security pause and upgrades" @Kalshi on X ↗
10-24 19:20KalshiOtherJUST IN: UK partners with OpenAI, Anthropic, and Google to launch AI lab focused on preventing biological threats @Kalshi on X ↗
10-23 22:30Markets by KinetiqOtherOpenAI's pre-IPO price is down 10% this month while Anthropic's is down 7%. China's Moonshot says its Kimi K3.1 Pro matches Claude Opus 5.5 on Terminal-Bench for about a third of the cost. @Markets_xyz on X ↗
10-23 19:45KalshiOtherJUST IN: OpenAI to train frontier models without internet access @Kalshi on X ↗
10-23 12:45KalshiOtherJUST IN: Wall Street urges Anthropic and OpenAI to go public by the year's end @Kalshi on X ↗