OPENAI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0271%/8h= −29.7% APRnext payment −$0.34 per $10,000 · paid last 24h −0.072%

Price spread now: QFEX against Entropy−2.569%7-day average −5.380% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Entropy Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.256%−$26 on $10k

Price spread, last 7 days−3.849%−$385 · spread now −2.569%, 7d avg −5.380%

Together, before fees−4.105%−$410 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 2.811% dearer against Entropy than usual: you sell high and buy low (spread −2.569% now, against its 7-day average of −5.380%): +$281 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 35 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:OAI	1,671.2	0.0261	pay 0.0033% / 1h	25m 05s	$7.4M	$2.2M	6x
Short	QFEX OPENAI-USD	1,628.3	−0.0010	pay 0.0001% / 1h	25m 05s	$1.2M	$387K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Entropy. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee EntropybpFee QFEXbpOrdersPrice spread, now −2.569%Rate

Funding earned: −$56.91
Price spread: −2.569% → −5.380%: $281.15
Slippage, 4 orders: no order book: not counted
Fee Entropy: 9 bp × 2 orders: −$18
Fee QFEX: 5 bp × 2 orders: −$10
Net: $196.24
Costs to cover: 0.280%
Break-even: from the start

Slippage unknown: Entropy: live order book, 2 min ago; QFEX: live order book, 1 min ago. 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, 2 min ago	3.59 bp	24.2 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 1 min ago	2.83 bp	9.0 bp −$9	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
Coinbase International OPENAI-PERP-INTX	−0.0168%	1h	1,628.2	−2.575%	$236K	$146K	5x	as long as short
QFEX OPENAI-USDshort	−0.0010%	1h	1,628.3	−2.569%	$1.2M	$387K	10x
Lighter OPENAI	0.0000%	1h	1,708.3	+2.220%	$1.4M	$287K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,675.2	+0.241%	$770K	$217K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,659.4	−0.706%	$5.1M	$1.4M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,625.4	−2.739%	$52.6M	$39.6M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,630.5	−2.438%	$5.5M	$5.1M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,629.5	−2.495%	—	$2.6M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,627.9	−2.592%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,627	−2.645%	$79K	$213K	20x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex OPENAIUSDT	0.0000%	8h	1,627.8	−2.595%	$1.6M	$558K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,680.8	+0.572%	$2.6M	$6.3M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,627.9	−2.590%	$131K	$667K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,633	−2.284%	$213K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,628.2	−2.572%	$23.1M	$18.8M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,627.8	−2.600%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,630.2	−2.455%	$377K	$64K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,628.4	−2.561%	$2.6M	$751K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,626.8	−2.659%	$2K	$140K	10x	as long as short
BloFin OPENAI-USDT	+0.0071%	8h	1,628.6	−2.552%	$474K	$277K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,627.7	−2.605%	—	—	10x	as long as short
Entropy io:OAIlong	+0.0261%	1h	1,671.2	long leg	$7.4M	$2.2M	6x