Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,353.4 | +0.0048 | pay 0.0006% / 1h | 56m 56s | $137K | $102K | 10x | Long Extended10% off | |
| SHORT | 1,355 | +0.0035 | get 0.0004% / 1h | 56m 56s | $76K | $27K | — | Short AZverse |
Price gap+0.115%
Funding gap−0.0013% /8h
The gap pays +$12 on $10k if it goes back to zero (no 7-day history yet), but funding costs $0 a day and eats that in about 30 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$2−0.0013% /8h now · paid −0.018% over the last 7D
Price—spread +0.115% now · no price history on both exchanges yet
Costsno datano order book for AZverse
Result, before costs—+ Points / potential airdropExtended: points · farm boardneeds both price histories
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.115%
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
/8hOPENAI on 26 exchanges
lowest funding firstBefore you open
3 ok · 1 to watch- Note: Order book unknown—No order-book sample for AZverse: its slippage is not counted.
- Note: Margin at max leverage$1,000 + —Extended 10x, AZverse —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$0.39Long Extended: 24 payments, −$1.44; short AZverse: 24 payments, +$1.05.
- Note: No 7-day spread history+0.115%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$76K vs $137K OIAZverse sets your exit cost. Check its book before closing.
- OK: Points on a legExtended pointsVolume here counts toward the points program.
- OK: No KYC on either legExtended No · AZverse NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0009%/8h × 21 periods−$1.88
Price spread+0.115% → 0+$11.51
Slippage, 4 ordersno data for AZverse—
Fee Extended bp × 2 orders−$5.00
Fee AZverse bp × 2 orders−$12.00
Net, fees only · 7 days · $10k−$7.36
Costs to cover0.170%Break-evennever at this rate
Slippage: Extended: live order book, 45 min ago; AZverse: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGExtended2.5816.6 bp−$17134.3 bp−$1,343doesn’t fitdoesn’t fit
SELL · SHORTAZverse—————
Closing costs about the same again.
AZverse: no data.
| 10-31 00:41 | Kalshi | Other | JUST IN: OpenAI slashes latest funding target by $10 billion @Kalshi on X ↗ |
| 10-30 19:00 | Kalshi | Other | JUST IN: Wall Street executives expect OpenAI to go public in "early 2027" @Kalshi on X ↗ |
| 10-30 15:47 | Kalshi | Other | JUST IN: Japan asks Anthropic and OpenAI for "more access" to advanced models @Kalshi on X ↗ |
| 10-29 16:24 | Kalshi | Other | JUST IN: Sam Altman says OpenAI is working toward "self-replicating" data centers, with AI-powered robots building new facilities and solar panels @Kalshi on X ↗ |
| 10-29 07:31 | Kalshi | Other | JUST IN: DeepSeek and Moonshot used OpenAI’s GPT-6 Astra to train new models @Kalshi on X ↗ |
| 10-28 13:40 | Ondo Perps | Listing | OpenAI Private Market Note (OPAIPon) is now live as collateral. In a landmark first, tokenized exposure to OpenAI is now usable as collateral on the same platform as pre-IPO OpenAI perps. This unlocks a new basis trade: Hold spot OPAIPon for tokenized OpenAI exposure, post it as collateral, and short the OPENAI perp. When the OPENAI perp trades at a premium to OPAIPon, this basis trade aims to capture that gap as the two prices converge. Holding spot and shorting the perp can capture that convergence if spot rises toward the perp, the perp falls toward spot, or both. Traders can also earn funding payments when rates are positive. Using OPAIPon as collateral also makes hedging more capital efficient. Traders can hold tokenized OpenAI exposure and use those same holdings to contribute margin for a short OPENAI perp, reducing the need for additional stablecoin collateral. Deploy OPAIPon as productive capital ↓ @OndoPerps on X ↗ |

Kalshi