Funding you earn now, next payment 12:00 UTC+0.0150%/8h= +16.4% APRpaid last 24h +0.041%
Price spread now: Entropy against GRVT+2.756%7-day average +4.227% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.477%+$48 on $10k
+Price spread, last 4 days (all we have)+2.820%+$282 · spread now +2.756%, 7d avg +4.227%
=Together, before fees+3.296%+ Points / potential airdropGRVT: Active · farm board+$330 on $10k · with fees, hour by hour
Funding pays, the price is against you. Entropy is 1.471% cheaper against GRVT than usual: you would sell low and buy high (spread +2.756% now, against its 7-day average of +4.227%). If the spread goes back, that is −$147 on $10k: about 33 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT OPENAI_USDT_Perp | 1,645.9 | 0.0050 | pay 0.0050% / 8h | 4h 09m | $2K | $179K | 10x |
| Short | Entropy io:OAI | 1,691.3 | 0.0200 | get 0.0025% / 1h | 9m 17s | $7.8M | $2.6M | 6x |
GRVT OPENAI_USDT_Perp
Entropy io:OAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy against GRVT. 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
- $31.42
- Price spread: +2.756% → +4.227%
- −$147.1
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$142.68
- Costs to cover
- 0.270%
- Break-even
- 38.8 days
Slippage unknown: GRVT: live order book, 31 min ago; Entropy: 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 GRVT live order book, 31 min ago | 2.90 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Entropy live order book, 1 min ago | 3.84 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
OPENAI on 22 exchanges
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 | −0.0001% | 1h | 1,647 | +0.067% | $1.2M | $704K | 10x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,679.2 | +2.020% | $722K | $321K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,672.2 | +1.596% | $5.2M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,644 | −0.120% | $52.3M | $20.9M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,648.9 | +0.182% | $5.6M | $3.8M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,648.2 | +0.138% | — | $1.5M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,645.8 | −0.011% | $3K | $3K | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,647.4 | +0.090% | $80K | $175K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,646.7 | +0.046% | $1.6M | $513K | 10x | as long as short |
| Lighter OPENAI | +0.0024% | 1h | 1,732.4 | +5.256% | $1.4M | $278K | 5x | as long as short |
QFEX OPENAI-USD
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDT
Phemex OPENAIUSDT
Lighter OPENAIShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,698 | +3.164% | $2.8M | $6.5M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,646.5 | +0.037% | $146K | $1.1M | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,647.2 | +0.074% | $215K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,647.1 | +0.071% | $23.4M | $19.8M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,647.9 | +0.122% | $6.6M | $2.5M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,652.3 | +0.387% | $385K | $361K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,646.7 | +0.044% | $2.6M | $797K | — | as long as short |
| GRVT OPENAI_USDT_Perplong | +0.0050% | 8h | 1,645.9 | long leg | $2K | $179K | 10x | |
| BloFin OPENAI-USDT | +0.0062% | 8h | 1,646.5 | +0.031% | $490K | $361K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,646.4 | +0.031% | — | — | 10x | as long as short |
| Entropy io:OAIshort | +0.0200% | 1h | 1,691.3 | +2.756% | $7.8M | $2.6M | 6x | |
| Coinbase International OPENAI-PERP-INTX | +0.1008% | 1h | 1,652.3 | +0.389% | $231K | $178K | 5x | as long as short |
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
BloFin OPENAI-USDT
Aevo OPENAI-PERP
Coinbase International OPENAI-PERP-INTX