Funding you earn now, next payment 08:00 UTC+0.0119%/8h= +13.0% APRpaid last 24h +0.061%
Price spread now: Entropy against OKX+1.185%7-day average +3.236% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.590%+$59 on $10k
+Price spread, last 7 days+3.335%+$333 · spread now +1.185%, 7d avg +3.236%
=Funding pays, the price is against you. Entropy is 2.051% cheaper against OKX than usual: you would sell low and buy high (spread +1.185% now, against its 7-day average of +3.236%). If the spread goes back, that is −$205 on $10k: about 58 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.590% in total) that is about 24 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX OPENAI-USDT-SWAP | 1,645.7 | 0 | get 0.0000% / 8h | 18m 42s | $5.1M | $1.3M | 20x |
| Short | Entropy io:OAI | 1,665.2 | 0.0119 | get 0.0015% / 1h | 18m 42s | $7.6M | $2.3M | 6x |
OKX OPENAI-USDT-SWAP
Entropy io:OAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy against OKX. 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
- $24.94
- Price spread: +1.185% → +3.236%
- −$205.15
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$208.21
- Costs to cover
- 0.280%
- Break-even
- 65.4 days
Slippage unknown: OKX: live order book, 4 min ago; Entropy: live order book, 8 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 OKX live order book, 4 min ago | 1.21 bp | 25.8 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell Entropy live order book, 8 min ago | 2.40 bp | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX OPENAI-USD | −0.0005% | 1h | 1,616.5 | −1.772% | $1.2M | $613K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,705.1 | +3.611% | $1.4M | $269K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,658.6 | +0.781% | $738K | $262K | 25x | as long as short |
| OKX OPENAI-USDT-SWAPlong | 0.0000% | 8h | 1,645.7 | long leg | $5.1M | $1.3M | 20x | |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,614.1 | −1.923% | $45.4M | $14.0M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,616.6 | −1.770% | $5.3M | $4.4M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,618.2 | −1.671% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,616.6 | −1.766% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,617.7 | −1.700% | $79K | $224K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,615.9 | −1.813% | $1.6M | $503K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDT
Phemex OPENAIUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,671.9 | +1.592% | $2.7M | $6.2M | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0037% | 8h | 1,616.8 | −1.758% | $476K | $294K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,616.2 | −1.795% | $142K | $806K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,619 | −1.620% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,616.6 | −1.769% | $22.8M | $16.7M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,617.1 | −1.736% | $6.6M | $5.0M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,617.3 | −1.726% | $373K | $70K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,616.7 | −1.760% | $2.6M | $760K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,616.5 | −1.774% | $2K | $176K | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0072% | 1h | 1,623.7 | −1.334% | $235K | $174K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,616.5 | −1.774% | — | — | 10x | as long as short |
| Entropy io:OAIshort | +0.0119% | 1h | 1,665.2 | +1.185% | $7.6M | $2.3M | 6x |
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
Coinbase International OPENAI-PERP-INTX
Aevo OPENAI-PERP