Funding you earn now, next payment 08:00 UTC+0.0119%/8h= +13.0% APRpaid last 24h +0.061%
Price spread now: Entropy against Phemex+3.080%7-day average +4.322% · 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 4 days (all we have)+2.394%+$239 · spread now +3.080%, 7d avg +4.322%
=Funding pays, the price is against you. Entropy is 1.243% cheaper against Phemex than usual: you would sell low and buy high (spread +3.080% now, against its 7-day average of +4.322%). If the spread goes back, that is −$124 on $10k: about 35 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 15 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex OPENAIUSDT | 1,615.5 | 0 | get 0.0000% / 8h | 18m 05s | $1.6M | $503K | 10x |
| Short | Entropy io:OAI | 1,665.2 | 0.0119 | get 0.0015% / 1h | 18m 05s | $7.6M | $2.3M | 6x |
Phemex OPENAIUSDT
Entropy io:OAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy against Phemex. 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: +3.080% → +4.322%
- −$124.27
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$129.33
- Costs to cover
- 0.300%
- Break-even
- 43.3 days
Slippage unknown: Phemex: live order book, 5 min ago; Entropy: live order book, 9 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 Phemex live order book, 5 min ago | 3.71 bp | 69.2 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
| Sell Entropy live order book, 9 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 | +0.036% | $1.2M | $613K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,704.8 | +5.533% | $1.4M | $269K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,658.6 | +2.668% | $738K | $262K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,645.7 | +1.873% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,614.4 | −0.064% | $45.4M | $14.0M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,617 | +0.093% | $5.3M | $4.4M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,617.3 | +0.115% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,615.6 | +0.006% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,616 | +0.032% | $79K | $225K | 20x | as long as short |
| Phemex OPENAIUSDTlong | 0.0000% | 8h | 1,615.5 | long leg | $1.6M | $503K | 10x |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,671.2 | +3.453% | $2.7M | $6.2M | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0037% | 8h | 1,616.8 | +0.082% | $476K | $294K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,616.1 | +0.039% | $142K | $806K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,618.8 | +0.207% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,616.4 | +0.057% | $22.8M | $16.6M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,616.1 | +0.040% | $6.6M | $5.0M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,617.1 | +0.104% | $373K | $70K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,616.7 | +0.080% | $2.6M | $760K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,616.5 | +0.066% | $2K | $176K | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0072% | 1h | 1,623.7 | +0.513% | $235K | $174K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,616.1 | +0.042% | — | — | 10x | as long as short |
| Entropy io:OAIshort | +0.0119% | 1h | 1,665.2 | +3.080% | $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