Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,343 | +0.0080 | pay 0.0010% / 1h | 8m 50s | $987K | $1.1M | 10x | Long QFEX37% off | |
| SHORT | 1,350.3 | 0 | 0.0000% / 1h | 8m 50s | $515K | $589K | 5x | Short Deribit |
Price gap+0.543%
Funding gap−0.0080% /8h
The gap pays +$29 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 12 days. At the last 7 days' pace that is about 3.5 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$57−0.0080% /8h now · paid −0.569% over the last 7D
Price+$29spread +0.543% now, avg +0.256% → +0.287% if it goes back
Costs−$880.878% of $10k · taker + slippage, in and out
Result−$116−1.16%no points
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+0.543%
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
2 ok · 3 to watch- Watch: Thin at this size15.3 / 25.1 bpAt $10k entering Deribit costs 25.1 bp, fee and slippage, 1.6× QFEX’s.
- Note: Margin at max leverage$1,000 + $2,000QFEX 10x, Deribit 5x. 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: −$2.40Long QFEX: 24 payments, −$2.40; short Deribit: 24 payments, $0.00.
- OK: Entry gap works for you+0.543% vs +0.256%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$515K vs $987K OIDeribit sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCQFEX No · Deribit YesID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0271%/8h × 21 periods−$56.95
Price spread+0.543% → +0.256% (7d avg)+$28.66
Slippage, 4 orderslive order books−$60.78
Fee QFEX bp × 2 orders−$20.00
Fee Deribit bp × 2 orders−$7.00
Net · 7 days · $10k−$116.07
Costs to cover0.878%Break-evennever at this rate
Slippage: QFEX: live order book, 5 min ago; Deribit: live order book, 12 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGQFEX3.0215.3 bp−$1525.9 bp−$259doesn’t fitdoesn’t fit
SELL · SHORTDeribit1.1525.1 bp−$2572.4 bp−$724doesn’t fitdoesn’t fit
Closing costs about the same again.
OPENAI news
posts that mention OPENAI or OpenAI, from every exchange| 11-05 10:40 | Kalshi | Other | JUST IN: OpenAI to cover full power costs of future data centers @Kalshi on X ↗ |
| 11-05 10:00 | Ondo Perps | Contest | CHALLENGE: Predict & win up to 200 USDC. We’re giving out up to 200 USDC to 5 winners who can accurately predict the price of pre-IPO OPENAI perps. To participate: 1. Follow @OndoPerps 2. Like and repost this post 3. Drop a comment with your price prediction for the OPENAI Pre-IPO perps on Ondo Perps on November 12 at 10AM UTC. The closest call wins 200 USDC. The next two closest will win 100 USDC each, and the two closest after that will win 50 USDC each. Trade OPENAI perps now ↓ @OndoPerps on X ↗ |
| 11-05 10:00 | Ondo Perps | Contest | Details: 1. Giveaway ends 12 Nov, 10AM UTC. 2. The reference price for OPENAI perps to determine the winners will be taken from the one minute candle open at 12 Nov, 10AM UTC. 3. Winners will receive a DM from @OndoPerps requesting Account IDs. 4. Prizes will be credited to winners’ Ondo Perps accounts in USDC by 20 Nov, 10AM UTC. @OndoPerps on X ↗ |
| 11-04 19:06 | Ondo Perps | Other | Open interest is in the spotlight. Due to popular demand, this week’s trading activity pool will reward open interest across all perps on the platform. In addition, we have increased the size of each of the three weekly rewards pools: ▸ Liquidity Pool: 112.5K USDC Weekly Earn by providing resting liquidity within 25 bps of the mid price on eligible markets. 85% of the pool goes to liquidity from mid to 5 bps, 10% to 6–10 bps, and 5% to 11–25 bps. ▸ Volume Pool: 112.5K USDC Weekly Earn by trading any perps market, as a maker or taker. ▸ Trading Activity (Open Interest): 25K USDC Weekly Earn by holding open positions. For those who have already traded OpenAI exposure on spot or OPENAI perps, there will be an additional pro rata bonus for OpenAI spot and perp trading activity up until Nov. 4 at 19:00 UTC. Rewards this week run from Tuesday, 3 Nov, 00:00 UTC to Monday, 9 Nov, 23:59 UTC. See this week’s eligible markets for the liquidity pool below ↓ @OndoPerps on X ↗ |
| 11-04 14:46 | Ondo Perps | Listing | “There’s a real demand for the average investor to access companies that are not yet public.” Ondo Perps CEO @wellsda2 on why private markets are coming onchain. Until now, pre-IPO exposure has been: → Gated to high net worth and institutions → Locked to the platform you bought on → Hard to enter and exit positions Ondo Private Markets changes this by bringing private-company exposure onchain, opening it up to eligible investors beyond high net worth and institutions. Each asset is a tokenized note that trades on the Ondo Perps spot order book. The first asset, OpenAI Private Market Note (OPAIPon), is live now on Ondo Perps. More to come soon. @OndoPerps on X ↗ |
| 11-04 11:46 | Kalshi | Other | JUST IN: OpenAI acquires startup to challenge Microsoft's GitHub with Codex @Kalshi on X ↗ |
Kalshi
Ondo Perps