OPENAI

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	QFEXOPENAI-USD	1,407.3	+0.0480	pay 0.0060% / 1h	44m 29s	$1.6M	$122K	10x	Long QFEX10% back
SHORT	Ondo PerpsOPENAI-USD.P	1,424.6	+0.0001	0.0000% / 1h	44m 29s	$286K	$59K	3x	Short Ondo Perps5% off

Price gap+1.228%

Funding gap−0.0479% /8h

The gap pays +$41 on $10k if it goes back to its 7d average, but funding costs $14 a day and eats that in about 2.9 days. At the last 7 days' pace that is about 6.2 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$46−0.0479% /8h now · paid −0.464% over the last 7D

Price+$41spread +1.228% now, avg +0.815% → +0.413% if it goes back

Costs−$1441.444% of $10k · taker + slippage, in and out

Result−$149−1.49%+ Points / potential airdropOndo Perps: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / 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+1.228%

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

/8h

OPENAI on 26 exchanges

lowest funding first

Before you open

4 ok · 2 to watch

Watch: Thin at this size14.5 / 100.7 bp
At $10k entering Ondo Perps costs 100.7 bp, fee and slippage, 6.9× QFEX’s.
Note: Margin at max leverage$1,000 + $3,333
QFEX 10x, Ondo Perps 3x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$14.38Long QFEX: 24 payments, −$14.40; short Ondo Perps: 24 payments, +$0.02.
OK: Entry gap works for you+1.228% vs +0.815%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$286K vs $1.6M OI
Ondo Perps sets your exit cost. Check its book before closing.
OK: Points on a legOndo Perps points
Volume here counts toward the points program.
OK: No KYC on either legQFEX No · Ondo Perps No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0221%/8h × 21 periods−$46.38

Price spread+1.228% → +0.815% (7d avg)+$41.28

Slippage, 4 orderslive order books−$119.38

Fee QFEX bp × 2 orders−$20.00

Fee Ondo Perps bp × 2 orders−$5.00

Net · 7 days · $10k−$149.48

Costs to cover1.444%Break-evennever at this rate

Slippage: QFEX: live order book, 3 min ago; Ondo Perps: live order book, 13 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGQFEX3.3714.5 bp−$1447.1 bp−$471doesn’t fitdoesn’t fit

SELL · SHORTOndo Perps10.52100.7 bp−$101260.3 bp−$2,603doesn’t fitdoesn’t fit

Closing costs about the same again.

OPENAI news

posts that mention OPENAI or OpenAI, from every exchangeSearch all news →

10-24 19:20	Kalshi	Other	JUST IN: UK partners with OpenAI, Anthropic, and Google to launch AI lab focused on preventing biological threats @Kalshi on X ↗
10-23 22:30	Markets by Kinetiq	Other	OpenAI's pre-IPO price is down 10% this month while Anthropic's is down 7%. China's Moonshot says its Kimi K3.1 Pro matches Claude Opus 5.5 on Terminal-Bench for about a third of the cost. @Markets_xyz on X ↗
10-23 19:45	Kalshi	Other	JUST IN: OpenAI to train frontier models without internet access @Kalshi on X ↗
10-23 12:45	Kalshi	Other	JUST IN: Wall Street urges Anthropic and OpenAI to go public by the year's end @Kalshi on X ↗
10-22 20:22	Kalshi	Other	JUST IN: OpenAI nears $30 billion funding round at $1.25 trillion valuation @Kalshi on X ↗
10-21 18:00	Kalshi	Other	JUST IN: OpenAI to sell its frontier models, including GPT-6 Astra, and Codex through Google Cloud, per Reuters @Kalshi on X ↗