Funding you earn now, next payment 23:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h +0.016%
Price spread now: Variational Omni against QFEX−0.038%47s7-day average +0.007% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.048%+$5 on $10k
+Price spread, last 7 days+0.012%+$1 · spread now −0.038%, 7d avg +0.007%
=Together, before fees+0.060%+ Points / potential airdropVariational Omni: Active · farm board+$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.045% cheaper against QFEX than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of +0.007%). If the spread goes back, that is −$4 on $10k: about 2.7 days of funding at the current rate (+$2 a day). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX OPENAI-USD | 1,619.2 | −0.0005 | get 0.0001% / 1h | 25m 48s | $1.2M | $387K | 10x |
| Short | Variational Omni OPENAI | 1,618.6 | 0.0050 | get 0.0050% / 8h | 1h 25m | $2.6M | $757K | — |
QFEX OPENAI-USD
Variational Omni OPENAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against QFEX. 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
- $11.58
- Price spread: −0.038% → +0.007%
- −$4.5
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$2.92
- Costs to cover
- 0.100%
- Break-even
- 8.8 days
Slippage unknown: QFEX: live order book, 6 min ago; Variational Omni: RFQ quote, 3 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 QFEX live order book, 6 min ago | 2.72 bp | 9.5 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 3.31 bp | doesn't fit | 92.5 bp −$925 | 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-USDlong | −0.0005% | 1h | 1,619.2 | long leg | $1.2M | $387K | 10x | |
| Lighter OPENAI | 0.0000% | 1h | 1,694.1 | +4.622% | $1.4M | $291K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,666.8 | +2.937% | $762K | $226K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,651.8 | +2.013% | $5.1M | $1.4M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,616.4 | −0.177% | $52.5M | $40.7M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,621.6 | +0.148% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,621.4 | +0.135% | — | $2.6M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,620.4 | +0.072% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,619.1 | −0.007% | $78K | $213K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,619.1 | −0.010% | $1.6M | $578K | 10x | as long as short |
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
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 | 1,665.2 | +2.839% | $2.6M | $6.3M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,619.3 | +0.003% | $131K | $670K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,625.8 | +0.406% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,619 | −0.015% | $23.0M | $20.5M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,619.2 | −0.001% | $12.9M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,636.1 | +1.044% | $377K | $64K | 20x | as long as short |
| Variational Omni OPENAIshort | +0.0050% | 8h | 1,618.6 | −0.038% | $2.6M | $757K | — | |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,619.5 | +0.017% | $2K | $151K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0051% | 8h | 1,620.9 | +0.103% | $473K | $294K | 20x | as long as short |
| Entropy io:OAI | +0.0075% | 1h | 1,660.6 | +2.556% | $7.3M | $2.2M | 6x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,619.8 | +0.037% | — | — | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0456% | 1h | 1,620.8 | +0.096% | $235K | $140K | 5x | as long as short |
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Entropy io:OAI
Aevo OPENAI-PERP
Coinbase International OPENAI-PERP-INTX