TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
My profile →
My profile
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG1,352.5+0.0050pay 0.0050% / 8h3h 57m$913K$1.3M20xLong Variational Omni+15% pts
SHORT1,355+0.0035get 0.0004% / 1h57m 43s$76K$27K—Short AZverse
Price gap+0.182%
Funding gap−0.0015% /8h

The gap pays +$18 on $10k if it goes back to zero (no 7-day history yet), but funding costs $0 a day and eats that in about 41 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$2−0.0015% /8h now · paid −0.022% over the last 7D
Price—spread +0.182% now · no price history on both exchanges yet
Costsno datano order book for AZverse
Result, before costs—+ Points / potential airdropVariational Omni: points · farm boardneeds both price histories

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.182%
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

2 ok · 2 to watch
  • Note: Order book unknown—
    No order-book sample for AZverse: its slippage is not counted.
  • Note: Margin at max leverage$500 + —
    Variational Omni 20x, AZverse —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ8h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$0.45Long Variational Omni: 3 payments, −$1.50; short AZverse: 24 payments, +$1.05.
  • Note: No 7-day spread history+0.182%
    The gap cannot be compared with its average yet.
  • Watch: Short leg is thinner$76K vs $913K OI
    AZverse sets your exit cost. Check its book before closing.
  • OK: Points on a legVariational Omni points
    Volume here counts toward the points program.
  • OK: No KYC on either legVariational Omni No · AZverse 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−0.0011%/8h × 21 periods−$2.32
Price spread+0.182% → 0+$18.21
Slippage, 4 ordersno data for AZverse—
Fee Variational Omni bp × 2 orders$0.00
Fee AZverse bp × 2 orders−$12.00
Net, fees only · 7 days · $10k+$3.90
Costs to cover0.120%Break-evenfrom the start
Slippage: Variational Omni: RFQ quote, 1 min ago; AZverse: no order-book sample

Cost to enter

taker + slippage from mid, one side
BUY · LONGVariational Omni3.4752.5 bp−$5399.2 bp−$992doesn’t fitdoesn’t fit
SELL · SHORTAZverse—————

Closing costs about the same again.
AZverse: no data.

Alert

OPENAI news

posts that mention OPENAI or OpenAI, from every exchangeSearch all news →
10-31 00:41KalshiOtherJUST IN: OpenAI slashes latest funding target by $10 billion @Kalshi on X ↗
10-30 19:00KalshiOtherJUST IN: Wall Street executives expect OpenAI to go public in "early 2027" @Kalshi on X ↗
10-30 15:47KalshiOtherJUST IN: Japan asks Anthropic and OpenAI for "more access" to advanced models @Kalshi on X ↗
10-29 16:24KalshiOtherJUST IN: Sam Altman says OpenAI is working toward "self-replicating" data centers, with AI-powered robots building new facilities and solar panels @Kalshi on X ↗
10-29 07:31KalshiOtherJUST IN: DeepSeek and Moonshot used OpenAI’s GPT-6 Astra to train new models @Kalshi on X ↗
10-28 13:40Ondo PerpsListingOpenAI Private Market Note (OPAIPon) is now live as collateral. In a landmark first, tokenized exposure to OpenAI is now usable as collateral on the same platform as pre-IPO OpenAI perps. This unlocks a new basis trade: Hold spot OPAIPon for tokenized OpenAI exposure, post it as collateral, and short the OPENAI perp. When the OPENAI perp trades at a premium to OPAIPon, this basis trade aims to capture that gap as the two prices converge. Holding spot and shorting the perp can capture that convergence if spot rises toward the perp, the perp falls toward spot, or both. Traders can also earn funding payments when rates are positive. Using OPAIPon as collateral also makes hedging more capital efficient. Traders can hold tokenized OpenAI exposure and use those same holdings to contribute margin for a short OPENAI perp, reducing the need for additional stablecoin collateral. Deploy OPAIPon as productive capital ↓ @OndoPerps on X ↗