Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.015%
Price spread now: Bybit against Variational Omni+2.982%7-day average +2.962% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.045%−$5 on $10k
+Price spread, last 4 days (all we have)−0.511%−$51 · spread now +2.982%, 7d avg +2.962%
=Together, before fees−0.556%+ Points / potential airdropVariational Omni: Active · farm board−$56 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.020% dearer against Variational Omni than usual: you sell high and buy low (spread +2.982% now, against its 7-day average of +2.962%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 32 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni OPENAI | 1,622.2 | 0.0050 | pay 0.0050% / 8h | 1h 35m | $2.6M | $757K | — |
| Short | Bybit OPENAIUSDT | 1,670.6 | 0 | get 0.0000% / 8h | 1h 35m | $760K | $225K | 25x |
Variational Omni OPENAI
Bybit OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Variational Omni. 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
- −$10.5
- Price spread: +2.982% → +2.962%
- $2.02
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$19.48
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Bybit: live order book, 44 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 Variational Omni RFQ quote, 4 min ago | 3.35 bp | doesn't fit | 127.6 bp −$1,276 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 44 min ago | 18.03 bp | 71.7 bp −$72 | 478.5 bp −$4,785 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit OPENAI_USDC-PERPETUAL | −0.0182% | 1h | 1,622.7 | +0.028% | — | $3 | 5x | as long as short |
| QFEX OPENAI-USD | −0.0005% | 1h | 1,621.9 | −0.018% | $1.2M | $384K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,694.4 | +4.450% | $1.4M | $289K | 5x | as long as short |
| Bybit OPENAIUSDTshort | 0.0000% | 8h | 1,670.6 | +2.982% | $760K | $225K | 25x | |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,654.7 | +2.003% | $5.1M | $1.4M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,619.4 | −0.171% | $52.6M | $40.6M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,624.1 | +0.118% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,624.1 | +0.117% | — | $2.6M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,623.1 | +0.054% | $79K | $213K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,622.6 | +0.027% | $1.6M | $579K | 10x | as long as short |
Deribit OPENAI_USDC-PERPETUAL
QFEX OPENAI-USD
Lighter OPENAI
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
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 | +2.639% | $2.6M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,622 | −0.015% | $131K | $670K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,629.5 | +0.452% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,622.5 | +0.015% | $23.1M | $20.8M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,622.5 | +0.016% | $13.0M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,636.1 | +0.858% | $377K | $64K | 20x | as long as short |
| Variational Omni OPENAIlong | +0.0050% | 8h | 1,622.2 | long leg | $2.6M | $757K | — | |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,624.6 | +0.146% | $2K | $152K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0060% | 8h | 1,621.2 | −0.062% | $471K | $295K | 20x | as long as short |
| Entropy io:OAI | +0.0094% | 1h | 1,661.8 | +2.441% | $7.3M | $2.2M | 6x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,622.5 | +0.019% | — | — | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0456% | 1h | 1,623.7 | +0.093% | $237K | $108K | 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