Funding you earn now, next payment 07:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.048%
Price spread now: Entropy against Variational Omni+3.242%7-day average +5.224% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.208%+$21 on $10k
+Price spread, last 7 days+3.139%+$314 · spread now +3.242%, 7d avg +5.224%
=Together, before fees+3.347%+ Points / potential airdropVariational Omni: Active · farm board+$335 on $10k · with fees, hour by hour
Funding pays, the price is against you. Entropy is 1.982% cheaper against Variational Omni than usual: you would sell low and buy high (spread +3.242% now, against its 7-day average of +5.224%). If the spread goes back, that is −$198 on $10k: about 2 months of funding at the current rate (+$3 a day). At the pace of the last 4 days (+0.208% in total) that is about 34 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni OPENAI | 1,617.6 | 0.0050 | pay 0.0050% / 8h | 1h 33m | $2.6M | $757K | — |
| Short | Entropy io:OAI | 1,670 | 0.0142 | get 0.0018% / 1h | 33m 11s | $7.7M | $2.3M | 6x |
Variational Omni OPENAI
Entropy io:OAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy 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
- $19.36
- Price spread: +3.242% → +5.224%
- −$198.17
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$196.81
- Costs to cover
- 0.180%
- Break-even
- 78.2 days
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Entropy: live order book, 4 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, 1 min ago | 3.93 bp | doesn't fit | 82.3 bp −$823 | doesn't fit | doesn't fit |
| Sell Entropy live order book, 4 min ago | 3.59 bp | doesn't fit | doesn't fit | 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-USD | −0.0002% | 1h | 1,617.4 | −0.008% | $1.2M | $623K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,712.5 | +5.872% | $1.4M | $264K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,658.1 | +2.505% | $752K | $204K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,648 | +1.882% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,614.9 | −0.162% | $52.3M | $18.1M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,619.5 | +0.121% | $5.4M | $4.6M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,619.1 | +0.095% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,617.5 | −0.005% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,617.8 | +0.014% | $79K | $227K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,617.3 | −0.013% | $1.6M | $511K | 10x | as long as short |
QFEX OPENAI-USD
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 | 1,679.5 | +3.832% | $2.7M | $6.0M | 5x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0040% | 1h | 1,625 | +0.463% | $226K | $162K | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0046% | 8h | 1,617.4 | −0.013% | $473K | $289K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,617.4 | −0.007% | $144K | $581K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,622 | +0.275% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,617.8 | +0.017% | $22.8M | $16.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,617.7 | +0.011% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,620.3 | +0.168% | $372K | $68K | 20x | as long as short |
| Variational Omni OPENAIlong | +0.0050% | 8h | 1,617.6 | long leg | $2.6M | $757K | — | |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,617.5 | −0.003% | $2K | $176K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,617.6 | +0.001% | — | — | 10x | as long as short |
| Entropy io:OAIshort | +0.0142% | 1h | 1,670 | +3.242% | $7.7M | $2.3M | 6x |
Lighter RH OPENAI
Coinbase International OPENAI-PERP-INTX
BloFin OPENAI-USDT
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP