Funding you earn now, next payment 05:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h −0.016%
Price spread now: QFEX against Variational Omni+0.016%7-day average −0.010% · 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)−0.054%−$5 on $10k
+Price spread, last 7 days−0.032%−$3 · spread now +0.016%, 7d avg −0.010%
=Together, before fees−0.085%+ Points / potential airdropVariational Omni: Active · farm board−$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.026% dearer against Variational Omni than usual: you sell high and buy low (spread +0.016% now, against its 7-day average of −0.010%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 40 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni OPENAI | 1,620.4 | 0.0050 | pay 0.0050% / 8h | 3h 49m | $2.6M | $766K | — |
| Short | QFEX OPENAI-USD | 1,620.7 | −0.0001 | pay 0.0000% / 1h | 49m 56s | $1.2M | $559K | 10x |
Variational Omni OPENAI
QFEX OPENAI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$10.77
- Price spread: +0.016% → −0.010%
- $2.59
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$18.18
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; QFEX: live order book, 6 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 | 3.76 bp | doesn't fit | 74.3 bp −$743 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 2.07 bp | 9.3 bp −$9 | 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-USDshort | −0.0001% | 1h | 1,620.7 | +0.016% | $1.2M | $559K | 10x | |
| Lighter OPENAI | 0.0000% | 1h | 1,712 | +5.655% | $1.4M | $265K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,663.3 | +2.647% | $755K | $207K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,650.7 | +1.870% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,617.4 | −0.186% | $52.3M | $25.3M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,622.7 | +0.143% | $5.5M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,623.5 | +0.192% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,621.5 | +0.069% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,622.3 | +0.117% | $79K | $221K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,620.8 | +0.026% | $1.6M | $543K | 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 | 1,679.6 | +3.656% | $2.7M | $6.2M | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0046% | 8h | 1,621.3 | +0.053% | $473K | $286K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,620.2 | −0.010% | $141K | $737K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,627.6 | +0.442% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,620.7 | +0.019% | $22.8M | $17.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,620.6 | +0.009% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,625.3 | +0.304% | $375K | $68K | 20x | as long as short |
| Variational Omni OPENAIlong | +0.0050% | 8h | 1,620.4 | long leg | $2.6M | $766K | — | |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,621.5 | +0.067% | $2K | $155K | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0056% | 1h | 1,622 | +0.100% | $226K | $162K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,620.6 | +0.011% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0161% | 1h | 1,674.1 | +3.314% | $7.7M | $2.3M | 6x | as long as short |
Lighter RH OPENAI
BloFin OPENAI-USDT
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
GRVT OPENAI_USDT_Perp
Coinbase International OPENAI-PERP-INTX
Aevo OPENAI-PERP
Entropy io:OAI