Funding you earn now, next payment 09:00 UTC+0.0237%/8h= +26.0% APRpaid last 24h +0.059%
Price spread now: Entropy against Bybit+0.755%7-day average +1.527% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.588%+$59 on $10k
+Price spread, last 4 days (all we have)+2.377%+$238 · spread now +0.755%, 7d avg +1.527%
=Funding pays, the price is against you. Entropy is 0.772% cheaper against Bybit than usual: you would sell low and buy high (spread +0.755% now, against its 7-day average of +1.527%). If the spread goes back, that is −$77 on $10k: about 11 days of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit OPENAIUSDT | 1,658 | 0 | get 0.0000% / 8h | 7h 36m | $719K | $278K | 25x |
| Short | Entropy io:OAI | 1,670.5 | 0.0237 | get 0.0030% / 1h | 36m 30s | $7.6M | $2.3M | 6x |
Bybit OPENAIUSDT
Entropy io:OAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy against Bybit. 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
- $49.84
- Price spread: +0.755% → +1.527%
- −$77.23
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$56.39
- Costs to cover
- 0.290%
- Break-even
- 14.9 days
Slippage unknown: Bybit: live order book, 58 min ago; Entropy: live order book, 9 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 Bybit live order book, 58 min ago | 13.90 bp | 28.1 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Entropy live order book, 9 min ago | 2.69 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit OPENAI_USDC-PERPETUAL | −0.0085% | 1h | 1,620.2 | −2.279% | $3K | $3K | 5x | as long as short |
| QFEX OPENAI-USD | −0.0004% | 1h | 1,619 | −2.351% | $1.2M | $632K | 10x | as long as short |
| Bybit OPENAIUSDTlong | 0.0000% | 8h | 1,658 | long leg | $719K | $278K | 25x | |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,648.7 | −0.560% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,618.1 | −2.407% | $45.9M | $9.9M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,621.5 | −2.199% | $5.4M | $3.9M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,621.6 | −2.194% | — | $2.3M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,620.2 | −2.277% | $79K | $225K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,619.3 | −2.333% | $1.6M | $498K | 10x | as long as short |
| Lighter OPENAI | +0.0008% | 1h | 1,710.7 | +3.178% | $1.4M | $274K | 5x | as long as short |
Deribit OPENAI_USDC-PERPETUAL
QFEX OPENAI-USD
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Phemex OPENAIUSDT
Lighter OPENAIShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,677.5 | +1.174% | $2.7M | $6.2M | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0045% | 8h | 1,619.8 | −2.300% | $476K | $296K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,618.7 | −2.369% | $142K | $808K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,621.5 | −2.198% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,619.2 | −2.340% | $22.9M | $16.3M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,622.1 | −2.163% | $6.6M | $2.4M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,620.7 | −2.250% | $373K | $103K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,624.1 | −2.045% | $2.6M | $760K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,624 | −2.052% | $2K | $173K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,618.8 | −2.361% | — | — | 10x | as long as short |
| Entropy io:OAIshort | +0.0237% | 1h | 1,670.5 | +0.755% | $7.6M | $2.3M | 6x | |
| Coinbase International OPENAI-PERP-INTX | +0.0344% | 1h | 1,629 | −1.748% | $236K | $172K | 5x | as long as short |
Lighter RH OPENAI
BloFin OPENAI-USDT
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Coinbase International OPENAI-PERP-INTX