Funding you earn now, next payment 04:00 UTC+0.0076%/8h= +8.4% APRnext payment +$0.10 per $10,000 · paid last 24h −0.176%
Price spread now: Entropy against Coinbase International+3.149%7-day average +3.928% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.211%−$21 on $10k
+Price spread, last 4 days (all we have)+1.312%+$131 · spread now +3.149%, 7d avg +3.928%
=Funding pays, the price is against you. Entropy is 0.779% cheaper against Coinbase International than usual: you would sell low and buy high (spread +3.149% now, against its 7-day average of +3.928%). If the spread goes back, that is −$78 on $10k: about 34 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.211%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International OPENAI-PERP-INTX | 1,622 | 0.0056 | pay 0.0007% / 1h | 42m 25s | $226K | $162K | 5x |
| Short | Entropy io:OAI | 1,673.1 | 0.0132 | get 0.0017% / 1h | 42m 25s | $7.7M | $2.3M | 6x |
Coinbase International OPENAI-PERP-INTX
Entropy io:OAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy against Coinbase International. 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
- $16.02
- Price spread: +3.149% → +3.928%
- −$77.92
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$89.9
- Costs to cover
- 0.280%
- Break-even
- 46.3 days
Slippage unknown: Coinbase International: live order book, 10 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 Coinbase International live order book, 10 min ago | 5.73 bp | 30.8 bp −$31 | 55.8 bp −$558 | doesn't fit | doesn't fit |
| Sell Entropy live order book, 4 min ago | 1.50 bp | 28.5 bp −$28 | 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 | −0.0001% | 1h | 1,621 | −0.065% | $1.2M | $562K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,712 | +5.549% | $1.4M | $265K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,663.5 | +2.558% | $755K | $207K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,650.5 | +1.756% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,618.1 | −0.242% | $52.3M | $25.3M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,622.9 | +0.056% | $5.5M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,622.6 | +0.036% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,621.3 | −0.044% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,621.6 | −0.027% | $79K | $221K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,620.9 | −0.068% | $1.6M | $542K | 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 | 1,679.3 | +3.530% | $2.7M | $6.2M | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0047% | 8h | 1,621 | −0.064% | $473K | $286K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,620.5 | −0.094% | $141K | $737K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,628.3 | +0.386% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,621 | −0.064% | $22.9M | $17.7M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,621.4 | −0.039% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,625.3 | +0.204% | $375K | $68K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,620.9 | −0.068% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,620.7 | −0.082% | $2K | $156K | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTXlong | +0.0056% | 1h | 1,622 | long leg | $226K | $162K | 5x | |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,620.5 | −0.093% | — | — | 10x | as long as short |
| Entropy io:OAIshort | +0.0132% | 1h | 1,673.1 | +3.149% | $7.7M | $2.3M | 6x |
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