OPENAI

Alert

Funding spread now, next payment 16:00 UTC−0.2352%/8h

paid, last 24h−0.155%paid, last 7 days−0.768%to open and close $10k−$115

Long on Coinbase International Short on Gate

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.768% in total (about -40.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International OPENAI-PERP-INTX	1,611.1	0.2352	pay 0.0294% / 1h	41m 31s	$251K	$98K	5x
Short	Gate OPENAI_USDT	1,598.2	0	get 0.0000% / 8h	7h 41m	$51.7M	$63.7M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee GatebpOrdersRate

Funding earned: −$493.92
Slippage, 4 orders: −$90.12
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$609.04
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Gate: live order book, 4 min ago.

Price risk

price view

Price gap now: −0.796%
Avg gap 7d: −0.670%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 3 min ago	19.06 bp	44.5 bp −$45	68.6 bp −$686	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.78 bp	22.2 bp −$22	476.5 bp −$4,765	doesn't fit	doesn't fit

OPENAI on 21 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
QFEX OPENAI-USD	−0.0013%	1h	$1.2M	$368K	10x	as long as short
Lighter OPENAI	0.0000%	1h	$1.4M	$250K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	$774K	$145K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	$5.0M	$1.0M	20x	as long as short
Gate OPENAI_USDTshort	0.0000%	8h	$51.7M	$63.7M	50x
Bitget OPENAIUSDT	0.0000%	8h	$5.4M	$4.7M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	—	$2.6M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	$78K	$189K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	$1.6M	$600K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin OPENAI-USDT	+0.0025%	8h	$475K	$241K	20x	as long as short
Lighter RH OPENAI	+0.0032%	1h	$3.1M	$4.8M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	$133K	$655K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	$210K	$2K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	$23.0M	$19.0M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	$12.8M	$2.9M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	$366K	$57K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	$2.5M	$198K	—	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	—	—	10x	as long as short
Entropy io:OAI	+0.0393%	1h	$7.5M	$1.1M	6x	as long as short
Coinbase International OPENAI-PERP-INTXlong	+0.2352%	1h	$251K	$98K	5x