OPENAI

Alert

Funding spread now, next payment 17:00 UTC+0.2168%/8h

next payment, per $10,000+$2.71paid, last 24h+0.104%paid, last 6 hours+0.685%to open and closeno order book

Long on Deribit Short on Coinbase International

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit OPENAI_USDC-PERPETUAL	1,607	0	get 0.0000% / 1h	42m 45s	—	$3	5x
Short	Coinbase International OPENAI-PERP-INTX	1,613.6	0.2168	get 0.0271% / 1h	42m 45s	$251K	$93K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee Coinbase InternationalbpOrdersRate

Funding earned: $455.28
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $438.28
Break-even: 0.3 days

Slippage unknown: Deribit: no order-book sample; Coinbase International: live order book, 62 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.409%
Avg gap 7d: —

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 Deribit no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 62 min ago	19.06 bp	34.4 bp −$34	60.2 bp −$602	doesn't fit	doesn't fit

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

OPENAI on 21 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter OPENAI	0.0000%	1h	$1.4M	$254K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	$771K	$186K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	$5.1M	$1.1M	20x	as long as short
QFEX OPENAI-USD	0.0000%	1h	$1.2M	$349K	10x	as long as short
Gate OPENAI_USDT	0.0000%	8h	$51.9M	$58.8M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	$5.4M	$4.5M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	—	$2.6M	10x	as long as short
Deribit OPENAI_USDC-PERPETUALlong	0.0000%	1h	—	$3	5x
HTX OPENAI-USDT	0.0000%	8h	$78K	$199K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	$1.6M	$586K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter RH OPENAI	+0.0032%	1h	$3.1M	$4.9M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	$133K	$656K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	$210K	$2K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	$23.0M	$18.7M	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	$367K	$56K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	$2.5M	$195K	—	as long as short
BloFin OPENAI-USDT	+0.0066%	8h	$477K	$240K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	—	—	10x	as long as short
Entropy io:OAI	+0.0236%	1h	$7.6M	$1.1M	6x	as long as short
Coinbase International OPENAI-PERP-INTXshort	+0.2168%	1h	$251K	$93K	5x