OPENAI

Alert

Funding spread now, next payment 19:00 UTC−0.3339%/8h

next payment, per $10,000−$4.17paid, last 24h−0.092%paid, last 8 hours−0.034%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 8 hours it paid -0.034% in total (about -38.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.17 per $10,000. 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	Deribit OPENAI_USDC-PERPETUAL	1,652	0.3371	pay 0.0421% / 1h	7m 26s	—	$3	5x
Short	Lighter RH OPENAI	1,695.5	0.0032	get 0.0004% / 1h	7m 26s	$2.8M	$5.9M	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee Lighter RHbpOrdersRate

Funding earned: −$701.24
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$708.24
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Lighter RH: live order book, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: +2.633%
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 Lighter RH live order book, 2 min ago	5.91 bp	6.8 bp −$7	127.6 bp −$1,276	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
Bybit OPENAIUSDT	0.0000%	8h	$766K	$216K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	$5.2M	$1.2M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	$53.5M	$55.9M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	$5.6M	$4.8M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	—	$2.6M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	$80K	$207K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	$1.7M	$589K	10x	as long as short
QFEX OPENAI-USD	+0.0012%	1h	$1.2M	$352K	10x	as long as short
Lighter OPENAI	+0.0016%	1h	$1.4M	$323K	5x	as long as short
Lighter RH OPENAIshort	+0.0032%	1h	$2.8M	$5.9M	5x

Show all 21 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin OPENAI-USDT	+0.0033%	8h	$473K	$273K	20x	as long as short
Extended OPENAI-USD	+0.0048%	1h	$137K	$655K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	$215K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	$23.6M	$21.1M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	$13.2M	$3.0M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	$371K	$62K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	$2.7M	$680K	—	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	—	—	10x	as long as short
Entropy io:OAI	+0.0302%	1h	$7.6M	$1.6M	6x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.1856%	1h	$246K	$100K	5x	as long as short
Deribit OPENAI_USDC-PERPETUALlong	+0.3371%	1h	—	$3	5x