OPENAI

Alert

Funding spread now, next payment 19:00 UTC−0.8802%/8h

paid, last 24h−0.101%paid, last 8 hours−0.101%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 -0.101% in total (about -115.4% 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	Deribit OPENAI_USDC-PERPETUAL	1,656.5	0.8802	pay 0.1100% / 1h	18m 07s	—	$3	5x
Short	SunX OPENAI-USDT	1,655.5	0	get 0.0000% / 8h	5h 18m	—	$2.6M	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee SunXbpOrdersRate

Funding earned: −$1,848.46
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 5 bp × 2 orders: −$10
Net: −$1,865.46
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; SunX: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.062%
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 SunX live order book, 5 min ago	497.32 bp	doesn't fit	doesn't fit	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	$317K	5x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	$766K	$212K	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	$55.8M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	$5.7M	$4.7M	20x	as long as short
SunX OPENAI-USDTshort	0.0000%	8h	—	$2.6M	10x
HTX OPENAI-USDT	0.0000%	8h	$80K	$206K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	$1.7M	$587K	10x	as long as short
QFEX OPENAI-USD	+0.0012%	1h	$1.2M	$350K	10x	as long as short
Lighter RH OPENAI	+0.0032%	1h	$2.9M	$5.8M	5x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Extended OPENAI-USD	+0.0048%	1h	$137K	$655K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	$216K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	$23.6M	$21.0M	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	$63K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	$2.5M	$337K	—	as long as short
BloFin OPENAI-USDT	+0.0062%	8h	$485K	$268K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	—	—	10x	as long as short
Entropy io:OAI	+0.0137%	1h	$7.5M	$1.5M	6x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.1856%	1h	$247K	$98K	5x	as long as short
Deribit OPENAI_USDC-PERPETUALlong	+0.8802%	1h	—	$3	5x