OPENAI

Alert

Funding spread now, next payment 17:00 UTC+0.0050%/8h

paid, last 24h−0.061%paid, last 5 hours−0.031%to open and closeno order book

Long on Deribit Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit OPENAI_USDC-PERPETUAL	1,601.4	0	get 0.0000% / 1h	39m 10s	—	$3	5x
Short	Variational Omni OPENAI	1,601.3	0.0050	get 0.0050% / 8h	7h 39m	$2.5M	$197K	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee Variational OmnibpOrdersRate

Funding earned: $10.5
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $3.5
Break-even: 4.7 days

Slippage unknown: Deribit: no order-book sample; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.005%
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 Variational Omni RFQ quote, 1 min ago	1.87 bp	doesn't fit	16.0 bp −$160	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
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	$772K	$146K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	$5.0M	$1.0M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	$51.7M	$63.8M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	$5.4M	$4.6M	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	$189K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	$1.6M	$599K	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	$4.8M	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 OPENAIshort	+0.0050%	8h	$2.5M	$197K	—
BloFin OPENAI-USDT	+0.0076%	8h	$476K	$240K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	—	—	10x	as long as short
Entropy io:OAI	+0.0373%	1h	$7.5M	$1.0M	6x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.2352%	1h	$249K	$98K	5x	as long as short