Funding you earn now, next payment 10:00 UTC−0.0139%/8h= −15.2% APRnext payment −$0.17 per $10,000 · paid last 24h —
Price spread now: Aevo against Entropy−2.349%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Aevo is 2.349% cheaper against Entropy than usual: you would sell low and buy high (−$235 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:OAI | 1,668.9 | 0.0243 | pay 0.0030% / 1h | 57m 31s | $7.6M | $2.4M | 6x |
| Short | Aevo OPENAI-PERP | 1,629.7 | 0.0104 | get 0.0013% / 1h | 57m 31s | — | — | 10x |
Entropy io:OAI
Aevo OPENAI-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Entropy. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$29.16
- Price spread: −2.349% → 0.000%
- −$234.94
- Slippage, 4 orders
- no order book: not counted
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$298.1
- Costs to cover
- 0.340%
- Break-even
- never at this rate
Slippage unknown: Entropy: live order book, 9 min ago; Aevo: no order-book sample. Net counts fees only.
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 Entropy live order book, 9 min ago | 2.10 bp | 43.9 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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 22 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX OPENAI-USD | −0.0010% | 1h | 1,629.7 | −2.349% | $1.2M | $646K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,712.3 | +2.600% | $1.4M | $276K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,660.7 | −0.494% | $730K | $285K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,654.8 | −0.845% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,626.3 | −2.555% | $47.2M | $10.8M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,630.8 | −2.283% | $5.4M | $3.8M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,630.5 | −2.301% | — | $2.1M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,630.2 | −2.321% | $3K | $3K | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,631.2 | −2.258% | $79K | $225K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,629.2 | −2.382% | $1.6M | $498K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDT
Phemex OPENAIUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,678.2 | +0.555% | $2.7M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,629.5 | −2.359% | $142K | $808K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,631.5 | −2.240% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,630 | −2.332% | $23.0M | $16.6M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,631 | −2.269% | $6.7M | $2.4M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,631.4 | −2.247% | $376K | $147K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,629.1 | −2.382% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,629.5 | −2.362% | $2K | $173K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0051% | 8h | 1,630.8 | −2.281% | $476K | $308K | 20x | as long as short |
| Aevo OPENAI-PERPshort | +0.0104% | 1h | 1,629.7 | −2.349% | — | — | 10x | |
| Entropy io:OAIlong | +0.0243% | 1h | 1,668.9 | long leg | $7.6M | $2.4M | 6x | |
| Coinbase International OPENAI-PERP-INTX | +0.0720% | 1h | 1,635 | −2.031% | $231K | $176K | 5x | as long as short |
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Coinbase International OPENAI-PERP-INTX