Funding you earn now, next payment 12:00 UTC−0.0722%/8h= −79.0% APRpaid last 24h −0.041%
Price spread now: MEXC against Entropy−1.836%7-day average −5.113% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.477%−$48 on $10k
+Price spread, last 7 days−4.710%−$471 · spread now −1.836%, 7d avg −5.113%
=The price spread pays, funding is against you. MEXC is 3.278% dearer against Entropy than usual: you sell high and buy low (spread −1.836% now, against its 7-day average of −5.113%): +$328 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 7 days (−0.477% in total) that is about 48 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.477% in total (about -24.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:OAI | 1,690 | 0.0772 | pay 0.0096% / 1h | 56m 10s | $7.9M | $2.6M | 6x |
| Short | MEXC OPENAI_USDT | 1,659 | 0.0050 | get 0.0050% / 8h | 4h 56m | $6.7M | $2.5M | 50x |
Entropy io:OAI
MEXC OPENAI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$151.55
- Price spread: −1.836% → −5.113%
- $327.76
- Slippage, 4 orders
- no order book: not counted
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $158.2
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Entropy: live order book, 4 min ago; MEXC: live order book, 5 min ago. 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, 4 min ago | 4.13 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.39 bp | 19.7 bp −$20 | 37.1 bp −$371 | doesn't fit | doesn't fit |
OPENAI on 22 exchanges
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 | −0.0001% | 1h | 1,658 | −1.895% | $1.2M | $695K | 10x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,691.7 | +0.101% | $720K | $316K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,682.2 | −0.462% | $5.2M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,656 | −2.012% | $50.9M | $17.1M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,660.2 | −1.763% | $5.7M | $3.6M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,657.2 | −1.941% | — | $1.6M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,650.5 | −2.337% | $80K | $173K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,658.3 | −1.877% | $1.7M | $508K | 10x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,704.4 | +0.851% | $2.8M | $6.3M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,658.8 | −1.846% | $144K | $806K | 10x | as long as short |
QFEX OPENAI-USD
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Phemex OPENAIUSDT
Lighter RH OPENAI
Extended OPENAI-USDShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPENAIUSDT | +0.0050% | 8h | 1,660 | −1.778% | $216K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,659.9 | −1.782% | $23.5M | $18.3M | 20x | as long as short |
| MEXC OPENAI_USDTshort | +0.0050% | 8h | 1,659 | −1.836% | $6.7M | $2.5M | 50x | |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,665 | −1.480% | $389K | $307K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,650.9 | −2.315% | $2.6M | $773K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,647.2 | −2.533% | $2K | $171K | 10x | as long as short |
| Lighter OPENAI | +0.0064% | 1h | 1,738.1 | +2.846% | $1.5M | $264K | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0078% | 8h | 1,657.7 | −1.912% | $491K | $332K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,659 | −1.836% | — | — | 10x | as long as short |
| Entropy io:OAIlong | +0.0772% | 1h | 1,690 | long leg | $7.9M | $2.6M | 6x | |
| Coinbase International OPENAI-PERP-INTX | +0.1008% | 1h | 1,657.9 | −1.901% | $233K | $179K | 5x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | +0.8185% | 1h | 1,658 | −1.892% | $3K | $3K | 5x | as long as short |
Aster OPENAIUSDT
Binance OPENAIUSDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Lighter OPENAI
BloFin OPENAI-USDT
Aevo OPENAI-PERP
Coinbase International OPENAI-PERP-INTX
Deribit OPENAI_USDC-PERPETUAL