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Funding arb · Price arb /

OPENAI

RWAall OPENAI markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0143%/8h= +15.7% APRnext payment +$0.18 per $10,000 · paid last 24h +0.057%
Price spread now: Entropy against Extended+2.919%7-day average +4.542% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ExtendedShort on Entropy
What this pair did over the last
the charts below follow
Funding, last 7 days+0.510%+$51 on $10k
Price spread, last 4 days (all we have)+2.544%+$254 · spread now +2.919%, 7d avg +4.542%
Together, before fees+3.054%+ Points / potential airdropExtended: Active · farm board+$305 on $10k · with fees, hour by hour
Funding pays, the price is against you. Entropy is 1.623% cheaper against Extended than usual: you would sell low and buy high (spread +2.919% now, against its 7-day average of +4.542%). If the spread goes back, that is −$162 on $10k: about 38 days of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended OPENAI-USD1,6260.0048pay 0.0006% / 1h58m 02s$132K$716K10x
ShortEntropy io:OAI1,673.50.0191get 0.0024% / 1h58m 02s$7.4M$2.2M6x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Entropy against Extended. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$30.08
Price spread: +2.919% → +4.542%
−$162.35
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Entropy: 9 bp × 2 orders
−$18
Net
−$155.27
Costs to cover
0.230%
Break-even
43.1 days
Slippage unknown: Extended: live order book, 10 min ago; Entropy: live order book, 9 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 10 min ago3.69 bp39.6 bp −$40261.9 bp −$2,619doesn't fitdoesn't fit
Sell Entropy live order book, 9 min ago1.79 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

OPENAI on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX OPENAI-USD−0.0004%1h1,628.2+0.135%$1.2M$422K10xas long as short
Lighter OPENAI0.0000%1h1,714+5.409%$1.4M$280K5xas long as short
Bybit OPENAIUSDT0.0000%8h1,669.6+2.678%$767K$205K25xas long as short
OKX OPENAI-USDT-SWAP0.0000%8h1,658.4+1.990%$5.1M$1.3M20xas long as short
Gate OPENAI_USDT0.0000%8h1,623.6−0.150%$52.5M$31.7M50xas long as short
Bitget OPENAIUSDT0.0000%8h1,628.5+0.149%$5.5M$5.1M20xas long as short
SunX OPENAI-USDT0.0000%8h1,628.5+0.151%—$2.5M10xas long as short
Deribit OPENAI_USDC-PERPETUAL0.0000%1h1,629.8+0.233%—$35xas long as short
HTX OPENAI-USDT0.0000%8h1,628.1+0.124%$79K$214K20xas long as short
Phemex OPENAIUSDT0.0000%8h1,627.8+0.106%$1.6M$561K10xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International OPENAI-PERP-INTX+0.0024%1h1,630.6+0.283%$226K$150K5xas long as short
BloFin OPENAI-USDT+0.0030%8h1,628.6+0.158%$475K$279K20xas long as short
Lighter RH OPENAI+0.0032%1h1,681+3.382%$2.7M$6.1M5xas long as short
Extended OPENAI-USDlong+0.0048%1h1,626long leg$132K$716K10x
Aster OPENAIUSDT+0.0050%8h1,635.9+0.605%$213K$3K20xas long as short
Binance OPENAIUSDT+0.0050%8h1,626.4+0.021%$23.1M$19.0M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,627.9+0.115%$13.1M$3.2M50xas long as short
KuCoin OPENAIUSDTM+0.0050%8h1,631.6+0.342%$377K$67K20xas long as short
Variational Omni OPENAI+0.0050%8h1,628.8+0.172%$2.6M$757K—as long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,628.9+0.173%$2K$138K10xas long as short
Aevo OPENAI-PERP+0.0104%1h1,628.1+0.127%——10xas long as short
Entropy io:OAIshort+0.0191%1h1,673.5+2.919%$7.4M$2.2M6x