Funding you earn now, next payment 10:00 UTC+0.0243%/8h= +26.6% APRpaid last 24h +0.247%
Price spread now: Entropy against HTX+2.310%7-day average +4.307% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$318as in the Price arb table
costs, in and out, $10k−$1181.180% of the position
Funding, last 7 days+0.776%+$78 on $10k
+Price spread, last 4 days (all we have)+2.884%+$288 · spread now +2.310%, 7d avg +4.307%
=Funding pays, the price is against you. Entropy is 1.997% cheaper against HTX than usual: you would sell low and buy high (spread +2.310% now, against its 7-day average of +4.307%). If the spread goes back, that is −$200 on $10k: about 27 days of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX OPENAI-USDT | 1,631.2 | 0 | get 0.0000% / 8h | 6h 57m | $79K | $225K | 20x |
| Short | Entropy io:OAI | 1,668.9 | 0.0243 | get 0.0030% / 1h | 57m 36s | $7.6M | $2.4M | 6x |
HTX OPENAI-USDT
Entropy io:OAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy against HTX. 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
- $51
- Price spread: +2.310% → +4.307%
- −$199.73
- Slippage, 4 orders
- −$88.01
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$266.74
- Costs to cover
- 1.180%
- Break-even
- 43.6 days
Slippage from HTX: live order book, 34 min ago; Entropy: live order book, 9 min ago.
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 HTX live order book, 34 min ago | 3.55 bp | 14.3 bp −$14 | 35.0 bp −$350 | doesn't fit | doesn't fit |
| Sell Entropy live order book, 9 min ago | 2.10 bp | 44.5 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.093% | $1.2M | $646K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,712.3 | +4.970% | $1.4M | $276K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,660.7 | +1.805% | $730K | $285K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,654.8 | +1.446% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,626.3 | −0.304% | $47.2M | $10.8M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,630.8 | −0.026% | $5.4M | $3.8M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,630.5 | −0.044% | — | $2.1M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,630.2 | −0.065% | $3K | $3K | 5x | as long as short |
| HTX OPENAI-USDTlong | 0.0000% | 8h | 1,631.2 | long leg | $79K | $225K | 20x | |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,629.2 | −0.127% | $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
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 | +2.878% | $2.7M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,629.5 | −0.103% | $142K | $808K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,631.5 | +0.018% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,630 | −0.076% | $23.0M | $16.6M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,631 | −0.011% | $6.7M | $2.4M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,631.4 | +0.011% | $376K | $147K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,629.1 | −0.127% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,629.5 | −0.107% | $2K | $173K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0051% | 8h | 1,630.8 | −0.023% | $476K | $308K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,629.7 | −0.094% | — | — | 10x | as long as short |
| Entropy io:OAIshort | +0.0243% | 1h | 1,668.9 | +2.310% | $7.6M | $2.4M | 6x | |
| Coinbase International OPENAI-PERP-INTX | +0.0720% | 1h | 1,635 | +0.232% | $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
Aevo OPENAI-PERP
Coinbase International OPENAI-PERP-INTX