Funding you earn now, next payment 10:00 UTC+0.0218%/8h= +23.8% APRnext payment +$0.27 per $10,000 · paid last 24h +0.059%
Price spread now: Entropy against QFEX+2.425%7-day average +5.191% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.274%+$27 on $10k
+Price spread, last 7 days+4.110%+$411 · spread now +2.425%, 7d avg +5.191%
=Funding pays, the price is against you. Entropy is 2.765% cheaper against QFEX than usual: you would sell low and buy high (spread +2.425% now, against its 7-day average of +5.191%). If the spread goes back, that is −$277 on $10k: about 42 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 | QFEX OPENAI-USD | 1,629.8 | −0.0010 | get 0.0001% / 1h | 55m 22s | $1.2M | $646K | 10x |
| Short | Entropy io:OAI | 1,669.3 | 0.0208 | get 0.0026% / 1h | 55m 22s | $7.6M | $2.4M | 6x |
QFEX OPENAI-USD
Entropy io:OAIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy against QFEX. 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
- $45.72
- Price spread: +2.425% → +5.191%
- −$276.52
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$258.79
- Costs to cover
- 0.280%
- Break-even
- 46.6 days
Slippage unknown: QFEX: live order book, 1 min ago; Entropy: live order book, 2 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 QFEX live order book, 1 min ago | 2.12 bp | 9.8 bp −$10 | 16.6 bp −$166 | doesn't fit | doesn't fit |
| Sell Entropy live order book, 2 min ago | 4.19 bp | doesn't fit | 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-USDlong | −0.0010% | 1h | 1,629.8 | long leg | $1.2M | $646K | 10x | |
| Lighter OPENAI | 0.0000% | 1h | 1,712.4 | +5.068% | $1.4M | $276K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,663.8 | +2.086% | $730K | $286K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,653.9 | +1.481% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,625.7 | −0.251% | $47.3M | $11.2M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,629.4 | −0.022% | $5.4M | $3.8M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,629.7 | −0.004% | — | $2.0M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,628.9 | −0.051% | $3K | $3K | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,630.7 | +0.054% | $79K | $225K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,629.6 | −0.013% | $1.6M | $498K | 10x | as long as short |
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin OPENAI-USDT | +0.0031% | 8h | 1,629.3 | −0.030% | $477K | $308K | 20x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,678.2 | +2.970% | $2.8M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,629.3 | −0.028% | $142K | $808K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,631.5 | +0.104% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,629.9 | +0.008% | $23.0M | $16.6M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,630.8 | +0.063% | $6.7M | $2.4M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,631.1 | +0.081% | $377K | $150K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,629.6 | −0.010% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,630.1 | +0.023% | $2K | $173K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,629.2 | −0.032% | — | — | 10x | as long as short |
| Entropy io:OAIshort | +0.0208% | 1h | 1,669.3 | +2.425% | $7.6M | $2.4M | 6x | |
| Coinbase International OPENAI-PERP-INTX | +0.0720% | 1h | 1,637.8 | +0.492% | $232K | $176K | 5x | as long as short |
BloFin OPENAI-USDT
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Coinbase International OPENAI-PERP-INTX