OPENAI

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.015%

Price spread now: Bybit against Variational Omni+2.683%7-day average +2.933% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.050%−$5 on $10k

Price spread, last 4 days (all we have)−0.212%−$21 · spread now +2.683%, 7d avg +2.933%

Together, before fees−0.262%+ Points / potential airdropVariational Omni: Active · farm board−$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.250% cheaper against Variational Omni than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +2.933%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni OPENAI	1,615.2	0.0050	pay 0.0050% / 8h	2h 49m	$2.6M	$764K	—
Short	Bybit OPENAIUSDT	1,658.5	0	get 0.0000% / 8h	2h 49m	$753K	$205K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. 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

Position, each leg$Hold fordaysFee Variational OmnibpFee BybitbpOrdersPrice spread, now +2.683%Rate

Funding earned: −$10.5
Price spread: +2.683% → +2.933%: −$24.99
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$46.49
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Bybit: live order book, 60 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 Variational Omni RFQ quote, 5 min ago	3.53 bp	doesn't fit	34.5 bp −$345	doesn't fit	doesn't fit
Sell Bybit live order book, 60 min ago	8.72 bp	73.9 bp −$74	1090.3 bp −$10.9K	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	−0.0005%	1h	1,614.5	−0.042%	$1.2M	$597K	10x	as long as short
Lighter OPENAI	0.0000%	1h	1,706.3	+5.645%	$1.4M	$260K	5x	as long as short
Bybit OPENAIUSDTshort	0.0000%	8h	1,658.5	+2.683%	$753K	$205K	25x
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,645.9	+1.903%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,611.4	−0.236%	$52.2M	$19.6M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,616.5	+0.084%	$5.4M	$5.0M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,616.2	+0.064%	—	$2.4M	10x	as long as short
Deribit OPENAI_USDC-PERPETUAL	0.0000%	1h	1,614.9	−0.016%	—	$3	5x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,616.1	+0.058%	$79K	$221K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,614	−0.075%	$1.6M	$530K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International OPENAI-PERP-INTX	+0.0016%	1h	1,617.9	+0.167%	$225K	$161K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,673.6	+3.618%	$2.6M	$6.1M	5x	as long as short
Extended OPENAI-USD	+0.0048%	1h	1,614.1	−0.066%	$142K	$895K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,618.7	+0.220%	$211K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,614.7	−0.029%	$22.8M	$17.4M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,614.3	−0.052%	$13.0M	$3.1M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,619.4	+0.265%	$374K	$69K	20x	as long as short
Variational Omni OPENAIlong	+0.0050%	8h	1,615.2	long leg	$2.6M	$764K	—
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,614.5	−0.038%	$2K	$163K	10x	as long as short
BloFin OPENAI-USDT	+0.0063%	8h	1,615.7	+0.030%	$474K	$286K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,614.2	−0.059%	—	—	10x	as long as short
Entropy io:OAI	+0.0138%	1h	1,666.2	+3.160%	$7.6M	$2.3M	6x	as long as short