Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h —
Price spread now: Deribit against Variational Omni+0.068%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 12 hours (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
The price spread pays, funding is against you. Deribit is 0.068% dearer against Variational Omni than usual: you sell high and buy low (spread +0.068% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni OPENAI | 1,624.2 | 0.0050 | pay 0.0050% / 8h | 40m 05s | $2.6M | $753K | — |
| Short | Deribit OPENAI_USDC-PERPETUAL | 1,625.3 | 0 | get 0.0000% / 1h | 40m 05s | — | $3 | 5x |
Variational Omni OPENAI
Deribit OPENAI_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Variational Omni. 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
- −$10.5
- Price spread: +0.068% → 0.000%
- $6.82
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$10.68
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Deribit: no order-book sample. 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, 4 min ago | 4.31 bp | doesn't fit | 114.4 bp −$1,144 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OPENAI-PERP-INTX | −0.0168% | 1h | 1,625.4 | +0.071% | $236K | $145K | 5x | as long as short |
| QFEX OPENAI-USD | −0.0010% | 1h | 1,623.8 | −0.024% | $1.2M | $387K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,704.5 | +4.945% | $1.4M | $286K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,669.1 | +2.762% | $764K | $220K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,654.5 | +1.866% | $5.1M | $1.4M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,621.5 | −0.167% | $52.7M | $39.4M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,625.5 | +0.080% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,624.5 | +0.019% | — | $2.6M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUALshort | 0.0000% | 1h | 1,625.3 | +0.068% | — | $3 | 5x | |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,625.7 | +0.095% | $79K | $213K | 20x | as long as short |
Coinbase International OPENAI-PERP-INTX
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,624.5 | +0.020% | $1.6M | $559K | 10x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,676.8 | +3.240% | $2.6M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,623.4 | −0.050% | $131K | $667K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,628.9 | +0.289% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,623.8 | −0.024% | $23.1M | $18.8M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,625.1 | +0.053% | $13.0M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,627.8 | +0.222% | $376K | $64K | 20x | as long as short |
| Variational Omni OPENAIlong | +0.0050% | 8h | 1,624.2 | long leg | $2.6M | $753K | — | |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,623.1 | −0.069% | $2K | $141K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0074% | 8h | 1,623.7 | −0.033% | $470K | $275K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,623.9 | −0.018% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0245% | 1h | 1,666.2 | +2.586% | $7.4M | $2.2M | 6x | as long as short |
Phemex OPENAIUSDT
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Aevo OPENAI-PERP
Entropy io:OAI