Funding you earn now, next payment 08:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h −0.016%
Price spread now: QFEX against Variational Omni−0.147%7-day average −0.010% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.054%−$5 on $10k
+Price spread, last 7 days+0.123%+$12 · spread now −0.147%, 7d avg −0.010%
=Together, before fees+0.069%+ Points / potential airdropVariational Omni: Active · farm board+$7 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 QFEX is 0.137% cheaper against Variational Omni than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.010%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni OPENAI | 1,617.3 | 0.0050 | pay 0.0050% / 8h | 51m 19s | $2.6M | $753K | — |
| Short | QFEX OPENAI-USD | 1,614.9 | −0.0005 | pay 0.0001% / 1h | 51m 19s | $1.2M | $622K | 10x |
Variational Omni OPENAI
QFEX OPENAI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$11.56
- Price spread: −0.147% → −0.010%
- −$13.67
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$35.23
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; QFEX: live order book, 5 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, 3 min ago | 3.22 bp | doesn't fit | 88.4 bp −$884 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 3.37 bp | 8.4 bp −$8 | 13.4 bp −$134 | 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-USDshort | −0.0005% | 1h | 1,614.9 | −0.147% | $1.2M | $622K | 10x | |
| Lighter OPENAI | 0.0000% | 1h | 1,709.8 | +5.723% | $1.4M | $267K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,657.7 | +2.501% | $738K | $263K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,646 | +1.776% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,613.6 | −0.230% | $45.1M | $13.6M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,617.2 | −0.007% | $5.4M | $4.6M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,617.6 | +0.020% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,615.6 | −0.105% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,616.4 | −0.052% | $79K | $227K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,615.3 | −0.122% | $1.6M | $513K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,674.4 | +3.530% | $2.6M | $6.0M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,615.1 | −0.133% | $141K | $719K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,617.9 | +0.039% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,615.5 | −0.113% | $22.8M | $17.8M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,616.1 | −0.073% | $6.6M | $5.0M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,619.9 | +0.164% | $375K | $70K | 20x | as long as short |
| Variational Omni OPENAIlong | +0.0050% | 8h | 1,617.3 | long leg | $2.6M | $753K | — | |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,617.9 | +0.041% | $2K | $181K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0057% | 8h | 1,616.2 | −0.068% | $473K | $302K | 20x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0072% | 1h | 1,620.1 | +0.175% | $226K | $165K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,615.2 | −0.131% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0164% | 1h | 1,668.6 | +3.173% | $7.6M | $2.3M | 6x | as long as short |
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Coinbase International OPENAI-PERP-INTX
Aevo OPENAI-PERP
Entropy io:OAI