OPENAI

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.089%

7d average—if it closes, per $10,000$9funding while held, a day+$202.81

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster OPENAIUSDT	1,660.9	0.0050	pay 0.0050% / 8h	5h 12m	$216K	$3K	20x
Short	Deribit OPENAI_USDC-PERPETUAL	1,659.4	0.6810	get 0.0851% / 1h	12m 37s	—	$3	5x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee AsterbpFee DeribitbpOrdersClose when spread is

Spread captured: −$8.95
Funding while held: $202.81
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $178.86
Spread needed to break even: 0.150%

Slippage unknown: Aster: live order book, 21 min ago; Deribit: no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: +0.6760%
Per $10,000 a day: +$202.81
Average in range /8h: —

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 Aster live order book, 21 min ago	32.40 bp	295.4 bp −$295	doesn't fit	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 price on every exchange

against the cheapest. Click to use as the short leg.

KuCoin1,626.1cheapest Gate1,651.4+1.552%Variational Omni1,653.3+1.671%HTX1,654.6+1.752%SunX1,655.5+1.807%QFEX1,658.1+1.968%Extended1,658.6+1.997%Bitget1,658.6+1.999%MEXC1,658.9+2.017%Binance1,659.3+2.041%

Deribit1,659.4+2.047%

Aevo1,660.3+2.102%Coinbase International1,660.4+2.111%

Aster1,660.9+2.139%

BloFin1,660.9+2.139%Phemex1,661+2.145%Entropy1,684.8+3.609%OKX1,685.6+3.658%Lighter RH1,697.8+4.407%Bybit1,701.8+4.652%Lighter1,725.6+6.120%

OPENAI on 21 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin OPENAIUSDTM	−2.094%	+0.0050%	8h	$371K	$63K	20x	as long as short
Gate OPENAI_USDT	−0.574%	0.0000%	8h	$53.6M	$55.8M	50x	as long as short
Variational Omni OPENAI	−0.457%	+0.0050%	8h	$2.7M	$699K	—	as long as short
HTX OPENAI-USDT	−0.378%	0.0000%	8h	$80K	$206K	20x	as long as short
SunX OPENAI-USDT	−0.325%	0.0000%	8h	—	$2.6M	10x	as long as short
QFEX OPENAI-USD	−0.167%	+0.0012%	1h	$1.2M	$351K	10x	as long as short
Extended OPENAI-USD	−0.139%	+0.0048%	1h	$137K	$655K	10x	as long as short
Bitget OPENAIUSDT	−0.136%	0.0000%	8h	$5.7M	$4.7M	20x	as long as short
MEXC OPENAI_USDT	−0.119%	+0.0050%	8h	$13.3M	$3.0M	50x	as long as short
Binance OPENAIUSDT	−0.096%	+0.0050%	8h	$23.7M	$21.1M	20x	as long as short

Show all 21 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit OPENAI_USDC-PERPETUALshort	−0.089%	+0.6810%	1h	—	$3	5x
Aevo OPENAI-PERP	−0.035%	+0.0104%	1h	—	—	10x	as long as short
Coinbase International OPENAI-PERP-INTX	−0.027%	+0.1856%	1h	$246K	$100K	5x	as long as short
Aster OPENAIUSDTlong	0.000%	+0.0050%	8h	$216K	$3K	20x
BloFin OPENAI-USDT	0.000%	+0.0043%	8h	$481K	$272K	20x	as long as short
Phemex OPENAIUSDT	+0.006%	0.0000%	8h	$1.7M	$588K	10x	as long as short
Entropy io:OAI	+1.439%	+0.0260%	1h	$7.6M	$1.6M	6x	as long as short
OKX OPENAI-USDT-SWAP	+1.487%	0.0000%	8h	$5.2M	$1.2M	20x	as long as short
Lighter RH OPENAI	+2.221%	+0.0032%	1h	$2.8M	$5.8M	5x	as long as short
Bybit OPENAIUSDT	+2.460%	0.0000%	8h	$768K	$213K	25x	as long as short
Lighter OPENAI	+3.898%	+0.0016%	1h	$1.4M	$321K	5x	as long as short