OPENAI

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.015%

7d average—if it closes, per $10,000$1funding while held, a day−$11.79

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit OPENAI_USDC-PERPETUAL	1,605.3	0.0422	pay 0.0053% / 1h	30m 39s	—	$3	5x
Short	BloFin OPENAI-USDT	1,605.5	0.0029	get 0.0029% / 8h	30m 39s	$482K	$233K	20x

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 DeribitbpFee BloFinbpOrdersClose when spread is

Spread captured: $1.5
Funding while held: −$11.79
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$29.29
Spread needed to break even: 0.190%

Slippage unknown: Deribit: no order-book sample; BloFin: live order book, 17 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0393%
Per $10,000 a day: −$11.79
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 Deribit no order-book sample	—	—	—	—	—
Sell BloFin live order book, 17 min ago	1.40 bp	19.0 bp −$19	21.4 bp −$214	22.0 bp −$2,198	doesn't fit

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.

KuCoin1,577.2cheapest Gate1,600.9+1.503%Extended1,603.9+1.693%MEXC1,604.1+1.700%Binance1,604.3+1.715%QFEX1,604.4+1.724%Aster1,604.6+1.738%Phemex1,604.7+1.744%Variational Omni1,604.9+1.755%

Deribit1,605.3+1.778%

BloFin1,605.5+1.793%

HTX1,605.7+1.803%Aevo1,605.9+1.817%Bitget1,606.5+1.854%SunX1,606.9+1.881%Coinbase International1,613.1+2.274%OKX1,633.6+3.574%Bybit1,650.3+4.634%Entropy1,662.3+5.394%Lighter RH1,670.8+5.935%

Lighter1,700.1+7.790%

OPENAI on 21 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin OPENAIUSDTM	−1.747%	+0.0050%	8h	$359K	$57K	20x	as long as short
Gate OPENAI_USDT	−0.270%	0.0000%	8h	$51.7M	$68.5M	50x	as long as short
Extended OPENAI-USD	−0.083%	+0.0048%	1h	$136K	$652K	10x	as long as short
MEXC OPENAI_USDT	−0.076%	+0.0050%	8h	$12.9M	$2.9M	50x	as long as short
Binance OPENAIUSDT	−0.062%	+0.0050%	8h	$23.2M	$18.4M	20x	as long as short
QFEX OPENAI-USD	−0.053%	−0.0008%	1h	$1.2M	$387K	10x	as long as short
Aster OPENAIUSDT	−0.039%	+0.0050%	8h	$209K	$2K	20x	as long as short
Phemex OPENAIUSDT	−0.033%	0.0000%	8h	$1.6M	$592K	10x	as long as short
Variational Omni OPENAI	−0.023%	+0.0050%	8h	$2.6M	$191K	—	as long as short
Deribit OPENAI_USDC-PERPETUALlong	0.000%	+0.0422%	1h	—	$3	5x

Show all 21 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin OPENAI-USDTshort	+0.015%	+0.0029%	8h	$482K	$233K	20x
HTX OPENAI-USDT	+0.025%	−0.2169%	8h	$78K	$189K	20x	as long as short
Aevo OPENAI-PERP	+0.039%	+0.0104%	1h	—	—	10x	as long as short
Bitget OPENAIUSDT	+0.075%	0.0000%	8h	$5.4M	$4.8M	20x	as long as short
SunX OPENAI-USDT	+0.102%	0.0000%	8h	—	$2.6M	10x	as long as short
Coinbase International OPENAI-PERP-INTX	+0.487%	+0.1544%	1h	$254K	$96K	5x	as long as short
OKX OPENAI-USDT-SWAP	+1.765%	0.0000%	8h	$5.1M	$1.0M	20x	as long as short
Bybit OPENAIUSDT	+2.806%	0.0000%	8h	$784K	$134K	25x	as long as short
Entropy io:OAI	+3.553%	+0.0258%	1h	$7.5M	$1.1M	6x	as long as short
Lighter RH OPENAI	+4.085%	+0.0032%	1h	$3.1M	$5.0M	5x	as long as short
Lighter OPENAI	+5.907%	+0.0032%	1h	$1.4M	$255K	5x	as long as short