Funding you earn now, next payment 00:00 UTC−0.0215%/8h= −23.6% APRpaid last 24h −0.072%
Price spread now: Bybit against Entropy+0.290%7-day average −1.651% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.611%−$61 on $10k
+Price spread, last 4 days (all we have)−3.257%−$326 · spread now +0.290%, 7d avg −1.651%
=The price spread pays, funding is against you. Bybit is 1.941% dearer against Entropy than usual: you sell high and buy low (spread +0.290% now, against its 7-day average of −1.651%): +$194 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 30 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:OAI | 1,664.3 | 0.0215 | pay 0.0027% / 1h | 44m 53s | $7.3M | $2.2M | 6x |
| Short | Bybit OPENAIUSDT | 1,669.1 | 0 | get 0.0000% / 8h | 44m 53s | $764K | $222K | 25x |
Entropy io:OAI
Bybit OPENAIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Entropy. 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
- −$45.22
- Price spread: +0.290% → −1.651%
- $194.05
- Slippage, 4 orders
- no order book: not counted
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $119.83
- Costs to cover
- 0.290%
- Break-even
- from the start
Slippage unknown: Entropy: live order book, 2 min ago; Bybit: live order book, 30 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 Entropy live order book, 2 min ago | 5.40 bp | 28.2 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 30 min ago | 10.55 bp | 65.5 bp −$66 | 377.9 bp −$3,779 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OPENAI-PERP-INTX | −0.0168% | 1h | 1,625.4 | −2.340% | $236K | $143K | 5x | as long as short |
| QFEX OPENAI-USD | −0.0010% | 1h | 1,623.2 | −2.471% | $1.2M | $387K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,702.2 | +2.277% | $1.4M | $286K | 5x | as long as short |
| Bybit OPENAIUSDTshort | 0.0000% | 8h | 1,669.1 | +0.290% | $764K | $222K | 25x | |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,653.5 | −0.649% | $5.1M | $1.4M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,620 | −2.662% | $52.7M | $39.4M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,623.4 | −2.456% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,623.7 | −2.439% | — | $2.6M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,624.3 | −2.405% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,623.4 | −2.457% | $79K | $213K | 20x | as long as short |
Coinbase International OPENAI-PERP-INTX
QFEX OPENAI-USD
Lighter OPENAI
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
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 | 1,623 | −2.483% | $1.6M | $560K | 10x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,674.8 | +0.630% | $2.6M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,622.5 | −2.510% | $131K | $667K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,628.3 | −2.161% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,623.2 | −2.471% | $23.1M | $18.9M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,622.8 | −2.493% | $13.0M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,627.7 | −2.199% | $376K | $64K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,623 | −2.480% | $2.6M | $753K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,621.3 | −2.584% | $2K | $142K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0074% | 8h | 1,623.2 | −2.472% | $470K | $275K | 20x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,623.2 | −2.471% | — | — | 10x | as long as short |
| Entropy io:OAIlong | +0.0215% | 1h | 1,664.3 | long leg | $7.3M | $2.2M | 6x |
Phemex OPENAIUSDT
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
BloFin OPENAI-USDT
Aevo OPENAI-PERP