Settings8H · net · $10k
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Funding arb · Price arb /

OPENAI

RWAall OPENAI markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC+0.0177%/8h= +19.4% APRnext payment +$0.22 per $10,000 · paid last 24h +0.157%
Price spread now: Coinbase International against Entropy−2.332%7-day average −3.873% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on EntropyShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days+0.230%+$23 on $10k
Price spread, last 4 days (all we have)−2.076%−$208 · spread now −2.332%, 7d avg −3.873%
Together, before fees−1.846%−$185 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Coinbase International is 1.540% dearer against Entropy than usual: you sell high and buy low: +$154 more if the spread goes back to its 7-day average of −3.873%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongEntropy io:OAI1,667.90.0167pay 0.0021% / 1h21m 16s$7.6M$2.4M6x
ShortCoinbase International OPENAI-PERP-INTX1,6290.0344get 0.0043% / 1h21m 16s$233K$173K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Entropy. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$37.15
Price spread: −2.332% → −3.873%
$154.03
Slippage, 4 orders
no order book: not counted
Fee Entropy: 9 bp × 2 orders
−$18
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$163.18
Costs to cover
0.280%
Break-even
from the start
Slippage unknown: Entropy: live order book, 6 min ago; Coinbase International: live order book, 12 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Entropy live order book, 6 min ago2.40 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Coinbase International live order book, 12 min ago22.82 bp34.9 bp −$3553.6 bp −$536doesn't fitdoesn't fit

OPENAI on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX OPENAI-USD−0.0004%1h1,624.1−2.629%$1.2M$636K10xas long as short
Bybit OPENAIUSDT0.0000%8h1,660.3−0.457%$730K$284K25xas long as short
OKX OPENAI-USDT-SWAP0.0000%8h1,651.4−0.989%$5.1M$1.3M20xas long as short
Gate OPENAI_USDT0.0000%8h1,622.3−2.736%$46.3M$10.6M50xas long as short
Bitget OPENAIUSDT0.0000%8h1,625.4−2.546%$5.4M$3.8M20xas long as short
SunX OPENAI-USDT0.0000%8h1,624.7−2.590%—$2.2M10xas long as short
HTX OPENAI-USDT0.0000%8h1,624.6−2.596%$79K$225K20xas long as short
Phemex OPENAIUSDT0.0000%8h1,625−2.570%$1.6M$498K10xas long as short
Lighter OPENAI+0.0008%1h1,710.6+2.560%$1.4M$276K5xas long as short
Lighter RH OPENAI+0.0032%1h1,678.3+0.626%$2.7M$6.2M5xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended OPENAI-USD+0.0048%1h1,623.8−2.641%$142K$808K10xas long as short
Aster OPENAIUSDT+0.0050%8h1,627.3−2.433%$212K$3K20xas long as short
Binance OPENAIUSDT+0.0050%8h1,624.4−2.611%$22.9M$16.2M20xas long as short
MEXC OPENAI_USDT+0.0050%8h1,623.4−2.667%$6.6M$2.4M50xas long as short
KuCoin OPENAIUSDTM+0.0050%8h1,624.6−2.594%$375K$121K20xas long as short
Variational Omni OPENAI+0.0050%8h1,619.6−2.894%$2.6M$759K—as long as short
GRVT OPENAI_USDT_Perp+0.0050%8h1,621.5−2.780%$3K$173K10xas long as short
BloFin OPENAI-USDT+0.0060%8h1,624.6−2.594%$480K$301K20xas long as short
Aevo OPENAI-PERP+0.0104%1h1,624.1−2.624%——10xas long as short
Entropy io:OAIlong+0.0167%1h1,667.9long leg$7.6M$2.4M6x
Coinbase International OPENAI-PERP-INTXshort+0.0344%1h1,629−2.332%$233K$173K5x
Deribit OPENAI_USDC-PERPETUAL+0.0523%1h1,624.6−2.595%$3K$3K5xas long as short