OPENAI

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0066%/8h= +7.2% APRnext payment +$0.08 per $10,000 · paid last 24h +0.048%

Price spread now: Deribit against Entropy−2.627%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Entropy Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 22 hours (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Deribit is 2.627% cheaper against Entropy than usual: you would sell low and buy high (spread −2.627% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$263 on $10k: about 4 months of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:OAI	1,667.9	0.0167	pay 0.0021% / 1h	21m 31s	$7.6M	$2.4M	6x
Short	Deribit OPENAI_USDC-PERPETUAL	1,624.1	0.0233	get 0.0029% / 1h	21m 31s	$3K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Entropy. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee EntropybpFee DeribitbpOrdersPrice spread, now −2.627%Rate

Funding earned: $13.84
Price spread: −2.627% → 0.000%: −$262.67
Slippage, 4 orders: no order book: not counted
Fee Entropy: 9 bp × 2 orders: −$18
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$273.83
Costs to cover: 0.250%
Break-even: 145.5 days

Slippage unknown: Entropy: live order book, 5 min ago; Deribit: no order-book sample. 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, 5 min ago	2.40 bp	doesn't fit	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 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-USD	−0.0004%	1h	1,624.1	−2.629%	$1.2M	$636K	10x	as long as short
Bybit OPENAIUSDT	0.0000%	8h	1,660.2	−0.459%	$730K	$284K	25x	as long as short
OKX OPENAI-USDT-SWAP	0.0000%	8h	1,651.2	−1.001%	$5.1M	$1.3M	20x	as long as short
Gate OPENAI_USDT	0.0000%	8h	1,621.8	−2.767%	$46.3M	$10.6M	50x	as long as short
Bitget OPENAIUSDT	0.0000%	8h	1,624.4	−2.610%	$5.4M	$3.8M	20x	as long as short
SunX OPENAI-USDT	0.0000%	8h	1,624.2	−2.620%	—	$2.2M	10x	as long as short
HTX OPENAI-USDT	0.0000%	8h	1,624.6	−2.596%	$79K	$225K	20x	as long as short
Phemex OPENAIUSDT	0.0000%	8h	1,624.2	−2.621%	$1.6M	$498K	10x	as long as short
Lighter OPENAI	+0.0008%	1h	1,710.2	+2.536%	$1.4M	$276K	5x	as long as short
Lighter RH OPENAI	+0.0032%	1h	1,677.7	+0.588%	$2.7M	$6.2M	5x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended OPENAI-USD	+0.0048%	1h	1,623.6	−2.658%	$142K	$808K	10x	as long as short
Aster OPENAIUSDT	+0.0050%	8h	1,627	−2.452%	$212K	$3K	20x	as long as short
Binance OPENAIUSDT	+0.0050%	8h	1,624.1	−2.626%	$22.9M	$16.2M	20x	as long as short
MEXC OPENAI_USDT	+0.0050%	8h	1,622.9	−2.697%	$6.6M	$2.4M	50x	as long as short
KuCoin OPENAIUSDTM	+0.0050%	8h	1,624.5	−2.604%	$374K	$121K	20x	as long as short
Variational Omni OPENAI	+0.0050%	8h	1,619.6	−2.894%	$2.6M	$759K	—	as long as short
GRVT OPENAI_USDT_Perp	+0.0050%	8h	1,621.5	−2.780%	$3K	$173K	10x	as long as short
BloFin OPENAI-USDT	+0.0053%	8h	1,623.3	−2.673%	$480K	$300K	20x	as long as short
Aevo OPENAI-PERP	+0.0104%	1h	1,623.5	−2.664%	—	—	10x	as long as short
Entropy io:OAIlong	+0.0167%	1h	1,667.9	long leg	$7.6M	$2.4M	6x
Deribit OPENAI_USDC-PERPETUALshort	+0.0233%	1h	1,624.1	−2.627%	$3K	$3K	5x
Coinbase International OPENAI-PERP-INTX	+0.0344%	1h	1,629	−2.332%	$234K	$172K	5x	as long as short