Funding you earn now, next payment 05:00 UTC−0.0149%/8h= −16.3% APRpaid last 24h −0.066%
Price spread now: Gate against Entropy−3.370%49s7-day average −5.392% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.600%−$60 on $10k
+Price spread, last 7 days−3.170%−$317 · spread now −3.370%, 7d avg −5.392%
=The price spread pays, funding is against you. Gate is 2.022% dearer against Entropy than usual: you sell high and buy low (spread −3.370% now, against its 7-day average of −5.392%): +$202 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 45 days. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:OAI | 1,673.9 | 0.0149 | pay 0.0019% / 1h | 47m 48s | $7.7M | $2.3M | 6x |
| Short | Gate OPENAI_USDT | 1,617.5 | 0 | get 0.0000% / 8h | 3h 47m | $52.3M | $25.3M | 50x |
Entropy io:OAI
Gate OPENAI_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$31.23
- Price spread: −3.370% → −5.392%
- $202.17
- Slippage, 4 orders
- no order book: not counted
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $137.94
- Costs to cover
- 0.330%
- Break-even
- from the start
Slippage unknown: Entropy: live order book, 9 min ago; Gate: live order book, 1 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, 9 min ago | 0.30 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 1.48 bp | 11.9 bp −$12 | 312.7 bp −$3,127 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX OPENAI-USD | −0.0001% | 1h | 1,620.5 | −3.191% | $1.2M | $558K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,711.9 | +2.272% | $1.4M | $265K | 5x | as long as short |
| Bybit OPENAIUSDT | 0.0000% | 8h | 1,663.6 | −0.613% | $755K | $207K | 25x | as long as short |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,650.4 | −1.404% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDTshort | 0.0000% | 8h | 1,617.5 | −3.370% | $52.3M | $25.3M | 50x | |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,622.4 | −3.074% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,622.4 | −3.077% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,621.7 | −3.121% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,620.7 | −3.181% | $79K | $221K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,620.6 | −3.187% | $1.6M | $543K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
Bybit OPENAIUSDT
OKX OPENAI-USDT-SWAP
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDT
Phemex OPENAIUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,679.3 | +0.322% | $2.7M | $6.2M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,620 | −3.220% | $141K | $737K | 10x | as long as short |
| BloFin OPENAI-USDT | +0.0049% | 8h | 1,620.4 | −3.196% | $472K | $286K | 20x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,627.3 | −2.784% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,620.4 | −3.193% | $22.8M | $17.8M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,620.5 | −3.191% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,625.3 | −2.902% | $375K | $68K | 20x | as long as short |
| Variational Omni OPENAI | +0.0050% | 8h | 1,620.4 | −3.196% | $2.6M | $766K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,621.5 | −3.132% | $2K | $155K | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0056% | 1h | 1,622 | −3.099% | $226K | $162K | 5x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,620.3 | −3.201% | — | — | 10x | as long as short |
| Entropy io:OAIlong | +0.0149% | 1h | 1,673.9 | long leg | $7.7M | $2.3M | 6x |
Lighter RH OPENAI
Extended OPENAI-USD
BloFin OPENAI-USDT
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Coinbase International OPENAI-PERP-INTX
Aevo OPENAI-PERP