Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.015%
Price spread now: Bybit against Variational Omni+2.441%7-day average +2.945% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.050%−$5 on $10k
+Price spread, last 4 days (all we have)+0.112%+$11 · spread now +2.441%, 7d avg +2.945%
=Together, before fees+0.062%+ Points / potential airdropVariational Omni: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.505% cheaper against Variational Omni than usual: you would sell low and buy high (−$50 if the spread goes back to its 7-day average of +2.945%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni OPENAI | 1,622.5 | 0.0050 | pay 0.0050% / 8h | 5h 05m | $2.6M | $760K | — |
| Short | Bybit OPENAIUSDT | 1,662.1 | 0 | get 0.0000% / 8h | 5h 05m | $758K | $207K | 25x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Variational Omni. 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
- −$10.5
- Price spread: +2.441% → +2.945%
- −$50.45
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$71.95
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Bybit: live order book, 54 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 Variational Omni RFQ quote, 3 min ago | 3.79 bp | doesn't fit | 69.3 bp −$693 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 54 min ago | 15.71 bp | 70.4 bp −$70 | 533.1 bp −$5,331 | 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 | −0.0104% | 1h | 1,625.2 | +0.166% | $225K | $159K | 5x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,707.7 | +5.254% | $1.4M | $269K | 5x | as long as short |
| Bybit OPENAIUSDTshort | 0.0000% | 8h | 1,662.1 | +2.441% | $758K | $207K | 25x | |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,651.3 | +1.775% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,619.4 | −0.191% | $52.4M | $28.8M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,624 | +0.091% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,623.3 | +0.049% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,622.7 | +0.012% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,623.3 | +0.052% | $79K | $217K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,622.6 | +0.007% | $1.6M | $545K | 10x | as long as short |
Show all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX OPENAI-USD | 0.0000% | 1h | 1,622.9 | +0.024% | $1.2M | $491K | 10x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,674.8 | +3.224% | $2.7M | $6.2M | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0044% | 8h | 1,623.1 | +0.037% | $474K | $277K | 20x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,622.6 | +0.006% | $141K | $737K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,628.1 | +0.345% | $212K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,623 | +0.032% | $22.9M | $17.8M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,622.8 | +0.019% | $13.0M | $3.2M | 50x | as long as short |
| KuCoin OPENAIUSDTM | +0.0050% | 8h | 1,624.6 | +0.128% | $374K | $69K | 20x | as long as short |
| Variational Omni OPENAIlong | +0.0050% | 8h | 1,622.5 | long leg | $2.6M | $760K | — | |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,623.6 | +0.068% | $2K | $143K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,622.5 | 0.000% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0150% | 1h | 1,667.1 | +2.749% | $7.4M | $2.1M | 6x | as long as short |
Variational Omni OPENAI
Bybit OPENAIUSDT
Coinbase International OPENAI-PERP-INTX
Lighter OPENAI
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDT
Phemex OPENAIUSDT
Lighter RH OPENAI
BloFin OPENAI-USDT
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
KuCoin OPENAIUSDTM
GRVT OPENAI_USDT_Perp