OpenAI pre-IPO perpOpen interest
Chart$52.0M +2.1% 24h
| Venue | Open interest | 24h change |
|---|---|---|
| Binance | $14.6M | |
| Bitget | $14.0M | -2.5% |
| Gate | $11.4M | +17.1% |
| Entropy | $3.9M | +3.1% |
Pre-IPO perp · up to 50x · 16 venues
OpenAI pre-IPO perp
OpenAI is privately held; its perpetual futures track a reference price set by each venue. At 02:27 UTC on November 12, 2026, the contract traded at a median $1,293.56 (+1.17% over 24 hours), with $52.0M in open interest across 16 venues, led by Binance with 28%. Venues set their own reference prices and range from $1,291.37 to $1,394.73. Maximum leverage is 50x, on Gate; open-interest-weighted funding is 5.4% annualized.
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As of
- Entropy, 13 markets
- Lighter, 209 markets
- Aster, 578 markets
- Extended, 340 markets
- QFEX, 237 markets
- Kraken Futures, 209 markets
- Variational, 588 markets
- GRVT, 184 markets
- Aevo, unavailable
- Bitget, 930 markets
- Gate, 1077 markets
- MEXC, 1204 markets
- HTX, 410 markets
- KuCoin, 721 markets
- Deribit, 144 markets
- Phemex, 147 markets
- Binance, 758 markets
$1,293.56Live
Loading the price chart.
OPENAI at a glance
Volume, 24h
Chart$164.8M +84.5% d/d
- Volume / OI
- 3.17x
- Nov 10, full day
- $176.3M
- Nov 5: $72.6M
- Nov 6: $140.6M
- Nov 7: $50.3M
- Nov 8: $71.5M
- Nov 9: $95.6M
- Nov 10: $176.3M
Funding
Chart+5.4% a year
- Widest venue gap
- 33.7% long Deribit, short QFEX
- Paid over 24h, Entropy
- +0.046% longs paid
Liquidations
Chart$3.5K 24h
LongsShorts
| Window | Longs liquidated against shorts liquidated | Amount |
|---|---|---|
| 1h | recording | |
| 4h | recording | |
| 24h | recording | |
| 7d | recording |
Taker flow
Chart51% buys, 24h
BuysSells
| Window | Taker buys against taker sells | Amount |
|---|---|---|
| 1h | recording | |
| 4h | recording | |
| 24h | recording | |
| 7d | recording |
Long vs short
Accounts9.9% long, large accounts
- Long / short
- $192.6K / $1.8M
- Accounts
- 2 long · 4 short (0.50 L/S)
Liquidity ±1%
No order book depth for this market.
Liquidations within 5%
Map- Longs, price down 5%
- $0
- Shorts, price up 5%
- $0
OPENAI at your leverage
- Liquidation price
- $1,175.96 −9.1% from $1,293.56 on Gate
- Position
- $10,000 +$100 for each 1% move
- Today at 10x
- +$117 +12% of margin from the 24-hour change
- Hold a day
- $0.00 Funding and borrow at today's rate
| Venue | Offers 10x | Liquidation | Room | Hold a day |
|---|---|---|---|---|
| Gate | Yes | $1,175.96 | −9.1% | $0.00 |
| MEXC | Yes | $1,175.96 | −9.1% | −$1.50 |
| Bitget | Yes | $1,194.06 | −7.7% | −$1.50 |
| HTX | Yes | $1,194.06 | −7.7% | −$1.50 |
| KuCoin | Yes | $1,194.06 | −7.7% | −$1.50 |
| Extended | Yes | $1,225.48 | −5.3% | −$1.44 |
| QFEX | Yes | $1,225.48 | −5.3% | −$9.05 |
| Phemex | Yes | $1,225.48 | −5.3% | $0.00 |
Below 10x:Entropy Lighter Kraken Futures Deribit Aster cap not publishedVariational cap not publishedGRVT cap not publishedBinance cap not published
SPCX
SKHYNIX
GOOGL
HYPEOPENAI perpetual market
Funding spread 33.7% · long Deribit, short QFEX · Price dispersion 799 bps
Shorts pay Longs pay (blue tint: negative funding, red tint: positive funding, stronger at larger rates)
View
Dimmed: 8 venues that cap below your 10x.
| Binance · daily | OPENAIUSDT | – | – | $14.6M | – | 28% | $24.5M | 1.68x | – | – |
|---|---|---|---|---|---|---|---|---|---|---|
| Bitget | OPENAIUSDT | $1,344.87 | +1.93% | $14.0M | -2.5% | 27% | $75.2M | 5.36x | +5.5% | 20x |
| Gate | OPENAI_USDT | $1,292.99 | +2.21% | $11.4M | +17.1% | 22% | $50.3M | 4.43x | 0.0% | 50x |
| Entropy | io:OAI | $1,341.70 | +0.80% | $3.9M | +3.1% | 7.5% | $2.1M | 0.54x | +13.6% | 6x |
| Phemex | OPENAIUSDT | $1,293.04 | +2.22% | $1.5M | +3.1% | 2.8% | $701.0K | 0.48x | 0.0% | 10x |
| QFEX | OPENAI-USD | $1,296.87 | +2.75% | $1.4M | -26.9% | 2.6% | $3.4M | 2.48x | +33.0% | 10x |
| MEXC | OPENAI_USDT | $1,292.99 | +2.03% | $1.3M | -17.5% | 2.5% | $1.8M | 1.39x | +5.5% | 50x |
| Lighter | OPENAI | $1,394.73 | +2.05% | $1.2M | -5.7% | 2.3% | $1.4M | 1.19x | – | 5x |
| Aster | OPENAIUSD1 | $1,294.53 | +1.56% | $1.1M | +1.4% | 2.0% | $163.7K | 0.15x | +5.5% | – |
| Variational | OPENAI | $1,293.17 | +2.88% | $724.1K | -7.0% | 1.4% | $2.1M | 2.86x | +5.5% | – |
| Deribit | OPENAI_USDC-PERPETUAL | $1,303.57 | +2.53% | $522.1K | +2.1% | 1.0% | $672.0K | 1.29x | -0.7% | 5x |
| KuCoin | OPENAIUSDTM | $1,299.85 | +2.29% | $407.6K | -1.5% | 0.8% | $494.0K | 1.21x | +5.5% | 20x |
| Extended | OPENAI-USD | $1,291.37 | +2.35% | $80.3K | +77.8% | 0.2% | $1.9M | 23.80x | +5.3% | 10x |
| Kraken Futures | PF_OPENAIXUSD | $1,293.34 | +2.61% | $57.0K | +3.3% | 0.1% | $14.9K | 0.26x | +5.5% | 5x |
| HTX | OPENAI-USDT | $1,293.11 | +2.31% | $49.7K | +0.9% | <0.1% | $72.4K | 1.46x | +5.5% | 20x |
| GRVT | OPENAI_USDT_Perp | $1,293.56 | +2.59% | $1.7K | +4.2% | <0.1% | $30.3K | 18.19x | +5.5% | – |
| All venues | $1,293.56 | +1.17% | $52.0M | +2.1% | 100% | $164.8M | 3.17x | +5.4% | 50x |
Not counted, priced too far from the other venues to be the same contract (another scale or instrument): OKX OPENAI-USDT-SWAP at $131.39.
OPENAI funding rate
OPENAI funding is +5.4% a year, weighted by open interest across 16 venues, with 33.7% between the highest and lowest venue.
OPENAI funding settlements, 7 days
Entropy
Latest settled +16.7% APR · hourly
Lighter
Latest settled +0.9% APR · hourly
Aster
Latest settled +5.5% APR · every 8h
Extended
Latest settled +5.3% APR · hourly
QFEX
Latest settled -3.2% APR · hourly
Kraken Futures
Latest settled +5.5% APR · hourly
Variational
Latest settled +5.5% APR · every 8h
GRVT
Latest settled +5.5% APR · every 8h
Bitget
Latest settled +5.5% APR · every 8h
Gate
Latest settled 0.0% APR · every 8h
MEXC
Latest settled +5.5% APR · every 8h
HTX
Latest settled +5.5% APR · every 8h
KuCoin
Latest settled +5.5% APR · every 8h
Deribit
Latest settled -0.8% APR · hourly
Phemex
Latest settled 0.0% APR · every 8h
| Venue | Settlements | 7-day avg APR | Lowest | Highest | Longs paid |
|---|---|---|---|---|---|
| Entropy | 168 | +10.0% | -39.0% | +71.9% | 95% of hours |
| Lighter | 167 | +0.2% | -12.3% | +10.5% | 35% of hours |
| Aster | 21 | +5.5% | +5.5% | +5.5% | 100% of hours |
| Extended | 167 | +5.3% | +5.3% | +5.3% | 100% of hours |
| QFEX | 167 | +13.9% | -26.3% | +70.1% | 73% of hours |
| Kraken Futures | 167 | +5.5% | +5.5% | +6.1% | 100% of hours |
| Variational | 167 | +5.5% | +5.5% | +5.5% | 100% of hours |
| GRVT | 29 | +5.5% | +5.5% | +5.5% | 100% of hours |
| Bitget | 29 | +5.5% | +5.5% | +5.5% | 100% of hours |
| Gate | 29 | 0.0% | 0.0% | 0.0% | 0% of hours |
| MEXC | 29 | +5.5% | +5.5% | +5.5% | 100% of hours |
| HTX | 29 | +5.5% | +5.5% | +5.5% | 100% of hours |
| KuCoin | 29 | +5.5% | +5.5% | +5.5% | 100% of hours |
| Deribit | 167 | 0.0% | -9.6% | +7.1% | 39% of hours |
| Phemex | 22 | 0.0% | 0.0% | 0.0% | 0% of hours |
OPENAI open interest
OPENAI open interest is $52.0M across 16 venues.
OPENAI liquidation map
Range
Current price $1,333.55. Hover or use the arrow keys to read a level.
| Price range | Longs | Shorts |
|---|---|---|
| $1,260.20 to $1,263.54 | $79.5K | $0 |
| $1,216.86 to $1,220.20 | $6.6K | $0 |
| $1,210.20 to $1,213.53 | $4.6K | $0 |
| $1,223.53 to $1,226.87 | $2.2K | $0 |
68 accounts on Entropy · $2.6M long · $3.4M short · Nov 12, 01:00 UTC
OPENAI liquidation history
OPENAI long and short liquidations by venue.
OPENAI volume and order flow
$164.8M of OPENAI traded in the last 24 hours across 16 venues.
OPENAI order book and taker flow
Entropy
| Window | Taker buys | Taker sells | Net | Buy share |
|---|---|---|---|---|
| 1 hour | $1.3M | $1.5M | −$172.6K | 47% |
| 4 hours | $3.0M | $3.3M | −$344.1K | 47% |
| 12 hours | $10.7M | $11.0M | −$284.4K | 49% |
| 24 hours | $30.2M | $29.2M | +$947.9K | 51% |
| 3 days | $81.4M | $78.0M | +$3.4M | 51% |
| 7 days | $148.5M | $139.1M | +$9.4M | 52% |
OPENAI large trades, 7 days
Trades over $100K · liquidations over $10K
| Time | Venue | Trade | Size | Price |
|---|---|---|---|---|
| Nov 8, 01:06 UTC | Entropy | Taker sell | $230.3K | $1,325.60 |
| Nov 7, 01:03 UTC | Entropy | Taker buy | $302.7K | $1,300.00 |
OPENAI news
Loading the latest OPENAI headlines.
OpenAI coverage
Perps stories
OPENAI listing and leverage changes
| When | Venue | Change |
|---|---|---|
| Nov 1, 2026 | Aster OPENAIUSDT | Listed again |
| Nov 1, 2026 | Aster OPENAIUSDT | Delisted |
| Oct 22, 2026 | Aster OPENAIUSDT | Listed again |
| Oct 22, 2026 | Aster OPENAIUSDT | Delisted |