Funding you earn now, next payment 07:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.004%
Price spread now: gTrade (Gains Network) against Binance+0.019%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPUSDT | 0.1250 | 0.0100 | pay 0.0100% / 8h | 1h 59m | $19.5M | $64.9M | 75x |
| Short | gTrade (Gains Network) OP/USD | 0.1251 | L +0.0004% / S −0.0004% | get 0.0000% / 1h | 59m 11s | — | — | 150x |
Binance OPUSDT
gTrade (Gains Network) OP/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Binance. 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
- −$20.17
- Price spread: +0.019% → 0.000%
- $1.89
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$38.28
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 13 min ago; gTrade (Gains Network): 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 Binance live order book, 13 min ago | 0.40 bp | 9.9 bp −$10 | 26.7 bp −$267 | 97.3 bp −$9,728 | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): 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.
OP on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1760% | 1h | 0.1244 | −0.510% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1251 | +0.056% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0549% | 1h | 0.1250 | −0.030% | $33K | $153K | 25x | as long as short |
| Hyperliquid OP | −0.0108% | 1h | 0.1250 | −0.054% | $3.5M | $3.3M | 5x | as long as short |
| Kraken Futures PF_OPUSD | −0.0034% | 1h | 0.1251 | +0.035% | $750K | $633K | 20x | as long as short |
| Orderly PERP_OP_USDC | −0.0019% | 8h | 0.1250 | −0.030% | $59K | $142K | 10x | as long as short |
| Variational Omni OP | −0.0003% | 8h | 0.1251 | +0.052% | $222K | $46K | — | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1250 | −0.022% | $39K | $522 | 10x | as long as short |
| gTrade (Gains Network) OP/USDshort | L +0.0004% / S −0.0004% | 1h | 0.1251 | +0.019% | — | — | 150x | |
| Coinbase International OP-PERP-INTX | +0.0032% | 1h | 0.1254 | +0.290% | $26K | $60K | 50x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Hyperliquid OP
Kraken Futures PF_OPUSD
Orderly PERP_OP_USDC
Variational Omni OP
dYdX OP-USD
Coinbase International OP-PERP-INTXShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit OPUSDT | +0.0053% | 8h | 0.1250 | +0.002% | $18.4M | $25.7M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0091% | 8h | 0.1251 | +0.050% | $6.1M | $29.0M | 50x | as long as short |
| KuCoin OPUSDTM | +0.0093% | 8h | 0.1249 | −0.110% | $2.8M | $6.3M | 75x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1251 | +0.050% | $275K | $1.1M | 15x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1252 | +0.090% | $204K | $213K | 10x | as long as short |
| Binance OPUSDTlong | +0.0100% | 8h | 0.1250 | long leg | $19.5M | $64.9M | 75x | |
| Gate OP_USDT | +0.0100% | 8h | 0.1251 | +0.034% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1251 | +0.034% | $23.1M | $7.6M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1251 | +0.050% | $5.8M | $6.7M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1251 | +0.050% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1251 | +0.018% | $105K | $213K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1251 | +0.040% | $379K | $769K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1251 | +0.084% | $309K | $5.4M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1252 | +0.130% | $43K | $704K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1250 | +0.002% | $215 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1250 | −0.062% | $173K | $245K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1250 | −0.025% | $101K | $506K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1250 | −0.020% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1250 | −0.046% | $985K | $303K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0443% | 1h | 0.1249 | −0.075% | $695 | — | 20x | as long as short |
Bybit OPUSDT
OKX OP-USDT-SWAP
KuCoin OPUSDTM
Lighter OP
Aster OPUSDT
Gate OP_USDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Reya OPRUSDPERP