Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.028%
Price spread now: Extended against BingX−0.029%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$271as in the Funding arb table
Net, price: spread back to 7d avg − costs−$267as in the Price arb table
costs, in and out, $10k−$2642.639% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.029% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX OP-USDC | 0.1257 | 0.0100 | pay 0.0100% / 8h | 6h 09m | — | $1.6M | — |
| Short | Extended OP-USD | 0.1257 | 0.0104 | get 0.0013% / 1h | 9m 03s | $103K | $389K | 25x |
BingX OP-USDC
Extended OP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against BingX. 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
- $0.84
- Price spread: −0.029% → 0.000%
- −$2.9
- Slippage, 4 orders
- −$248.93
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$265.98
- Costs to cover
- 2.639%
- Break-even
- 2223.5 days
Slippage from BingX: live order book, 7 min ago; Extended: live order book, 58 min ago.
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 BingX live order book, 7 min ago | 7.94 bp | 101.6 bp −$102 | 877.2 bp −$8,772 | 1147.8 bp −$114.8K | doesn't fit |
| Sell Extended live order book, 58 min ago | 11.74 bp | 20.9 bp −$21 | 143.9 bp −$1,439 | doesn't fit | doesn't fit |
OP on 29 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 | −0.1535% | 1h | 0.1252 | −0.398% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1258 | +0.052% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0545% | 1h | 0.1257 | 0.000% | $41K | $151K | 25x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0184% | 1h | 0.1279 | +1.750% | $25K | $75K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1259 | +0.142% | $39K | $519 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1258 | +0.062% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1257 | 0.000% | $6K | $47K | 10x | as long as short |
| Variational Omni OP | +0.0056% | 8h | 0.1261 | +0.321% | $224K | $49K | — | as long as short |
| OKX OP-USDT-SWAP | +0.0066% | 8h | 0.1257 | +0.024% | $6.0M | $29.5M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1258 | +0.088% | $279K | $949K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Coinbase International OP-PERP-INTX
dYdX OP-USD
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
Variational Omni OP
OKX OP-USDT-SWAP
Lighter OPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1258 | +0.072% | $3.7M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1257 | −0.008% | $210K | $229K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1258 | +0.048% | $20.2M | $61.9M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1257 | −0.008% | $18.3M | $25.8M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1258 | +0.064% | $1.9M | $1.6M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1257 | 0.000% | $20.6M | $7.5M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1256 | −0.080% | $2.9M | $6.9M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1257 | 0.000% | $5.9M | $6.6M | 75x | as long as short |
| BingX OP-USDClong | +0.0100% | 8h | 0.1257 | long leg | — | $1.6M | — | |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1257 | −0.032% | $121K | $202K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1261 | +0.340% | $4K | $388K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1262 | +0.420% | $311K | $5.2M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1262 | +0.398% | $43K | $706K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1257 | +0.008% | $178 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1257 | +0.032% | $174K | $223K | 50x | as long as short |
| Extended OP-USDshort | +0.0104% | 1h | 0.1257 | −0.029% | $103K | $389K | 25x | |
| Aevo OP-PERP | +0.0104% | 1h | 0.1257 | 0.000% | $3K | $1K | 3x | as long as short |
| Reya OPRUSDPERP | +0.0439% | 1h | 0.1257 | −0.020% | $699 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0463% | 1h | 0.1259 | +0.162% | $795K | $588K | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Aevo OP-PERP
Reya OPRUSDPERP
Kraken Futures PF_OPUSD