Funding you earn now, next payment 08:00 UTC−0.0061%/8h= −6.6% APRnext payment −$0.61 per $10,000 · paid last 24h −0.032%
Price spread now: Orderly against BingX+0.176%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.128%−$13 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Orderly is 0.176% dearer against BingX than usual: you sell high and buy low (spread +0.176% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX OP-USDT | 0.1253 | 0.0100 | pay 0.0100% / 8h | 2h 42m | — | $6.6M | — |
| Short | Orderly PERP_OP_USDC | 0.1255 | 0.0039 | get 0.0039% / 8h | 2h 42m | $59K | $107K | 10x |
BingX OP-USDT
Orderly PERP_OP_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$12.75
- Price spread: +0.176% → 0.000%
- $17.56
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$11.19
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: BingX: live order book, 4 min ago; Orderly: 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 BingX live order book, 4 min ago | 1.99 bp | 10.6 bp −$11 | 22.5 bp −$225 | 110.3 bp −$11.0K | 471.4 bp −$235.7K |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.1583% | 1h | 0.1252 | −0.064% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1258 | +0.389% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0546% | 1h | 0.1256 | +0.255% | $40K | $139K | 25x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1254 | +0.129% | $39K | $532 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1258 | +0.394% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0026% | 8h | 0.1260 | +0.553% | $223K | $48K | — | as long as short |
| Orderly PERP_OP_USDCshort | +0.0039% | 8h | 0.1255 | +0.176% | $59K | $107K | 10x | |
| Kraken Futures PF_OPUSD | +0.0074% | 1h | 0.1259 | +0.461% | $764K | $590K | 20x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1254 | +0.072% | $282K | $980K | 15x | as long as short |
| OKX OP-USDT-SWAP | +0.0096% | 8h | 0.1252 | −0.072% | $6.2M | $28.5M | 50x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
dYdX OP-USD
gTrade (Gains Network) OP/USD
Variational Omni OP
Kraken Futures PF_OPUSD
Lighter OP
OKX OP-USDT-SWAPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1253 | +0.040% | $3.5M | $2.8M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1254 | +0.107% | $209K | $216K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1252 | −0.059% | $20.2M | $63.0M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1251 | −0.128% | $18.5M | $25.4M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1254 | +0.096% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1252 | −0.056% | $21.3M | $7.2M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1252 | −0.064% | $2.9M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1253 | +0.016% | $5.8M | $6.6M | 75x | as long as short |
| BingX OP-USDTlong | +0.0100% | 8h | 0.1253 | long leg | — | $6.6M | — | |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1253 | +0.040% | $105K | $213K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1271 | +1.422% | $385K | $769K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1255 | +0.183% | $310K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1258 | +0.415% | $43K | $705K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1256 | +0.247% | $202 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1256 | +0.279% | $171K | $234K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1251 | −0.119% | $101K | $505K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1255 | +0.216% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0160% | 1h | 0.1257 | +0.335% | $25K | $57K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1257 | +0.319% | $1.0M | $277K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0442% | 1h | 0.1259 | +0.475% | $700 | — | 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
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Reya OPRUSDPERP