Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.067%
Price spread now: Deribit against Bitget0.000%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$650.655% of the position
Funding, last 7 days−0.283%−$28 on $10k
+Price spread, last 3 days (all we have)+0.169%+$17 · spread now 0.000%, 7d avg 0.000%
=The price spread sits at its 7-day average of 0.000%, 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 | Bitget OPUSDT | 0.1257 | 0.0100 | pay 0.0100% / 8h | 6h 32m | $5.9M | $6.6M | 75x |
| Short | Deribit OP_USDC-PERPETUAL | 0.1257 | 0 | get 0.0000% / 1h | 32m 54s | $41K | $151K | 25x |
Bitget OPUSDT
Deribit OP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bitget. 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
- −$21
- Price spread: 0.000% → 0.000%
- $0.03
- Slippage, 4 orders
- −$46.48
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$86.45
- Costs to cover
- 0.655%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Deribit: live order book, 35 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 Bitget live order book, 5 min ago | 3.99 bp | 10.0 bp −$10 | 22.0 bp −$220 | 103.0 bp −$10.3K | doesn't fit |
| Sell Deribit live order book, 35 min ago | 7.84 bp | 27.0 bp −$27 | doesn't fit | 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 | 0.1256 | −0.080% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1257 | −0.011% | $13K | — | 100x | 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 | +0.139% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUALshort | 0.0000% | 1h | 0.1257 | 0.000% | $41K | $151K | 25x | |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1257 | −0.018% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0052% | 8h | 0.1257 | +0.036% | $223K | $51K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0058% | 8h | 0.1256 | −0.080% | $6K | $47K | 10x | as long as short |
| OKX OP-USDT-SWAP | +0.0085% | 8h | 0.1258 | +0.095% | $6.0M | $30.0M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1256 | −0.064% | $279K | $949K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
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 | 0.1256 | −0.095% | $3.8M | $3.0M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1257 | −0.002% | $210K | $229K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1258 | +0.088% | $20.2M | $62.6M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1258 | +0.056% | $18.3M | $26.2M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1258 | +0.064% | $1.9M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1257 | +0.016% | $20.5M | $7.4M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1257 | 0.000% | $2.9M | $7.0M | 75x | as long as short |
| Bitget OPUSDTlong | +0.0100% | 8h | 0.1257 | long leg | $5.9M | $6.6M | 75x | |
| BingX OP-USDC | +0.0100% | 8h | 0.1257 | 0.000% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1254 | −0.207% | $123K | $206K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1257 | −0.008% | $4K | $390K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1258 | +0.080% | $310K | $5.3M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1257 | 0.000% | $43K | $726K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1256 | −0.072% | $172 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1257 | −0.032% | $173K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1257 | +0.004% | $103K | $393K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1257 | −0.022% | $3K | $1K | 3x | as long as short |
| Reya OPRUSDPERP | +0.0439% | 1h | 0.1256 | −0.098% | $698 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0464% | 1h | 0.1256 | −0.046% | $793K | $597K | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
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
Reya OPRUSDPERP
Kraken Futures PF_OPUSD