OP

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: KuCoin against Bitget0.000%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1161.165% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 7 days−0.050%−$5 · spread now 0.000%, 7d avg −0.020%

Together, before fees−0.055%−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget OPUSDT	0.1246	0.0100	pay 0.0100% / 8h	5h 59m	$5.8M	$6.7M	75x
Short	KuCoin OPUSDTM	0.1246	0.0100	get 0.0100% / 8h	5h 59m	$2.9M	$5.6M	75x

Funding history

latest

Range statsloading…

KuCoin against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee BitgetbpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Slippage from Bitget: live order book, 2 min ago; KuCoin: live order book, 2 min ago.

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, 2 min ago	4.01 bp	13.7 bp −$14	22.8 bp −$228	118.9 bp −$11.9K	doesn't fit
Sell KuCoin live order book, 2 min ago	4.01 bp	34.8 bp −$35	83.2 bp −$832	doesn't fit	doesn't fit

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
GMX OP/USD [OP-USDC]	L −0.0886% / S +0.0200%	1h	0.1247	+0.084%	$13K	—	100x	as long as short
Hyperliquid OP	−0.0640%	1h	0.1245	−0.064%	$3.8M	$4.0M	5x	as long as short
Deribit OP_USDC-PERPETUAL	−0.0552%	1h	0.1246	0.000%	$31K	$112K	25x	as long as short
Orderly PERP_OP_USDC	−0.0059%	8h	0.1246	0.000%	$12K	$232K	10x	as long as short
Coinbase International OP-PERP-INTX	−0.0048%	1h	0.1244	−0.161%	$25K	$67K	50x	as long as short
SoDEX OP-USD	−0.0024%	1h	0.1246	+0.008%	$194	$5K	5x	as long as short
Binance OPUSDT	−0.0019%	8h	0.1245	−0.040%	$19.2M	$66.1M	75x	as long as short
MEXC OP_USDT	−0.0017%	8h	0.1246	−0.008%	$22.0M	$7.3M	300x	as long as short
Extended OP-USD	−0.0016%	1h	0.1246	−0.011%	$100K	$581K	25x	as long as short
dYdX OP-USD	0.0000%	1h	0.1248	+0.161%	$39K	$522	10x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1246	−0.016%	—	—	150x	as long as short
Gate OP_USDT	+0.0015%	8h	0.1247	+0.072%	$2.0M	$1.3M	50x	as long as short
Injective OP/USDC PERP	+0.0033%	1h	0.1257	+0.883%	$35K	$67K	12x	as long as short
GRVT OP_USDT_Perp	+0.0039%	8h	0.1247	+0.045%	$304K	$5.5M	10x	as long as short
Variational Omni OP	+0.0065%	8h	0.1244	−0.148%	$220K	$46K	—	as long as short
Aevo OP-PERP	+0.0080%	1h	0.1247	+0.070%	$3K	$1K	3x	as long as short
Lighter OP	+0.0096%	1h	0.1247	+0.080%	$264K	$1.1M	15x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1247	+0.080%	$207K	$211K	10x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1246	−0.008%	$18.1M	$24.6M	75x	as long as short
OKX OP-USDT-SWAP	+0.0100%	8h	0.1246	0.000%	$6.0M	$27.8M	50x	as long as short
KuCoin OPUSDTMshort	+0.0100%	8h	0.1246	0.000%	$2.9M	$5.6M	75x
Bitget OPUSDTlong	+0.0100%	8h	0.1246	long leg	$5.8M	$6.7M	75x
BingX OP-USDC	+0.0100%	8h	0.1247	+0.080%	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1246	−0.008%	$109K	$219K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1244	−0.164%	$4K	$1.1M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1244	−0.161%	$43K	$688K	50x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1247	+0.112%	$169K	$252K	50x	as long as short
BloFin OP-USDT	+0.0101%	8h	0.1247	+0.088%	$983K	$282K	75x	as long as short
Kraken Futures PF_OPUSD	+0.0155%	1h	0.1248	+0.185%	$742K	$746K	20x	as long as short
Reya OPRUSDPERP	+0.0446%	1h	0.1246	−0.019%	$693	—	20x	as long as short