Funding you earn now, next payment 00:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.02 per $10,000 · paid last 24h −0.052%
Price spread now: OKX against Bitget−0.110%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$500.504% of the position
Funding, last 7 days−0.063%−$6 on $10k
+Price spread, last 7 days+0.163%+$16 · spread now −0.110%, 7d avg −0.002%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.108% cheaper against Bitget than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget OPUSDT | 0.1277 | 0.0100 | pay 0.0100% / 8h | 1h 23m | $6.1M | $6.2M | 75x |
| Short | OKX OP-USDT-SWAP | 0.1276 | 0.0098 | get 0.0098% / 8h | 1h 23m | $6.0M | $30.1M | 50x |
Bitget OPUSDT
OKX OP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$0.46
- Price spread: −0.110% → −0.002%
- −$10.79
- Slippage, 4 orders
- −$28.43
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$61.68
- Costs to cover
- 0.504%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; OKX: live order book, 5 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 | 3.94 bp | 13.5 bp −$13 | 27.8 bp −$278 | 96.7 bp −$9,672 | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.39 bp | 12.0 bp −$12 | 31.3 bp −$313 | doesn't fit | doesn't fit |
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 | −0.1710% | 1h | 0.1266 | −0.861% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1277 | +0.014% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0360% | 1h | 0.1269 | −0.626% | $21K | $64K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1277 | −0.012% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1276 | −0.078% | $42K | $171K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1277 | +0.013% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0047% | 8h | 0.1273 | −0.345% | $233K | $52K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0059% | 8h | 0.1276 | −0.078% | $6K | $49K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1277 | −0.031% | $277K | $906K | 15x | as long as short |
| OKX OP-USDT-SWAPshort | +0.0098% | 8h | 0.1276 | −0.110% | $6.0M | $30.1M | 50x |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1278 | +0.110% | $4.1M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1277 | +0.025% | $213K | $241K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1277 | −0.013% | $20.8M | $61.8M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1276 | −0.078% | $18.8M | $25.4M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1277 | 0.000% | $1.9M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1277 | 0.000% | $20.1M | $7.1M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1276 | −0.078% | $2.9M | $7.5M | 75x | as long as short |
| Bitget OPUSDTlong | +0.0100% | 8h | 0.1277 | long leg | $6.1M | $6.2M | 75x | |
| BingX OP-USDC | +0.0100% | 8h | 0.1277 | 0.000% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1277 | −0.008% | $127K | $190K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1275 | −0.151% | $11K | $380K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1276 | −0.078% | $319K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1276 | −0.078% | $46K | $721K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1276 | −0.110% | $176 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1278 | +0.047% | $177K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1275 | −0.140% | $102K | $186K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1277 | −0.013% | $4K | — | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1276 | −0.102% | $1.0M | $287K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0225% | 1h | 0.1277 | +0.038% | $798K | $745K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0437% | 1h | 0.1276 | −0.056% | $710 | — | 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
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP