Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.025%
Price spread now: Extended against Bybit+0.034%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$650.648% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 4 days (all we have)−0.128%−$13 · spread now +0.034%, 7d avg −0.019%
=Together, before fees−0.149%+ Points / potential airdropExtended: Active · farm board−$15 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.053% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit OPUSDT | 0.1277 | 0.0100 | pay 0.0100% / 8h | 30m 43s | $18.5M | $25.8M | 75x |
| Short | Extended OP-USD | 0.1278 | 0.0104 | get 0.0013% / 1h | 30m 43s | $102K | $186K | 25x |
Bybit OPUSDT
Extended OP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Bybit. 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: +0.034% → −0.019%
- $5.28
- Slippage, 4 orders
- −$48.84
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$58.72
- Costs to cover
- 0.648%
- Break-even
- 496.4 days
Slippage from Bybit: live order book, 3 min ago; Extended: live order book, 46 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 Bybit live order book, 3 min ago | 0.39 bp | 10.3 bp −$10 | 26.8 bp −$268 | 78.9 bp −$7,893 | doesn't fit |
| Sell Extended live order book, 46 min ago | 11.72 bp | 20.8 bp −$21 | 143.4 bp −$1,434 | 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 | −0.1633% | 1h | 0.1272 | −0.423% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1280 | +0.218% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0344% | 1h | 0.1276 | −0.110% | $21K | $65K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1279 | +0.105% | $40K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1280 | +0.204% | $42K | $171K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1280 | +0.204% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0064% | 8h | 0.1280 | +0.204% | $6K | $50K | 10x | as long as short |
| Variational Omni OP | +0.0074% | 8h | 0.1279 | +0.086% | $234K | $54K | — | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1280 | +0.172% | $285K | $928K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1280 | +0.188% | $4.1M | $2.9M | 5x | as long as short |
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
Orderly PERP_OP_USDC
Variational Omni OP
Lighter OP
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1279 | +0.136% | $214K | $241K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1279 | +0.086% | $20.7M | $61.8M | 75x | as long as short |
| Bybit OPUSDTlong | +0.0100% | 8h | 0.1277 | long leg | $18.5M | $25.8M | 75x | |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1278 | +0.039% | $6.1M | $30.4M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1279 | +0.117% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1278 | +0.063% | $20.2M | $7.3M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1278 | +0.047% | $2.9M | $7.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1279 | +0.125% | $6.1M | $6.3M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1279 | +0.125% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1279 | +0.094% | $124K | $189K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1279 | +0.094% | $10K | $384K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1279 | +0.125% | $320K | $5.0M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1279 | +0.125% | $46K | $722K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1279 | +0.110% | $195 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1280 | +0.164% | $177K | $235K | 50x | as long as short |
| Extended OP-USDshort | +0.0104% | 1h | 0.1278 | +0.034% | $102K | $186K | 25x | |
| Aevo OP-PERP | +0.0104% | 1h | 0.1280 | +0.180% | $4K | — | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1279 | +0.157% | $1.0M | $281K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0357% | 1h | 0.1280 | +0.205% | $802K | $747K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0438% | 1h | 0.1280 | +0.165% | $711 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Aevo OP-PERP
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP