Funding you earn now, next payment 09:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h +0.042%
Price spread now: Extended against Deribit−0.061%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$660.661% of the position
Funding, last 7 days+0.230%+$23 on $10k
+Price spread, last 4 days (all we have)−0.217%−$22 · spread now −0.061%, 7d avg −0.065%
=Together, before fees+0.013%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.065%, 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 | Deribit OP_USDC-PERPETUAL | 0.1249 | 0 | get 0.0000% / 1h | 40m 02s | $31K | $165K | 25x |
| Short | Extended OP-USD | 0.1248 | 0.0104 | get 0.0013% / 1h | 40m 02s | $100K | $612K | 25x |
Deribit OP_USDC-PERPETUAL
Extended OP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Deribit. 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
- $21.84
- Price spread: −0.061% → −0.065%
- $0.41
- Slippage, 4 orders
- −$54.14
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$43.89
- Costs to cover
- 0.661%
- Break-even
- 21.1 days
Slippage from Deribit: live order book, 58 min ago; Extended: live order book, 58 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 Deribit live order book, 58 min ago | 8.02 bp | 11.5 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 58 min ago | 12.04 bp | 21.6 bp −$22 | 145.7 bp −$1,457 | 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 | −0.1328% | 1h | 0.1235 | −1.121% | $34K | $63K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1164% / S +0.0246% | 1h | 0.1252 | +0.245% | $13K | — | 100x | as long as short |
| Orderly PERP_OP_USDC | −0.0050% | 8h | 0.1249 | 0.000% | $12K | $235K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1250 | +0.055% | $39K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUALlong | 0.0000% | 1h | 0.1249 | long leg | $31K | $165K | 25x | |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1249 | +0.024% | — | — | 150x | as long as short |
| KuCoin OPUSDTM | +0.0011% | 8h | 0.1248 | −0.080% | $2.8M | $6.0M | 75x | as long as short |
| Bybit OPUSDT | +0.0025% | 8h | 0.1248 | −0.048% | $18.2M | $26.3M | 75x | as long as short |
| Variational Omni OP | +0.0058% | 8h | 0.1247 | −0.141% | $221K | $47K | — | as long as short |
| Gate OP_USDT | +0.0058% | 8h | 0.1249 | +0.032% | $2.0M | $1.5M | 50x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Orderly PERP_OP_USDC
dYdX OP-USD
gTrade (Gains Network) OP/USD
KuCoin OPUSDTM
Bybit OPUSDT
Variational Omni OP
Gate OP_USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter OP | +0.0096% | 1h | 0.1250 | +0.120% | $288K | $1.1M | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1250 | +0.040% | $3.5M | $3.6M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1250 | +0.045% | $205K | $210K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1248 | −0.064% | $19.6M | $67.7M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1249 | +0.016% | $6.0M | $29.4M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1249 | +0.008% | $22.3M | $7.7M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1248 | −0.080% | $5.6M | $6.8M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1249 | 0.000% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1249 | −0.024% | $117K | $222K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1252 | +0.226% | $4K | $1.1M | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1252 | +0.266% | $311K | $5.3M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1253 | +0.320% | $43K | $694K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1249 | +0.008% | $188 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1250 | +0.040% | $166K | $259K | 50x | as long as short |
| Extended OP-USDshort | +0.0104% | 1h | 0.1248 | −0.061% | $100K | $612K | 25x | |
| Aevo OP-PERP | +0.0104% | 1h | 0.1249 | −0.029% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0112% | 1h | 0.1255 | +0.480% | $24K | $68K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.0155% | 1h | 0.1251 | +0.132% | $745K | $676K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1247 | −0.152% | $990K | $324K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0445% | 1h | 0.1248 | −0.099% | $694 | — | 20x | as long as short |
Lighter OP
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
OKX OP-USDT-SWAP
MEXC OP_USDT
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
Coinbase International OP-PERP-INTX
Kraken Futures PF_OPUSD
BloFin OP-USDT
Reya OPRUSDPERP