Funding you earn now, next payment 11:00 UTC−0.0552%/8h= −60.4% APRnext payment −$0.69 per $10,000 · paid last 24h −0.027%
Price spread now: Deribit against dYdX−0.160%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Deribit is 0.160% cheaper against dYdX than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX OP-USD | 0.1248 | 0 | get 0.0000% / 1h | 58m 40s | $39K | $522 | 10x |
| Short | Deribit OP_USDC-PERPETUAL | 0.1246 | −0.0552 | pay 0.0069% / 1h | 58m 40s | $31K | $112K | 25x |
dYdX OP-USD
Deribit OP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against dYdX. 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
- −$115.92
- Price spread: −0.160% → 0.000%
- −$16.03
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$148.95
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: dYdX: no order-book sample; Deribit: live order book, 52 min ago. Net counts fees only.
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 dYdX no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 52 min ago | 8.03 bp | 11.5 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
OP on 30 exchanges
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 | −0.076% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUALshort | −0.0552% | 1h | 0.1246 | −0.160% | $31K | $112K | 25x | |
| Hyperliquid OP | −0.0474% | 1h | 0.1247 | −0.112% | $3.8M | $4.0M | 5x | as long as short |
| Orderly PERP_OP_USDC | −0.0059% | 8h | 0.1246 | −0.160% | $12K | $232K | 10x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0048% | 1h | 0.1244 | −0.321% | $25K | $67K | 50x | as long as short |
| SoDEX OP-USD | −0.0024% | 1h | 0.1246 | −0.152% | $194 | $5K | 5x | as long as short |
| Binance OPUSDT | −0.0019% | 8h | 0.1246 | −0.128% | $19.2M | $66.0M | 75x | as long as short |
| MEXC OP_USDT | −0.0018% | 8h | 0.1246 | −0.120% | $22.1M | $7.3M | 300x | as long as short |
| Extended OP-USD | −0.0016% | 1h | 0.1246 | −0.153% | $100K | $581K | 25x | as long as short |
| dYdX OP-USDlong | 0.0000% | 1h | 0.1248 | long leg | $39K | $522 | 10x |
GMX OP/USD [OP-USDC]
Hyperliquid OP
Orderly PERP_OP_USDC
Coinbase International OP-PERP-INTX
SoDEX OP-USD
Binance OPUSDT
MEXC OP_USDT
Extended OP-USDShow 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 | −0.176% | — | — | 150x | as long as short |
| Gate OP_USDT | +0.0015% | 8h | 0.1247 | −0.064% | $2.0M | $1.3M | 50x | as long as short |
| Injective OP/USDC PERP | +0.0033% | 1h | 0.1257 | +0.721% | $35K | $67K | 12x | as long as short |
| GRVT OP_USDT_Perp | +0.0039% | 8h | 0.1247 | −0.115% | $304K | $5.5M | 10x | as long as short |
| Variational Omni OP | +0.0065% | 8h | 0.1244 | −0.308% | $220K | $46K | — | as long as short |
| Aevo OP-PERP | +0.0080% | 1h | 0.1247 | −0.091% | $3K | $1K | 3x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1247 | −0.064% | $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 | −0.120% | $18.1M | $24.6M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1246 | −0.128% | $6.0M | $27.8M | 50x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1246 | −0.160% | $2.9M | $5.6M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1247 | −0.080% | $5.8M | $6.7M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1247 | −0.096% | — | $6.5M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1246 | −0.168% | $109K | $219K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1244 | −0.324% | $4K | $1.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1244 | −0.321% | $43K | $688K | 50x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1247 | −0.048% | $169K | $252K | 50x | as long as short |
| BloFin OP-USDT | +0.0101% | 8h | 0.1247 | −0.072% | $983K | $282K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0155% | 1h | 0.1248 | +0.024% | $742K | $746K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0446% | 1h | 0.1246 | −0.179% | $693 | — | 20x | as long as short |
gTrade (Gains Network) OP/USD
Gate OP_USDT
Injective OP/USDC PERP
GRVT OP_USDT_Perp
Variational Omni OP
Aevo OP-PERP
Lighter OP
Aster OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
ApeX Omni OPUSDT
HTX OP-USDT
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP