Funding you earn now, next payment 06:00 UTC−0.1583%/8h= −173.3% APRnext payment −$1.98 per $10,000 · paid last 24h −0.247%
Price spread now: Injective against dYdX−0.248%98s7-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 −$47 a day on $10k at the current rate, and Injective is 0.248% cheaper against dYdX than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 98 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX OP-USD | 0.1250 | 0 | get 0.0000% / 1h | 59m 33s | $39K | $522 | 10x |
| Short | Injective OP/USDC PERP | 0.1247 | −0.1583 | pay 0.0198% / 1h | 59m 33s | $34K | $59K | 12x |
dYdX OP-USD
Injective OP/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$332.39
- Price spread: −0.248% → 0.000%
- −$24.8
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$367.21
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: dYdX: no order-book sample; Injective: no order-book sample. 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 Injective no order-book sample | — | — | — | — | — |
dYdX and Injective: 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 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 PERPshort | −0.1583% | 1h | 0.1247 | −0.248% | $34K | $59K | 12x | |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1251 | +0.081% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0549% | 1h | 0.1250 | −0.008% | $33K | $153K | 25x | as long as short |
| Hyperliquid OP | −0.0380% | 1h | 0.1249 | −0.112% | $3.5M | $3.3M | 5x | as long as short |
| Orderly PERP_OP_USDC | −0.0017% | 8h | 0.1250 | −0.008% | $59K | $142K | 10x | as long as short |
| Variational Omni OP | −0.0003% | 8h | 0.1251 | +0.073% | $222K | $46K | — | as long as short |
| dYdX OP-USDlong | 0.0000% | 1h | 0.1250 | long leg | $39K | $522 | 10x | |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1251 | +0.105% | — | — | 150x | as long as short |
| Bybit OPUSDT | +0.0053% | 8h | 0.1250 | −0.040% | $18.4M | $25.7M | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0075% | 1h | 0.1251 | +0.071% | $750K | $633K | 20x | as long as short |
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Hyperliquid OP
Orderly PERP_OP_USDC
Variational Omni OP
gTrade (Gains Network) OP/USD
Bybit OPUSDT
Kraken Futures PF_OPUSDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX OP-USDT-SWAP | +0.0090% | 8h | 0.1250 | −0.016% | $6.1M | $29.0M | 50x | as long as short |
| KuCoin OPUSDTM | +0.0093% | 8h | 0.1249 | −0.088% | $2.8M | $6.3M | 75x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1250 | −0.048% | $275K | $1.1M | 15x | as long as short |
| SoDEX OP-USD | +0.0096% | 1h | 0.1250 | −0.040% | $207 | $6K | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1251 | +0.078% | $204K | $213K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1250 | −0.040% | $19.5M | $64.9M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1250 | −0.008% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1250 | −0.048% | $23.1M | $7.6M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1249 | −0.088% | $5.8M | $6.7M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1249 | −0.088% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1249 | −0.128% | $104K | $214K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1251 | +0.062% | $379K | $769K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1251 | +0.106% | $309K | $5.4M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1252 | +0.152% | $43K | $704K | 50x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1251 | +0.072% | $173K | $245K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1249 | −0.059% | $101K | $506K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1250 | +0.010% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0160% | 1h | 0.1254 | +0.312% | $26K | $60K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1252 | +0.152% | $985K | $306K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0443% | 1h | 0.1250 | −0.024% | $695 | — | 20x | as long as short |
OKX OP-USDT-SWAP
KuCoin OPUSDTM
Lighter OP
SoDEX OP-USD
Aster OPUSDT
Binance OPUSDT
Gate OP_USDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Reya OPRUSDPERP