Funding you earn now, next payment 12:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h +0.079%
Price spread now: Kraken Futures against dYdX+0.070%7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. Kraken Futures is 0.070% dearer against dYdX than usual: you sell high and buy low (spread +0.070% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX OP-USD | 0.1228 | 0 | get 0.0000% / 1h | 52m 13s | $38K | $522 | 10x |
| Short | Kraken Futures PF_OPUSD | 0.1229 | −0.0054 | pay 0.0007% / 1h | 52m 13s | $729K | $735K | 20x |
dYdX OP-USD
Kraken Futures PF_OPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$11.31
- Price spread: +0.070% → 0.000%
- $6.98
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$24.33
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: dYdX: no order-book sample; Kraken Futures: live order book, 54 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 Kraken Futures live order book, 54 min ago | 3.24 bp | 11.9 bp −$12 | 84.2 bp −$842 | 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 −0.1164% / S +0.0246% | 1h | 0.1228 | +0.045% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0564% | 1h | 0.1227 | −0.055% | $30K | $112K | 25x | as long as short |
| Hyperliquid OP | −0.0528% | 1h | 0.1227 | −0.072% | $3.9M | $3.9M | 5x | as long as short |
| Binance OPUSDT | −0.0136% | 8h | 0.1228 | −0.007% | $19.0M | $65.6M | 75x | as long as short |
| Extended OP-USD | −0.0136% | 1h | 0.1226 | −0.098% | $102K | $638K | 25x | as long as short |
| MEXC OP_USDT | −0.0134% | 8h | 0.1227 | −0.023% | $21.5M | $7.1M | 300x | as long as short |
| Gate OP_USDT | −0.0084% | 8h | 0.1228 | +0.034% | $1.9M | $1.3M | 50x | as long as short |
| Orderly PERP_OP_USDC | −0.0081% | 8h | 0.1227 | −0.055% | $12K | $231K | 10x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0056% | 1h | 0.1233 | +0.433% | $24K | $68K | 50x | as long as short |
| Kraken Futures PF_OPUSDshort | −0.0054% | 1h | 0.1229 | +0.070% | $729K | $735K | 20x |
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Hyperliquid OP
Binance OPUSDT
Extended OP-USD
MEXC OP_USDT
Gate OP_USDT
Orderly PERP_OP_USDC
Coinbase International OP-PERP-INTXShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT OP_USDT_Perp | −0.0032% | 8h | 0.1228 | +0.026% | $303K | $5.8M | 10x | as long as short |
| BloFin OP-USDT | −0.0015% | 8h | 0.1228 | +0.010% | $979K | $257K | 75x | as long as short |
| dYdX OP-USDlong | 0.0000% | 1h | 0.1228 | long leg | $38K | $522 | 10x | |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1228 | +0.049% | — | — | 150x | as long as short |
| Injective OP/USDC PERP | +0.0033% | 1h | 0.1231 | +0.270% | $34K | $67K | 12x | as long as short |
| Variational Omni OP | +0.0048% | 8h | 0.1228 | +0.036% | $218K | $45K | — | as long as short |
| Aevo OP-PERP | +0.0048% | 1h | 0.1227 | −0.066% | $3K | $1K | 3x | as long as short |
| KuCoin OPUSDTM | +0.0062% | 8h | 0.1227 | −0.055% | $2.9M | $5.4M | 75x | as long as short |
| SoDEX OP-USD | +0.0065% | 1h | 0.1227 | −0.064% | $187 | $5K | 5x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1228 | +0.018% | $252K | $1.1M | 15x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1228 | +0.025% | $203K | $211K | 10x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1227 | −0.039% | $17.7M | $24.3M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1227 | −0.015% | $5.9M | $26.7M | 50x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1227 | −0.055% | $5.8M | $6.7M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1227 | −0.039% | — | $6.4M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1228 | +0.026% | $111K | $215K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1228 | −0.014% | $4K | $1.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1228 | +0.026% | $42K | $686K | 50x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1227 | −0.015% | $167K | $263K | 50x | as long as short |
| Reya OPRUSDPERP | +0.0447% | 1h | 0.1227 | −0.040% | $682 | — | 20x | as long as short |
GRVT OP_USDT_Perp
BloFin OP-USDT
gTrade (Gains Network) OP/USD
Injective OP/USDC PERP
Variational Omni OP
Aevo OP-PERP
KuCoin OPUSDTM
SoDEX OP-USD
Lighter OP
Aster OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
ApeX Omni OPUSDT
HTX OP-USDT
Reya OPRUSDPERP