Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.027%
Price spread now: OKX against edgeX+0.759%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs+$27as in the Price arb table
costs, in and out, $10k−$480.480% of the position
Funding, last 7 days−0.083%−$8 on $10k
+Price spread, last 4 days (all we have)−0.960%−$96 · spread now +0.759%, 7d avg +0.009%
=Together, before fees−1.043%+ Points / potential airdropedgeX: Active · farm board−$104 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: OKX is 0.750% dearer against edgeX than usual: you sell high and buy low, +$75 on $10k if it goes back to its 7-day average of +0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX OPUSDC | 0.1242 | 0.0100 | pay 0.0050% / 4h | 2h 20m | $376K | $767K | 10x |
| Short | OKX OP-USDT-SWAP | 0.1252 | 0.0100 | get 0.0100% / 8h | 2h 20m | $6.1M | $28.9M | 50x |
edgeX OPUSDC
OKX OP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against edgeX. 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
- Price spread: +0.759% → +0.009%
- $74.96
- Slippage, 4 orders
- −$29.02
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $26.94
- Costs to cover
- 0.480%
- Break-even
- from the start
Slippage from edgeX: live order book, 28 min ago; OKX: live order book, 3 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 edgeX live order book, 28 min ago | 3.92 bp | 11.3 bp −$11 | 125.7 bp −$1,257 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.40 bp | 12.3 bp −$12 | 30.6 bp −$306 | 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 | −0.1583% | 1h | 0.1238 | −0.344% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1249 | +0.552% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0551% | 1h | 0.1248 | +0.461% | $40K | $139K | 25x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1250 | +0.604% | $39K | $532 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1249 | +0.546% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0011% | 8h | 0.1248 | +0.461% | $59K | $142K | 10x | as long as short |
| Variational Omni OP | +0.0015% | 8h | 0.1247 | +0.399% | $221K | $45K | — | as long as short |
| Kraken Futures PF_OPUSD | +0.0075% | 1h | 0.1249 | +0.582% | $752K | $629K | 20x | as long as short |
| Bybit OPUSDT | +0.0084% | 8h | 0.1250 | +0.590% | $18.4M | $25.6M | 75x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1249 | +0.509% | $278K | $1.0M | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
dYdX OP-USD
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
Variational Omni OP
Kraken Futures PF_OPUSD
Bybit OPUSDT
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1250 | +0.614% | $3.3M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1250 | +0.600% | $204K | $210K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1250 | +0.638% | $19.6M | $64.1M | 75x | as long as short |
| OKX OP-USDT-SWAPshort | +0.0100% | 8h | 0.1252 | +0.759% | $6.1M | $28.9M | 50x | |
| Gate OP_USDT | +0.0100% | 8h | 0.1249 | +0.541% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1252 | +0.751% | $22.8M | $7.7M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1249 | +0.541% | $2.8M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1251 | +0.702% | $5.8M | $6.6M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1249 | +0.525% | — | $6.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1248 | +0.429% | $105K | $214K | 10x | as long as short |
| edgeX OPUSDClong | +0.0100% | 4h | 0.1242 | long leg | $376K | $767K | 10x | |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1244 | +0.117% | $307K | $5.4M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1240 | −0.183% | $43K | $706K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1247 | +0.421% | $194 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1249 | +0.525% | $173K | $240K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1251 | +0.733% | $101K | $506K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1248 | +0.460% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0160% | 1h | 0.1243 | +0.058% | $26K | $59K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1247 | +0.421% | $993K | $275K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0443% | 1h | 0.1249 | +0.568% | $695 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Reya OPRUSDPERP