Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.022%
Price spread now: Bitget against Extended−0.019%7-day average +0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$750.746% of the position
Funding, last 7 days+0.063%+$6 on $10k
+Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.019%, 7d avg +0.072%
=Together, before fees+0.083%+ Points / potential airdropExtended: Active · farm board+$8 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: Bitget is 0.091% cheaper against Extended than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.072%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended OP-USD | 0.1260 | 0.0104 | pay 0.0013% / 1h | 44m 11s | $101K | $505K | 25x |
| Short | Bitget OPUSDT | 0.1260 | 0.0100 | get 0.0100% / 8h | 2h 44m | $5.8M | $6.6M | 75x |
Extended OP-USD
Bitget OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Extended. 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
- −$0.84
- Price spread: −0.019% → +0.072%
- −$9.1
- Slippage, 4 orders
- −$57.61
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$84.55
- Costs to cover
- 0.746%
- Break-even
- never at this rate
Slippage from Extended: live order book, 4 min ago; Bitget: live order book, 4 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 Extended live order book, 4 min ago | 11.80 bp | 21.0 bp −$21 | 140.6 bp −$1,406 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 3.93 bp | 14.1 bp −$14 | 27.2 bp −$272 | 102.9 bp −$10.3K | 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 | 0.1250 | −0.812% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1261 | +0.048% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1259 | −0.116% | $39K | $532 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1261 | +0.060% | $40K | $139K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1261 | +0.035% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0026% | 8h | 0.1260 | −0.040% | $223K | $48K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0042% | 8h | 0.1259 | −0.098% | $59K | $107K | 10x | as long as short |
| Kraken Futures PF_OPUSD | +0.0074% | 1h | 0.1263 | +0.186% | $771K | $586K | 20x | as long as short |
| OKX OP-USDT-SWAP | +0.0095% | 8h | 0.1260 | −0.019% | $6.2M | $28.6M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1262 | +0.116% | $284K | $980K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
Kraken Futures PF_OPUSD
OKX OP-USDT-SWAP
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1261 | +0.053% | $3.7M | $2.7M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1261 | +0.068% | $211K | $216K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1261 | +0.027% | $20.4M | $62.9M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1260 | −0.051% | $18.7M | $25.4M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1261 | +0.060% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1260 | +0.021% | $21.5M | $7.2M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1260 | −0.019% | $2.8M | $6.4M | 75x | as long as short |
| Bitget OPUSDTshort | +0.0100% | 8h | 0.1260 | −0.019% | $5.8M | $6.6M | 75x | |
| BingX OP-USDC | +0.0100% | 8h | 0.1261 | +0.060% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1260 | +0.005% | $106K | $213K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1271 | +0.823% | $385K | $769K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1269 | +0.695% | $311K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1271 | +0.854% | $44K | $705K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1260 | −0.003% | $203 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1260 | +0.005% | $171K | $233K | 50x | as long as short |
| Extended OP-USDlong | +0.0104% | 1h | 0.1260 | long leg | $101K | $505K | 25x | |
| Aevo OP-PERP | +0.0104% | 1h | 0.1259 | −0.067% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0160% | 1h | 0.1257 | −0.257% | $25K | $57K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1254 | −0.503% | $990K | $277K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0442% | 1h | 0.1259 | −0.068% | $700 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
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
BloFin OP-USDT
Reya OPRUSDPERP