Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.014%
Price spread now: Bybit against Extended+0.009%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$720.719% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 4 days (all we have)+0.084%+$8 · spread now +0.009%, 7d avg +0.018%
=Together, before fees+0.097%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended OP-USD | 0.1247 | 0.0104 | pay 0.0013% / 1h | 39m 29s | $100K | $505K | 25x |
| Short | Bybit OPUSDT | 0.1248 | 0.0100 | get 0.0100% / 8h | 2h 39m | $18.5M | $25.5M | 75x |
Extended OP-USD
Bybit OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: +0.009% → +0.018%
- −$0.88
- Slippage, 4 orders
- −$55.95
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$73.66
- Costs to cover
- 0.719%
- Break-even
- never at this rate
Slippage from Extended: live order book, 8 min ago; Bybit: 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, 8 min ago | 11.80 bp | 21.0 bp −$21 | 140.6 bp −$1,406 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.40 bp | 15.9 bp −$16 | 28.9 bp −$289 | 110.9 bp −$11.1K | 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 | 0.1248 | +0.042% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1248 | +0.058% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1249 | +0.138% | $39K | $532 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1249 | +0.122% | $40K | $139K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1248 | +0.060% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0026% | 8h | 0.1251 | +0.253% | $221K | $48K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0032% | 8h | 0.1247 | −0.039% | $59K | $107K | 10x | as long as short |
| Kraken Futures PF_OPUSD | +0.0075% | 1h | 0.1250 | +0.196% | $764K | $614K | 20x | as long as short |
| OKX OP-USDT-SWAP | +0.0095% | 8h | 0.1248 | +0.026% | $6.2M | $28.6M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1249 | +0.138% | $288K | $987K | 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 | 0.1249 | +0.146% | $3.5M | $2.8M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1248 | +0.037% | $208K | $218K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1248 | +0.034% | $19.8M | $63.5M | 75x | as long as short |
| Bybit OPUSDTshort | +0.0100% | 8h | 0.1248 | +0.009% | $18.5M | $25.5M | 75x | |
| Gate OP_USDT | +0.0100% | 8h | 0.1248 | +0.066% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1248 | +0.058% | $22.8M | $7.6M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1247 | −0.039% | $2.9M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1248 | +0.042% | $5.8M | $6.6M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1249 | +0.122% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1248 | +0.042% | $105K | $215K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1259 | +0.900% | $381K | $768K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1247 | −0.030% | $305K | $5.2M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1253 | +0.442% | $43K | $705K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1248 | +0.074% | $198 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1248 | +0.034% | $170K | $236K | 50x | as long as short |
| Extended OP-USDlong | +0.0104% | 1h | 0.1247 | long leg | $100K | $505K | 25x | |
| Aevo OP-PERP | +0.0104% | 1h | 0.1247 | +0.001% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0160% | 1h | 0.1245 | −0.199% | $26K | $60K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1252 | +0.330% | $1.0M | $276K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0442% | 1h | 0.1248 | +0.040% | $694 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
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