OP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0448%/8h= −49.1% APRnext payment −$0.56 per $10,000 · paid last 24h −0.111%

Price spread now: Coinbase International against Extended−0.202%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.269%−$27 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Coinbase International is 0.202% cheaper against Extended than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.269% in total (about -14.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.56 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended OP-USD	0.1279	0.0104	pay 0.0013% / 1h	30m 21s	$102K	$186K	25x
Short	Coinbase International OP-PERP-INTX	0.1276	−0.0344	pay 0.0043% / 1h	30m 21s	$21K	$65K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now −0.202%Rate

Funding earned: −$94.08
Price spread: −0.202% → 0.000%: −$20.22
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$129.3
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 46 min ago; Coinbase International: 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 Extended live order book, 46 min ago	11.72 bp	20.8 bp −$21	139.6 bp −$1,396	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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 PERP	−0.1633%	1h	0.1272	−0.515%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1279	+0.065%	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTXshort	−0.0344%	1h	0.1276	−0.202%	$21K	$65K	50x
dYdX OP-USD	0.0000%	1h	0.1279	+0.013%	$40K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1280	+0.111%	$42K	$171K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1280	+0.093%	—	—	150x	as long as short
Orderly PERP_OP_USDC	+0.0063%	8h	0.1279	+0.032%	$6K	$50K	10x	as long as short
Variational Omni OP	+0.0074%	8h	0.1279	−0.006%	$234K	$54K	—	as long as short
Lighter OP	+0.0096%	1h	0.1280	+0.079%	$285K	$928K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1281	+0.158%	$4.1M	$2.9M	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster OPUSDT	+0.0100%	8h	0.1279	+0.055%	$214K	$241K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1279	+0.048%	$20.7M	$61.8M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1278	−0.038%	$18.5M	$25.7M	75x	as long as short
OKX OP-USDT-SWAP	+0.0100%	8h	0.1279	+0.025%	$6.1M	$30.4M	50x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1279	+0.025%	$2.0M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1279	+0.032%	$20.2M	$7.3M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1278	−0.046%	$2.9M	$7.4M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1280	+0.111%	$6.1M	$6.3M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1279	+0.032%	—	$6.8M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1279	+0.001%	$124K	$189K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1279	+0.001%	$10K	$384K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1279	+0.032%	$320K	$5.0M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1279	+0.032%	$46K	$722K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1279	+0.017%	$195	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1280	+0.072%	$177K	$235K	50x	as long as short
Extended OP-USDlong	+0.0104%	1h	0.1279	long leg	$102K	$186K	25x
Aevo OP-PERP	+0.0104%	1h	0.1280	+0.087%	$4K	—	3x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1279	+0.064%	$1.0M	$281K	75x	as long as short
Kraken Futures PF_OPUSD	+0.0357%	1h	0.1280	+0.112%	$802K	$747K	20x	as long as short
Reya OPRUSDPERP	+0.0438%	1h	0.1279	+0.026%	$711	—	20x	as long as short