Funding you earn now, next payment 07:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h −0.005%
Price spread now: OKX against Extended+0.075%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$660.656% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.075%, 7d avg +0.035%
=Together, before fees−0.026%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.040% dearer against Extended than usual: you sell high and buy low (spread +0.075% now, against its 7-day average of +0.035%): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 10 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended OP-USD | 0.1250 | 0.0104 | pay 0.0013% / 1h | 59m 12s | $101K | $506K | 25x |
| Short | OKX OP-USDT-SWAP | 0.1251 | 0.0091 | get 0.0091% / 8h | 1h 59m | $6.1M | $29.0M | 50x |
Extended OP-USD
OKX OP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$2.64
- Price spread: +0.075% → +0.035%
- $3.96
- Slippage, 4 orders
- −$50.62
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$64.31
- Costs to cover
- 0.656%
- Break-even
- never at this rate
Slippage from Extended: live order book, 48 min ago; OKX: 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, 48 min ago | 11.80 bp | 21.0 bp −$21 | 140.6 bp −$1,406 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.40 bp | 13.5 bp −$14 | 34.0 bp −$340 | 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 | −0.1760% | 1h | 0.1244 | −0.485% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1251 | +0.081% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0549% | 1h | 0.1250 | −0.005% | $33K | $153K | 25x | as long as short |
| Hyperliquid OP | −0.0108% | 1h | 0.1250 | −0.029% | $3.5M | $3.3M | 5x | as long as short |
| Kraken Futures PF_OPUSD | −0.0034% | 1h | 0.1251 | +0.060% | $750K | $633K | 20x | as long as short |
| Orderly PERP_OP_USDC | −0.0019% | 8h | 0.1250 | −0.005% | $59K | $142K | 10x | as long as short |
| Variational Omni OP | −0.0003% | 8h | 0.1251 | +0.076% | $222K | $46K | — | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1250 | +0.003% | $39K | $522 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1251 | +0.044% | — | — | 150x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0032% | 1h | 0.1254 | +0.315% | $26K | $60K | 50x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Hyperliquid OP
Kraken Futures PF_OPUSD
Orderly PERP_OP_USDC
Variational Omni OP
dYdX OP-USD
gTrade (Gains Network) OP/USD
Coinbase International OP-PERP-INTXShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit OPUSDT | +0.0053% | 8h | 0.1250 | +0.027% | $18.4M | $25.7M | 75x | as long as short |
| OKX OP-USDT-SWAPshort | +0.0091% | 8h | 0.1251 | +0.075% | $6.1M | $29.0M | 50x | |
| KuCoin OPUSDTM | +0.0093% | 8h | 0.1249 | −0.085% | $2.8M | $6.3M | 75x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1251 | +0.075% | $275K | $1.1M | 15x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1252 | +0.115% | $204K | $213K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1250 | +0.025% | $19.5M | $64.9M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1251 | +0.059% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1251 | +0.059% | $23.1M | $7.6M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1251 | +0.075% | $5.8M | $6.7M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1251 | +0.075% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1251 | +0.043% | $105K | $213K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1251 | +0.065% | $379K | $769K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1251 | +0.109% | $309K | $5.4M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1252 | +0.155% | $43K | $704K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1250 | +0.027% | $215 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1250 | −0.037% | $173K | $245K | 50x | as long as short |
| Extended OP-USDlong | +0.0104% | 1h | 0.1250 | long leg | $101K | $506K | 25x | |
| Aevo OP-PERP | +0.0104% | 1h | 0.1250 | +0.005% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1250 | −0.021% | $985K | $303K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0443% | 1h | 0.1249 | −0.051% | $695 | — | 20x | as long as short |
Bybit OPUSDT
KuCoin OPUSDTM
Lighter OP
Aster OPUSDT
Binance OPUSDT
Gate OP_USDT
MEXC OP_USDT
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
BloFin OP-USDT
Reya OPRUSDPERP