OP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0156%/8h= +17.0% APRnext payment +$0.19 per $10,000 · paid last 24h −0.084%

Price spread now: Coinbase International against gTrade (Gains Network)−0.927%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Coinbase International is 0.927% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.927% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$93 on $10k: about 20 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) OP/USD	0.1255	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	18m 56s	—	—	150x
Short	Coinbase International OP-PERP-INTX	0.1243	0.0160	get 0.0020% / 1h	18m 56s	$26K	$59K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee Coinbase InternationalbpOrdersPrice spread, now −0.927%Rate

Funding earned: $32.66
Price spread: −0.927% → 0.000%: −$92.7
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$80.04
Costs to cover: 0.200%
Break-even: 24.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Coinbase International no order-book sample	—	—	—	—	—

gTrade (Gains Network) and 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	−0.1583%	1h	0.1247	−0.608%	$34K	$59K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1254	−0.023%	$13K	—	100x	as long as short
Deribit OP_USDC-PERPETUAL	−0.0547%	1h	0.1253	−0.130%	$40K	$139K	25x	as long as short
dYdX OP-USD	0.0000%	1h	0.1255	+0.006%	$39K	$532	10x	as long as short
gTrade (Gains Network) OP/USDlong	L +0.0004% / S −0.0004%	1h	0.1255	long leg	—	—	150x
Orderly PERP_OP_USDC	+0.0008%	8h	0.1253	−0.130%	$59K	$142K	10x	as long as short
Variational Omni OP	+0.0015%	8h	0.1247	−0.590%	$221K	$45K	—	as long as short
Kraken Futures PF_OPUSD	+0.0074%	1h	0.1256	+0.080%	$755K	$629K	20x	as long as short
Bybit OPUSDT	+0.0085%	8h	0.1254	−0.026%	$18.4M	$25.6M	75x	as long as short
Lighter OP	+0.0096%	1h	0.1255	+0.014%	$278K	$1.0M	15x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid OP	+0.0100%	1h	0.1255	+0.029%	$3.4M	$3.0M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1256	+0.071%	$205K	$210K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1255	+0.021%	$19.7M	$64.2M	75x	as long as short
OKX OP-USDT-SWAP	+0.0100%	8h	0.1254	−0.034%	$6.2M	$29.0M	50x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1255	+0.029%	$2.0M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1254	−0.042%	$22.9M	$7.7M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1254	−0.050%	$2.9M	$6.4M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1254	−0.050%	$5.8M	$6.6M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1255	−0.010%	—	$6.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1254	−0.026%	$105K	$215K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1249	−0.466%	$378K	$768K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1244	−0.869%	$307K	$5.4M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1240	−1.166%	$43K	$706K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1254	−0.034%	$203	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1254	−0.050%	$174K	$244K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1253	−0.090%	$101K	$506K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1254	−0.087%	$3K	$1K	3x	as long as short
Coinbase International OP-PERP-INTXshort	+0.0160%	1h	0.1243	−0.927%	$26K	$59K	50x
BloFin OP-USDT	+0.0220%	8h	0.1253	−0.114%	$989K	$276K	75x	as long as short
Reya OPRUSDPERP	+0.0443%	1h	0.1253	−0.099%	$697	—	20x	as long as short