Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.5% APRnext payment −$0.01 per $10,000 · paid last 24h −0.041%
Price spread now: Deribit against gTrade (Gains Network)−0.056%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.056% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high, −$6 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) OP/USD | 0.1275 | L +0.0004% / S −0.0004% | pay 0.0001% / 1h | 11m 52s | — | — | 150x |
| Short | Deribit OP_USDC-PERPETUAL | 0.1274 | 0 | get 0.0000% / 1h | 11m 52s | $42K | $167K | 25x |
gTrade (Gains Network) OP/USD
Deribit OP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.94
- Price spread: −0.056% → 0.000%
- −$5.65
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$23.59
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: gTrade (Gains Network): no order-book sample; Deribit: live order book, 62 min ago. 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 Deribit live order book, 62 min ago | 3.93 bp | 15.3 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
gTrade (Gains Network): 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 | −0.1656% | 1h | 0.1272 | −0.213% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1274 | −0.043% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0352% | 1h | 0.1279 | +0.336% | $25K | $77K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1276 | +0.084% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUALshort | 0.0000% | 1h | 0.1274 | −0.056% | $42K | $167K | 25x | |
| gTrade (Gains Network) OP/USDlong | L +0.0004% / S −0.0004% | 1h | 0.1275 | long leg | — | — | 150x | |
| Variational Omni OP | +0.0051% | 8h | 0.1271 | −0.299% | $232K | $46K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0058% | 8h | 0.1274 | −0.056% | $6K | $48K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1275 | +0.014% | $284K | $953K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1275 | +0.014% | $4.0M | $2.9M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OP
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1275 | +0.030% | $213K | $236K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1273 | −0.114% | $20.6M | $62.1M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1272 | −0.190% | $18.5M | $26.0M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1273 | −0.143% | $6.2M | $30.3M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1275 | −0.009% | $2.0M | $1.6M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1273 | −0.096% | $20.2M | $7.4M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1273 | −0.135% | $2.9M | $7.1M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1274 | −0.056% | $6.0M | $6.4M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1273 | −0.096% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1273 | −0.143% | $122K | $188K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1277 | +0.178% | $4K | $392K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1279 | +0.339% | $316K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1279 | +0.336% | $44K | $725K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1274 | −0.056% | $169 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1276 | +0.077% | $176K | $235K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1272 | −0.177% | $107K | $389K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1274 | −0.024% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1277 | +0.147% | $1.0M | $276K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0380% | 1h | 0.1276 | +0.063% | $806K | $755K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0439% | 1h | 0.1273 | −0.110% | $708 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP