OP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h +0.004%

Price spread now: Extended against gTrade (Gains Network)−0.147%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 Extended

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.147% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.147% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 4.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) OP/USD	0.1271	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	59m 00s	—	—	150x
Short	Extended OP-USD	0.1269	0.0104	get 0.0013% / 1h	59m 00s	$104K	$390K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.147%Rate

Funding earned: $20.9
Price spread: −0.147% → 0.000%: −$14.75
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$8.85
Costs to cover: 0.150%
Break-even: 10.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Extended: live order book, 58 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 Extended live order book, 58 min ago	11.89 bp	21.2 bp −$21	145.9 bp −$1,459	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	−0.1568%	1h	0.1268	−0.209%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1271	+0.030%	$13K	—	100x	as long as short
dYdX OP-USD	0.0000%	1h	0.1273	+0.159%	$39K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1270	−0.051%	$42K	$139K	25x	as long as short
gTrade (Gains Network) OP/USDlong	L +0.0004% / S −0.0004%	1h	0.1271	long leg	—	—	150x
Coinbase International OP-PERP-INTX	+0.0032%	1h	0.1262	−0.681%	$24K	$63K	50x	as long as short
Orderly PERP_OP_USDC	+0.0055%	8h	0.1270	−0.051%	$6K	$45K	10x	as long as short
Kraken Futures PF_OPUSD	+0.0057%	1h	0.1271	−0.009%	$786K	$549K	20x	as long as short
Variational Omni OP	+0.0057%	8h	0.1270	−0.073%	$225K	$48K	—	as long as short
OKX OP-USDT-SWAP	+0.0069%	8h	0.1269	−0.114%	$6.2M	$28.5M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter OP	+0.0096%	1h	0.1270	−0.020%	$279K	$941K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1270	−0.012%	$3.7M	$2.8M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1271	+0.067%	$212K	$219K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1269	−0.098%	$20.5M	$60.4M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1268	−0.185%	$18.7M	$24.9M	75x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1271	+0.028%	$2.0M	$1.4M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1270	−0.083%	$21.5M	$7.1M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1268	−0.209%	$2.9M	$6.5M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1269	−0.130%	$5.9M	$6.4M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1270	−0.067%	—	$6.3M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1269	−0.146%	$121K	$200K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1270	−0.046%	$4K	$390K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1267	−0.315%	$317K	$5.1M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1268	−0.209%	$43K	$711K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1270	−0.075%	$207	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1272	+0.067%	$175K	$226K	50x	as long as short
Extended OP-USDshort	+0.0104%	1h	0.1269	−0.147%	$104K	$390K	25x
Aevo OP-PERP	+0.0104%	1h	0.1270	−0.025%	$3K	$1K	3x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1273	+0.177%	$1.0M	$281K	75x	as long as short
Reya OPRUSDPERP	+0.0441%	1h	0.1271	−0.005%	$706	—	20x	as long as short