Funding you earn now, next payment 22:00 UTC+0.0037%/8h= +4.0% APRpaid last 24h +0.096%
Price spread now: Kraken Futures against Gate+0.081%7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$850.854% of the position
Funding, last 7 days+0.160%+$16 on $10k
+Price spread, last 3 days (all we have)+0.164%+$16 · spread now +0.081%, 7d avg +0.091%
=The price spread sits at its 7-day average of +0.091%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate OP_USDT | 0.1254 | 0.0100 | pay 0.0100% / 8h | 2h 34m | $1.8M | $1.5M | 50x |
| Short | Kraken Futures PF_OPUSD | 0.1255 | 0.0137 | get 0.0017% / 1h | 34m 41s | $776K | $733K | 20x |
Gate OP_USDT
Kraken Futures PF_OPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- $7.74
- Price spread: +0.081% → +0.091%
- −$0.94
- Slippage, 4 orders
- −$60.44
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$78.64
- Costs to cover
- 0.854%
- Break-even
- 78.2 days
Slippage from Gate: live order book, 3 min ago; Kraken Futures: live order book, 53 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 Gate live order book, 3 min ago | 2.79 bp | 32.2 bp −$32 | 58.8 bp −$588 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 53 min ago | 8.38 bp | 15.7 bp −$16 | 109.1 bp −$1,091 | 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 | −0.1658% | 1h | 0.1246 | −0.654% | $34K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1066% / S +0.0229% | 1h | 0.1254 | +0.014% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0328% | 1h | 0.1243 | −0.893% | $21K | $64K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1255 | +0.059% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1255 | +0.064% | $41K | $172K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1255 | +0.037% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0020% | 8h | 0.1252 | −0.175% | $229K | $45K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0031% | 8h | 0.1254 | −0.016% | $6K | $51K | 10x | as long as short |
| OKX OP-USDT-SWAP | +0.0096% | 8h | 0.1254 | +0.008% | $5.8M | $29.5M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1255 | +0.080% | $271K | $905K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
OKX OP-USDT-SWAP
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1255 | +0.080% | $3.9M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1255 | +0.044% | $211K | $241K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1255 | +0.032% | $20.3M | $62.6M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1254 | −0.048% | $18.5M | $25.3M | 75x | as long as short |
| Gate OP_USDTlong | +0.0100% | 8h | 0.1254 | long leg | $1.8M | $1.5M | 50x | |
| MEXC OP_USDT | +0.0100% | 8h | 0.1254 | +0.008% | $20.1M | $7.2M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1254 | −0.016% | $2.9M | $7.5M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1255 | +0.064% | $6.0M | $6.2M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1254 | −0.016% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1254 | −0.008% | $127K | $188K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1252 | −0.174% | $9K | $378K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1253 | −0.065% | $310K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1254 | −0.016% | $45K | $719K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1254 | +0.008% | $174 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1255 | +0.056% | $174K | $234K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1254 | +0.008% | $100K | $186K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1255 | +0.086% | $4K | — | 3x | as long as short |
| Kraken Futures PF_OPUSDshort | +0.0137% | 1h | 0.1255 | +0.081% | $776K | $733K | 20x | |
| BloFin OP-USDT | +0.0220% | 8h | 0.1255 | +0.064% | $998K | $280K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0436% | 1h | 0.1255 | +0.028% | $698 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
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
Reya OPRUSDPERP