Funding you earn now, next payment 08:00 UTC−0.0155%/8h= −17.0% APRnext payment −$1.55 per $10,000 · paid last 24h −0.032%
Price spread now: Orderly against Gate−0.016%7-day average −0.016% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.016%, 7d avg −0.016%
=The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: −$5 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 | 0.1251 | 0.0100 | pay 0.0100% / 8h | 1h 03m | $2.0M | $1.5M | 50x |
| Short | Orderly PERP_OP_USDC | 0.1251 | −0.0055 | pay 0.0055% / 8h | 1h 03m | $12K | $236K | 10x |
Gate OP_USDT
Orderly PERP_OP_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$32.64
- Price spread: −0.016% → −0.016%
- $0.01
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$53.63
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 4 min ago; Orderly: 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 Gate live order book, 4 min ago | 2.79 bp | 20.0 bp −$20 | 54.3 bp −$543 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.1760% | 1h | 0.1247 | −0.336% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.0898% / S +0.0202% | 1h | 0.1250 | −0.066% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0549% | 1h | 0.1250 | −0.096% | $32K | $154K | 25x | as long as short |
| Orderly PERP_OP_USDCshort | −0.0055% | 8h | 0.1251 | −0.016% | $12K | $236K | 10x | |
| Kraken Futures PF_OPUSD | −0.0034% | 1h | 0.1251 | −0.007% | $751K | $666K | 20x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1252 | +0.032% | $39K | $522 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1251 | −0.022% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0016% | 8h | 0.1255 | +0.298% | $222K | $47K | — | as long as short |
| Coinbase International OP-PERP-INTX | +0.0032% | 1h | 0.1253 | +0.144% | $24K | $65K | 50x | as long as short |
| KuCoin OPUSDTM | +0.0070% | 8h | 0.1250 | −0.096% | $2.8M | $6.2M | 75x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Kraken Futures PF_OPUSD
dYdX OP-USD
gTrade (Gains Network) OP/USD
Variational Omni OP
Coinbase International OP-PERP-INTX
KuCoin OPUSDTMShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter OP | +0.0096% | 1h | 0.1251 | −0.008% | $274K | $1.1M | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1252 | +0.048% | $3.5M | $3.7M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1252 | +0.032% | $206K | $210K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1251 | −0.032% | $19.7M | $67.1M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1250 | −0.056% | $18.3M | $26.1M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1251 | −0.032% | $6.0M | $29.4M | 50x | as long as short |
| Gate OP_USDTlong | +0.0100% | 8h | 0.1251 | long leg | $2.0M | $1.5M | 50x | |
| MEXC OP_USDT | +0.0100% | 8h | 0.1251 | −0.032% | $22.4M | $8.0M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1250 | −0.096% | $5.7M | $6.9M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1251 | −0.016% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1250 | −0.088% | $115K | $220K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1254 | +0.199% | $4K | $1.1M | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1253 | +0.150% | $310K | $5.2M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1255 | +0.304% | $43K | $697K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1250 | −0.096% | $206 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1251 | −0.016% | $167K | $255K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1250 | −0.082% | $100K | $508K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1250 | −0.083% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1254 | +0.192% | $990K | $324K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0444% | 1h | 0.1249 | −0.141% | $695 | — | 20x | as long as short |
Lighter OP
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
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
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Reya OPRUSDPERP