OP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1169%/8h= +128.0% APRnext payment +$1.46 per $10,000 · paid last 24h +0.318%

Price spread now: Extended against GMX−0.259%7-day average — · you buy dearer than you sell

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

Long on GMX 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 0.259% cheaper against GMX than usual: you would sell low and buy high (spread −0.259% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 18 hours of funding at the current rate (+$35 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX OP/USD [OP-USDC]	0.1273	L −0.1065% / S +0.0229%	get 0.0133% / 1h	16m 25s	$13K	—	100x
Short	Extended OP-USD	0.1270	0.0104	get 0.0013% / 1h	16m 25s	$106K	$389K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against GMX. 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 GMXbpFee ExtendedbpOrdersPrice spread, now −0.259%Rate

Funding earned: $245.52
Price spread: −0.259% → 0.000%: −$25.95
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $202.57
Costs to cover: 0.170%
Break-even: 1.2 days

Slippage unknown: GMX: no order-book sample; Extended: live order book, 55 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 GMX no order-book sample	—	—	—	—	—
Sell Extended live order book, 55 min ago	19.68 bp	28.9 bp −$29	145.6 bp −$1,456	doesn't fit	doesn't fit

GMX: 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	0.1256	−1.339%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]long	L −0.1065% / S +0.0229%	1h	0.1273	long leg	$13K	—	100x
Coinbase International OP-PERP-INTX	−0.0352%	1h	0.1265	−0.632%	$21K	$65K	50x	as long as short
dYdX OP-USD	0.0000%	1h	0.1269	−0.332%	$39K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1265	−0.632%	$42K	$167K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1273	−0.024%	—	—	150x	as long as short
Variational Omni OP	+0.0045%	8h	0.1261	−0.935%	$230K	$47K	—	as long as short
Orderly PERP_OP_USDC	+0.0058%	8h	0.1273	−0.003%	$6K	$48K	10x	as long as short
Lighter OP	+0.0096%	1h	0.1270	−0.239%	$284K	$950K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1274	+0.083%	$4.0M	$2.9M	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster OPUSDT	+0.0100%	8h	0.1271	−0.186%	$212K	$236K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1273	+0.020%	$20.5M	$61.9M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1273	−0.042%	$18.4M	$26.0M	75x	as long as short
OKX OP-USDT-SWAP	+0.0100%	8h	0.1273	−0.042%	$6.2M	$30.2M	50x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1273	+0.013%	$2.0M	$1.6M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1273	−0.003%	$20.2M	$7.4M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1272	−0.082%	$2.9M	$7.1M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1273	−0.003%	$6.0M	$6.4M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	0.1273	−0.003%	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1265	−0.632%	$122K	$188K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1262	−0.903%	$4K	$391K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1261	−0.919%	$305K	$5.0M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1262	−0.867%	$43K	$725K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1265	−0.671%	$173	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1265	−0.608%	$175K	$234K	50x	as long as short
Extended OP-USDshort	+0.0104%	1h	0.1270	−0.259%	$106K	$389K	25x
Aevo OP-PERP	+0.0104%	1h	0.1274	+0.054%	$3K	$1K	3x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1265	−0.600%	$1.0M	$276K	75x	as long as short
Kraken Futures PF_OPUSD	+0.0384%	1h	0.1265	−0.611%	$799K	$756K	20x	as long as short
Reya OPRUSDPERP	+0.0439%	1h	0.1272	−0.074%	$707	—	20x	as long as short