Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.025%
Price spread now: Extended against KuCoin+0.025%7-day average −0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$920.922% of the position
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 4 days (all we have)+0.091%+$9 · spread now +0.025%, 7d avg −0.051%
=Together, before fees+0.026%+ Points / potential airdropExtended: Active · farm board+$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.076% dearer against KuCoin than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.051%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin OPUSDTM | 0.1270 | 0.0100 | pay 0.0100% / 8h | 4h 26m | $2.9M | $6.5M | 75x |
| Short | Extended OP-USD | 0.1270 | 0.0104 | get 0.0013% / 1h | 26m 14s | $104K | $394K | 25x |
KuCoin OPUSDTM
Extended OP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against KuCoin. 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
- $0.84
- Price spread: +0.025% → −0.051%
- $7.55
- Slippage, 4 orders
- −$75.2
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$83.81
- Costs to cover
- 0.922%
- Break-even
- 705.4 days
Slippage from KuCoin: live order book, 2 min ago; Extended: live order book, 31 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 KuCoin live order book, 2 min ago | 3.94 bp | 21.2 bp −$21 | 77.2 bp −$772 | doesn't fit | doesn't fit |
| Sell Extended live order book, 31 min ago | 11.89 bp | 21.2 bp −$21 | 145.9 bp −$1,459 | 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 | −0.1607% | 1h | 0.1263 | −0.551% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1270 | +0.029% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1272 | +0.132% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1271 | +0.079% | $42K | $140K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1271 | +0.054% | — | — | 150x | as long as short |
| OKX OP-USDT-SWAP | +0.0044% | 8h | 0.1272 | +0.181% | $6.2M | $28.7M | 50x | as long as short |
| Variational Omni OP | +0.0053% | 8h | 0.1271 | +0.042% | $225K | $48K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1272 | +0.157% | $6K | $45K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1272 | +0.150% | $279K | $941K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1272 | +0.173% | $3.7M | $2.8M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
OKX OP-USDT-SWAP
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 | 0.1271 | +0.063% | $212K | $219K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1272 | +0.142% | $20.6M | $60.2M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1271 | +0.063% | $18.7M | $24.9M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1271 | +0.063% | $2.0M | $1.4M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1271 | +0.094% | $21.5M | $7.2M | 300x | as long as short |
| KuCoin OPUSDTMlong | +0.0100% | 8h | 0.1270 | long leg | $2.9M | $6.5M | 75x | |
| Bitget OPUSDT | +0.0100% | 8h | 0.1272 | +0.157% | $5.9M | $6.4M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1270 | +0.031% | — | $6.3M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1270 | −0.031% | $125K | $199K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1270 | +0.028% | $4K | $389K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1271 | +0.083% | $318K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1275 | +0.394% | $44K | $711K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1271 | +0.079% | $202 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1271 | +0.063% | $175K | $226K | 50x | as long as short |
| Extended OP-USDshort | +0.0104% | 1h | 0.1270 | +0.025% | $104K | $394K | 25x | |
| Aevo OP-PERP | +0.0104% | 1h | 0.1271 | +0.071% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0168% | 1h | 0.1262 | −0.630% | $24K | $63K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1270 | +0.024% | $998K | $280K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0346% | 1h | 0.1271 | +0.112% | $791K | $546K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0441% | 1h | 0.1270 | +0.034% | $706 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Aevo OP-PERP
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP