OP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0043%/8h= −4.7% APRnext payment −$0.43 per $10,000 · paid last 24h −0.032%

Price spread now: Orderly against KuCoin+0.079%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.127%−$13 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Orderly is 0.079% dearer against KuCoin than usual: you sell high and buy low (spread +0.079% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin OPUSDTM	0.1262	0.0100	pay 0.0100% / 8h	6h 24m	$2.9M	$6.9M	75x
Short	Orderly PERP_OP_USDC	0.1263	0.0057	get 0.0057% / 8h	6h 24m	$6K	$47K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against KuCoin. 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 KuCoinbpFee OrderlybpOrdersPrice spread, now +0.079%Rate

Funding earned: −$9.02
Price spread: +0.079% → 0.000%: $7.92
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$19.09
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 9 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 KuCoin live order book, 9 min ago	3.97 bp	29.0 bp −$29	78.7 bp −$787	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 29 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	−0.1535%	1h	0.1260	−0.158%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1263	+0.071%	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0184%	1h	0.1279	+1.347%	$25K	$75K	50x	as long as short
dYdX OP-USD	0.0000%	1h	0.1266	+0.307%	$39K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1263	+0.079%	$42K	$151K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1263	+0.079%	—	—	150x	as long as short
Variational Omni OP	+0.0053%	8h	0.1264	+0.193%	$225K	$49K	—	as long as short
Orderly PERP_OP_USDCshort	+0.0057%	8h	0.1263	+0.079%	$6K	$47K	10x
OKX OP-USDT-SWAP	+0.0087%	8h	0.1263	+0.095%	$6.1M	$29.8M	50x	as long as short
Lighter OP	+0.0096%	1h	0.1264	+0.190%	$281K	$949K	15x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid OP	+0.0100%	1h	0.1263	+0.079%	$3.7M	$3.0M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1264	+0.154%	$211K	$229K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1263	+0.079%	$20.3M	$62.1M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1263	+0.055%	$18.3M	$26.0M	75x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1263	+0.087%	$1.9M	$1.6M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1263	+0.095%	$20.7M	$7.5M	300x	as long as short
KuCoin OPUSDTMlong	+0.0100%	8h	0.1262	long leg	$2.9M	$6.9M	75x
Bitget OPUSDT	+0.0100%	8h	0.1264	+0.158%	$5.9M	$6.6M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1263	+0.071%	—	$6.9M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1266	+0.293%	$125K	$203K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1264	+0.176%	$4K	$387K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1265	+0.216%	$311K	$5.3M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1260	−0.158%	$43K	$712K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1262	+0.032%	$181	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1263	+0.111%	$174K	$226K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1262	−0.004%	$104K	$393K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1263	+0.098%	$3K	$1K	3x	as long as short
Reya OPRUSDPERP	+0.0439%	1h	0.1262	+0.001%	$702	—	20x	as long as short
Kraken Futures PF_OPUSD	+0.0461%	1h	0.1264	+0.193%	$798K	$593K	20x	as long as short