OP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0005%/8h= +0.6% APRnext payment +$0.05 per $10,000 · paid last 24h +0.044%

Price spread now: Bybit against OKX−0.032%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$470.472% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$5 on $10k

Price spread, last 7 days+0.014%+$1 · spread now −0.032%, 7d avg −0.023%

Together, before fees+0.059%+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX OP-USDT-SWAP	0.1245	0.0095	pay 0.0095% / 8h	2h 53m	$5.7M	$29.3M	50x
Short	Bybit OPUSDT	0.1245	0.0100	get 0.0100% / 8h	2h 53m	$18.3M	$25.4M	75x

Funding history

latest

Range statsloading…

Bybit against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee OKXbpFee BybitbpOrdersPrice spread, now −0.032%Rate

Slippage from OKX: live order book, 5 min ago; Bybit: live order book, 5 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 5 min ago	0.40 bp	8.1 bp −$8	26.5 bp −$265	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.40 bp	13.9 bp −$14	27.7 bp −$277	77.0 bp −$7,703	doesn't fit

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	0.1241	−0.345%	$34K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1066% / S +0.0229%	1h	0.1245	+0.004%	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0328%	1h	0.1243	−0.185%	$21K	$64K	50x	as long as short
Variational Omni OP	−0.0002%	8h	0.1247	+0.148%	$227K	$44K	—	as long as short
dYdX OP-USD	0.0000%	1h	0.1246	+0.040%	$38K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1245	−0.024%	$41K	$165K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1245	+0.006%	—	—	150x	as long as short
Orderly PERP_OP_USDC	+0.0026%	8h	0.1244	−0.104%	$6K	$51K	10x	as long as short
OKX OP-USDT-SWAPlong	+0.0095%	8h	0.1245	long leg	$5.7M	$29.3M	50x
Lighter OP	+0.0096%	1h	0.1246	+0.032%	$266K	$899K	15x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate OP_USDT	+0.0099%	8h	0.1245	−0.016%	$1.8M	$1.4M	50x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1246	+0.096%	$3.9M	$2.9M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1245	−0.028%	$210K	$243K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1245	+0.008%	$20.1M	$62.7M	75x	as long as short
Bybit OPUSDTshort	+0.0100%	8h	0.1245	−0.032%	$18.3M	$25.4M	75x
MEXC OP_USDT	+0.0100%	8h	0.1246	+0.056%	$20.0M	$7.2M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1245	−0.024%	$2.9M	$7.5M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1246	+0.056%	$5.9M	$6.2M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	0.1246	+0.056%	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1244	−0.072%	$127K	$188K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1245	−0.036%	$9K	$379K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1246	+0.048%	$303K	$5.3M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1244	−0.104%	$45K	$720K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1245	−0.048%	$160	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1245	−0.040%	$173K	$234K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1245	−0.010%	$100K	$186K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1245	−0.022%	$4K	—	3x	as long as short
Kraken Futures PF_OPUSD	+0.0138%	1h	0.1245	−0.018%	$769K	$742K	20x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1251	+0.426%	$1.0M	$295K	75x	as long as short
Reya OPRUSDPERP	+0.0436%	1h	0.1244	−0.141%	$691	—	20x	as long as short