OP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.46 per $10,000 · paid last 24h +0.032%

Price spread now: Bitget against Orderly−0.158%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.128%+$13 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Bitget is 0.158% cheaper against Orderly than usual: you would sell low and buy high (spread −0.158% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 12 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_OP_USDC	0.1264	0.0054	pay 0.0054% / 8h	4h 04m	$6K	$45K	10x
Short	Bitget OPUSDT	0.1262	0.0100	get 0.0100% / 8h	4h 04m	$5.8M	$6.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Orderly. 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 OrderlybpFee BitgetbpOrdersPrice spread, now −0.158%Rate

Funding earned: $9.58
Price spread: −0.158% → 0.000%: −$15.82
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$24.24
Costs to cover: 0.180%
Break-even: 24.7 days

Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 4 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 Orderly no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	3.94 bp	17.3 bp −$17	30.5 bp −$305	96.8 bp −$9,680	doesn't fit

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	−0.1607%	1h	0.1259	−0.396%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1264	+0.025%	$13K	—	100x	as long as short
dYdX OP-USD	0.0000%	1h	0.1265	+0.061%	$39K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1265	+0.079%	$42K	$139K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1265	+0.051%	—	—	150x	as long as short
Orderly PERP_OP_USDClong	+0.0054%	8h	0.1264	long leg	$6K	$45K	10x
Variational Omni OP	+0.0056%	8h	0.1263	−0.077%	$223K	$48K	—	as long as short
OKX OP-USDT-SWAP	+0.0064%	8h	0.1263	−0.095%	$6.2M	$28.4M	50x	as long as short
Lighter OP	+0.0096%	1h	0.1264	+0.016%	$278K	$941K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1265	+0.040%	$3.7M	$2.8M	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	0.1265	+0.063%	$211K	$219K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1263	−0.092%	$20.4M	$60.3M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1263	−0.119%	$18.6M	$24.8M	75x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1264	0.000%	$2.0M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1263	−0.071%	$21.3M	$7.2M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1263	−0.079%	$2.9M	$6.5M	75x	as long as short
Bitget OPUSDTshort	+0.0100%	8h	0.1262	−0.158%	$5.8M	$6.4M	75x
BingX OP-USDC	+0.0100%	8h	0.1264	0.000%	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1263	−0.055%	$120K	$200K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1267	+0.214%	$4K	$388K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1268	+0.295%	$317K	$5.1M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1267	+0.237%	$43K	$710K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1264	−0.024%	$211	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1264	+0.032%	$174K	$226K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1262	−0.125%	$104K	$390K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1264	+0.013%	$3K	$1K	3x	as long as short
Coinbase International OP-PERP-INTX	+0.0168%	1h	0.1262	−0.158%	$24K	$63K	50x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1263	−0.071%	$1.0M	$279K	75x	as long as short
Kraken Futures PF_OPUSD	+0.0348%	1h	0.1265	+0.066%	$783K	$548K	20x	as long as short
Reya OPRUSDPERP	+0.0441%	1h	0.1264	−0.029%	$703	—	20x	as long as short