OP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0162%/8h= +17.8% APRnext payment +$1.62 per $10,000 · paid last 24h +0.035%

Price spread now: BloFin against Orderly−0.055%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 BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.268%+$27 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. BloFin is 0.055% cheaper against Orderly than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 27 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_OP_USDC	0.1280	0.0058	pay 0.0058% / 8h	7h 14m	$6K	$48K	10x
Short	BloFin OP-USDT	0.1279	0.0220	get 0.0220% / 8h	7h 14m	$1.0M	$279K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.055%Rate

Funding earned: $34.04
Price spread: −0.055% → 0.000%: −$5.47
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $10.57
Costs to cover: 0.180%
Break-even: 4.8 days

Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 2 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 BloFin live order book, 2 min ago	0.79 bp	14.9 bp −$15	31.4 bp −$314	doesn't fit	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	−0.1656%	1h	0.1256	−1.875%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1280	+0.007%	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0352%	1h	0.1280	0.000%	$25K	$77K	50x	as long as short
dYdX OP-USD	0.0000%	1h	0.1277	−0.251%	$39K	$519	10x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1280	−0.021%	—	—	150x	as long as short
Variational Omni OP	+0.0051%	8h	0.1271	−0.711%	$232K	$46K	—	as long as short
Orderly PERP_OP_USDClong	+0.0058%	8h	0.1280	long leg	$6K	$48K	10x
Lighter OP	+0.0096%	1h	0.1280	−0.016%	$285K	$951K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1280	−0.016%	$4.0M	$2.9M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1279	−0.044%	$214K	$236K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance OPUSDT	+0.0100%	8h	0.1280	−0.008%	$20.7M	$62.0M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1279	−0.070%	$18.6M	$26.0M	75x	as long as short
OKX OP-USDT-SWAP	+0.0100%	8h	0.1278	−0.117%	$6.2M	$30.4M	50x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1280	−0.023%	$2.0M	$1.6M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1280	0.000%	$20.3M	$7.4M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1279	−0.078%	$2.9M	$7.1M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1279	−0.078%	$6.0M	$6.4M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1279	−0.070%	—	$6.8M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1280	−0.023%	$123K	$188K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1264	−1.265%	$4K	$392K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1265	−1.172%	$313K	$5.1M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1265	−1.172%	$43K	$725K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1279	−0.078%	$178	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1279	−0.094%	$176K	$234K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1279	−0.053%	$107K	$389K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1281	+0.078%	$4K	$1K	3x	as long as short
BloFin OP-USDTshort	+0.0220%	8h	0.1279	−0.055%	$1.0M	$279K	75x
Kraken Futures PF_OPUSD	+0.0379%	1h	0.1281	+0.057%	$809K	$755K	20x	as long as short
Reya OPRUSDPERP	+0.0439%	1h	0.1279	−0.071%	$711	—	20x	as long as short
Deribit OP_USDC-PERPETUAL	+0.0531%	1h	0.1281	+0.078%	$42K	$167K	25x	as long as short