Funding you earn now, next payment 22:00 UTC+0.0078%/8h= +8.5% APRpaid last 24h +0.004%
Price spread now: Extended against Orderly+0.072%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.081%+$8 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.072% dearer against Orderly than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_OP_USDC | 0.1248 | 0.0026 | pay 0.0026% / 8h | 2h 48m | $6K | $51K | 10x |
| Short | Extended OP-USD | 0.1249 | 0.0104 | get 0.0013% / 1h | 48m 33s | $100K | $186K | 25x |
Orderly PERP_OP_USDC
Extended OP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Orderly. 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
- $16.3
- Price spread: +0.072% → 0.000%
- $7.16
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $12.46
- Costs to cover
- 0.110%
- Break-even
- 1.6 days
Slippage unknown: Orderly: no order-book sample; Extended: live order book, 38 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 Extended live order book, 38 min ago | 11.99 bp | 21.4 bp −$21 | 147.2 bp −$1,472 | 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 | −0.1658% | 1h | 0.1238 | −0.801% | $34K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1066% / S +0.0229% | 1h | 0.1249 | +0.106% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0328% | 1h | 0.1243 | −0.401% | $21K | $64K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1250 | +0.161% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1249 | +0.080% | $41K | $172K | 25x | as long as short |
| Variational Omni OP | +0.0002% | 8h | 0.1243 | −0.428% | $227K | $44K | — | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1249 | +0.112% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDClong | +0.0026% | 8h | 0.1248 | long leg | $6K | $51K | 10x | |
| OKX OP-USDT-SWAP | +0.0095% | 8h | 0.1249 | +0.096% | $5.8M | $29.4M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1251 | +0.224% | $267K | $899K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
Variational Omni OP
gTrade (Gains Network) OP/USD
OKX OP-USDT-SWAP
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1252 | +0.288% | $3.9M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1250 | +0.132% | $210K | $243K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1250 | +0.155% | $20.2M | $62.6M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1249 | +0.048% | $18.4M | $25.3M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1251 | +0.208% | $1.8M | $1.4M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1250 | +0.152% | $20.0M | $7.2M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1249 | +0.080% | $2.9M | $7.5M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1250 | +0.160% | $6.0M | $6.2M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1249 | +0.080% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1249 | +0.088% | $127K | $189K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1247 | −0.079% | $9K | $380K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1243 | −0.386% | $308K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1244 | −0.321% | $45K | $719K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1249 | +0.096% | $163 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1249 | +0.104% | $173K | $234K | 50x | as long as short |
| Extended OP-USDshort | +0.0104% | 1h | 0.1249 | +0.072% | $100K | $186K | 25x | |
| Aevo OP-PERP | +0.0104% | 1h | 0.1250 | +0.120% | $4K | — | 3x | as long as short |
| Kraken Futures PF_OPUSD | +0.0137% | 1h | 0.1250 | +0.159% | $772K | $741K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1248 | +0.008% | $992K | $294K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0436% | 1h | 0.1248 | +0.026% | $694 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Aevo OP-PERP
Kraken Futures PF_OPUSD
BloFin OP-USDT
Reya OPRUSDPERP