Funding you earn now, next payment 00:00 UTC+0.0073%/8h= +8.0% APRnext payment +$0.73 per $10,000 · paid last 24h +0.007%
Price spread now: Gate against Orderly+0.064%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−0.024%−$2 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Gate is 0.064% dearer against Orderly than usual: you sell high and buy low: +$6 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 | 0.0024 | pay 0.0024% / 8h | 3h 08m | $6K | $51K | 10x |
| Short | Gate OP_USDT | 0.1249 | 0.0097 | get 0.0097% / 8h | 3h 08m | $1.8M | $1.5M | 50x |
Orderly PERP_OP_USDC
Gate OP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $15.31
- Price spread: +0.064% → 0.000%
- $6.41
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $0.72
- Costs to cover
- 0.210%
- Break-even
- 6.7 days
Slippage unknown: Orderly: no order-book sample; Gate: 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 Gate live order book, 4 min ago | 6.43 bp | 24.6 bp −$25 | 62.4 bp −$624 | 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 | −0.1622% | 1h | 0.1240 | −0.641% | $34K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1066% / S +0.0229% | 1h | 0.1249 | +0.116% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0304% | 1h | 0.1245 | −0.240% | $21K | $64K | 50x | as long as short |
| Variational Omni OP | −0.0005% | 8h | 0.1245 | −0.249% | $227K | $45K | — | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1246 | −0.184% | $38K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1249 | +0.080% | $43K | $184K | 25x | as long as short |
| Kraken Futures PF_OPUSD | +0.0001% | 1h | 0.1250 | +0.151% | $771K | $746K | 20x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1250 | +0.130% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDClong | +0.0024% | 8h | 0.1248 | long leg | $6K | $51K | 10x | |
| Lighter OP | +0.0096% | 1h | 0.1247 | −0.088% | $267K | $900K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
Variational Omni OP
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
Kraken Futures PF_OPUSD
gTrade (Gains Network) OP/USD
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate OP_USDTshort | +0.0097% | 8h | 0.1249 | +0.064% | $1.8M | $1.5M | 50x | |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1249 | +0.056% | $5.8M | $29.7M | 50x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1251 | +0.224% | $3.9M | $3.0M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1248 | −0.013% | $210K | $246K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1249 | +0.072% | $20.1M | $63.3M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1248 | +0.024% | $18.4M | $25.7M | 75x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1250 | +0.144% | $20.2M | $7.3M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1248 | 0.000% | $2.9M | $7.5M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1250 | +0.160% | $5.9M | $6.3M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1249 | +0.072% | — | $6.9M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1245 | −0.200% | $127K | $196K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1245 | −0.240% | $8K | $379K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1246 | −0.159% | $303K | $5.4M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1246 | −0.160% | $45K | $722K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1249 | +0.072% | $155 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1245 | −0.216% | $177K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1249 | +0.059% | $100K | $206K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1249 | +0.080% | $4K | — | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1245 | −0.224% | $996K | $296K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0435% | 1h | 0.1250 | +0.126% | $695 | — | 20x | as long as short |
OKX OP-USDT-SWAP
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Reya OPRUSDPERP