OP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0036%/8h= +4.0% APRnext payment +$0.36 per $10,000 · paid last 24h −0.014%

Price spread now: OKX against Orderly−0.171%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 OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 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. OKX is 0.171% cheaper against Orderly than usual: you would sell low and buy high (spread −0.171% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 16 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	0.1287	0.0064	pay 0.0064% / 8h	53m 49s	$6K	$49K	10x
Short	OKX OP-USDT-SWAP	0.1285	0.0100	get 0.0100% / 8h	53m 49s	$6.1M	$30.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.171%Rate

Funding earned: $7.65
Price spread: −0.171% → 0.000%: −$17.09
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$25.45
Costs to cover: 0.160%
Break-even: 30.3 days

Slippage unknown: Orderly: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago	0.39 bp	8.3 bp −$8	30.0 bp −$300	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	−0.1633%	1h	0.1284	−0.233%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1287	+0.030%	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0344%	1h	0.1280	−0.544%	$21K	$64K	50x	as long as short
dYdX OP-USD	0.0000%	1h	0.1289	+0.173%	$40K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1288	+0.078%	$42K	$171K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1288	+0.075%	—	—	150x	as long as short
Orderly PERP_OP_USDClong	+0.0064%	8h	0.1287	long leg	$6K	$49K	10x
Variational Omni OP	+0.0077%	8h	0.1288	+0.107%	$236K	$54K	—	as long as short
Lighter OP	+0.0096%	1h	0.1288	+0.109%	$291K	$919K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1287	−0.016%	$4.2M	$2.9M	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	0.1288	+0.089%	$215K	$241K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1287	−0.031%	$20.8M	$61.7M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1285	−0.132%	$18.9M	$25.5M	75x	as long as short
OKX OP-USDT-SWAPshort	+0.0100%	8h	0.1285	−0.171%	$6.1M	$30.5M	50x
Gate OP_USDT	+0.0100%	8h	0.1288	+0.047%	$2.0M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1287	−0.016%	$20.6M	$7.1M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1287	0.000%	$2.9M	$7.4M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1286	−0.078%	$6.1M	$6.3M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1287	0.000%	—	$6.8M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1288	+0.039%	$125K	$189K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1287	+0.016%	$11K	$382K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1288	+0.093%	$322K	$5.0M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1288	+0.078%	$46K	$722K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1287	0.000%	$180	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1288	+0.117%	$178K	$233K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1286	−0.054%	$103K	$186K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1287	+0.016%	$4K	—	3x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1289	+0.155%	$1.0M	$291K	75x	as long as short
Kraken Futures PF_OPUSD	+0.0355%	1h	0.1288	+0.089%	$805K	$745K	20x	as long as short
Reya OPRUSDPERP	+0.0437%	1h	0.1287	0.000%	$716	—	20x	as long as short