Funding you earn now, next payment 09:00 UTC+0.0154%/8h= +16.8% APRpaid last 24h +0.032%
Price spread now: SoDEX against Orderly+0.104%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+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 +$5 a day on $10k at the current rate, and SoDEX is 0.104% dearer against Orderly than usual: you sell high and buy low: +$10 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 | 0.1253 | −0.0054 | get 0.0054% / 8h | 7h 57m | $12K | $235K | 10x |
| Short | SoDEX OP-USD | 0.1254 | 0.0100 | get 0.0013% / 1h | 57m 15s | $199 | $6K | 5x |
Orderly PERP_OP_USDC
SoDEX OP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $32.25
- Price spread: +0.104% → 0.000%
- $10.38
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- $28.62
- Costs to cover
- 0.140%
- Break-even
- 0.8 days
Slippage unknown: Orderly: no order-book sample; SoDEX: no order-book sample. 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 SoDEX no order-book sample | — | — | — | — | — |
Orderly and SoDEX: 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 | −0.1328% | 1h | 0.1235 | −1.437% | $34K | $63K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1164% / S +0.0246% | 1h | 0.1254 | +0.097% | $13K | — | 100x | as long as short |
| Orderly PERP_OP_USDClong | −0.0054% | 8h | 0.1253 | long leg | $12K | $235K | 10x | |
| dYdX OP-USD | 0.0000% | 1h | 0.1253 | −0.022% | $39K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1254 | +0.080% | $31K | $165K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1254 | +0.087% | — | — | 150x | as long as short |
| GRVT OP_USDT_Perp | +0.0055% | 8h | 0.1248 | −0.416% | $305K | $5.3M | 10x | as long as short |
| KuCoin OPUSDTM | +0.0059% | 8h | 0.1253 | 0.000% | $2.8M | $6.0M | 75x | as long as short |
| Variational Omni OP | +0.0063% | 8h | 0.1248 | −0.401% | $221K | $47K | — | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1255 | +0.168% | $290K | $1.1M | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
GRVT OP_USDT_Perp
KuCoin OPUSDTM
Variational Omni OP
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1254 | +0.064% | $3.5M | $3.6M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1254 | +0.061% | $206K | $210K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1254 | +0.096% | $19.7M | $67.7M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1253 | 0.000% | $18.3M | $26.3M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1254 | +0.096% | $6.0M | $29.7M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1254 | +0.080% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1254 | +0.072% | $22.4M | $7.7M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1254 | +0.080% | $5.6M | $6.8M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1254 | +0.048% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1250 | −0.255% | $117K | $222K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1248 | −0.404% | $4K | $1.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1248 | −0.399% | $43K | $694K | 50x | as long as short |
| SoDEX OP-USDshort | +0.0100% | 1h | 0.1254 | +0.104% | $199 | $6K | 5x | |
| HTX OP-USDT | +0.0100% | 8h | 0.1255 | +0.144% | $167K | $259K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1254 | +0.044% | $100K | $610K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1254 | +0.074% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0112% | 1h | 0.1249 | −0.319% | $24K | $66K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.0154% | 1h | 0.1255 | +0.183% | $747K | $676K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1255 | +0.120% | $996K | $326K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0445% | 1h | 0.1253 | −0.019% | $697 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
ApeX Omni OPUSDT
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
Kraken Futures PF_OPUSD
BloFin OP-USDT
Reya OPRUSDPERP