Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%
Price spread now: Bybit against SoDEX+0.032%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.032% dearer against SoDEX than usual: you sell high and buy low, +$3 on $10k if it 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 | SoDEX OP-USD | 0.1250 | 0.0100 | pay 0.0013% / 1h | 42m 51s | $203 | $6K | 5x |
| Short | Bybit OPUSDT | 0.1250 | 0.0100 | get 0.0100% / 8h | 42m 51s | $18.3M | $26.0M | 75x |
SoDEX OP-USD
Bybit OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against SoDEX. 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
- $0
- Price spread: +0.032% → 0.000%
- $3.2
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$15.8
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; Bybit: live order book, 1 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 1 min ago | 0.80 bp | 12.8 bp −$13 | 29.2 bp −$292 | 91.5 bp −$9,147 | doesn't fit |
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 | −0.1660% | 1h | 0.1245 | −0.368% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.0898% / S +0.0202% | 1h | 0.1252 | +0.206% | $13K | — | 100x | as long as short |
| Orderly PERP_OP_USDC | −0.0053% | 8h | 0.1250 | +0.032% | $12K | $236K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1253 | +0.244% | $39K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1251 | +0.112% | $32K | $154K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1252 | +0.166% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0034% | 8h | 0.1253 | +0.297% | $222K | $47K | — | as long as short |
| KuCoin OPUSDTM | +0.0056% | 8h | 0.1249 | −0.048% | $2.8M | $6.2M | 75x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0080% | 1h | 0.1251 | +0.112% | $24K | $65K | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1251 | +0.128% | $288K | $1.1M | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Orderly PERP_OP_USDC
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
KuCoin OPUSDTM
Coinbase International OP-PERP-INTX
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1251 | +0.096% | $3.5M | $3.7M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1251 | +0.101% | $205K | $210K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1250 | +0.014% | $19.8M | $67.1M | 75x | as long as short |
| Bybit OPUSDTshort | +0.0100% | 8h | 0.1250 | +0.032% | $18.3M | $26.0M | 75x | |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1250 | +0.032% | $6.0M | $29.4M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1251 | +0.096% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1250 | +0.024% | $22.3M | $7.8M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1250 | +0.032% | $5.6M | $6.9M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1251 | +0.112% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1250 | +0.032% | $115K | $219K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1256 | +0.520% | $4K | $1.1M | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1250 | +0.047% | $305K | $5.2M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1250 | +0.032% | $43K | $698K | 50x | as long as short |
| SoDEX OP-USDlong | +0.0100% | 1h | 0.1250 | long leg | $203 | $6K | 5x | |
| HTX OP-USDT | +0.0100% | 8h | 0.1250 | +0.072% | $166K | $259K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1249 | −0.011% | $101K | $600K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1251 | +0.076% | $3K | $1K | 3x | as long as short |
| Kraken Futures PF_OPUSD | +0.0165% | 1h | 0.1250 | +0.057% | $746K | $670K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1250 | +0.016% | $997K | $323K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0444% | 1h | 0.1252 | +0.180% | $696 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Kraken Futures PF_OPUSD
BloFin OP-USDT
Reya OPRUSDPERP