OP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.029%

Price spread now: gTrade (Gains Network) against SoDEX+0.063%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.063% dearer against SoDEX than usual: you sell high and buy low (spread +0.063% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX OP-USD	0.1272	0.0100	pay 0.0013% / 1h	29m 35s	$189	$6K	5x
Short	gTrade (Gains Network) OP/USD	0.1273	L +0.0004% / S −0.0004%	get 0.0000% / 1h	29m 35s	—	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against SoDEX. 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 SoDEXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.063%Rate

Funding earned: −$20.17
Price spread: +0.063% → 0.000%: $6.29
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$31.88
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; gTrade (Gains Network): 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 SoDEX no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

SoDEX and gTrade (Gains Network): 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	−0.1568%	1h	0.1263	−0.684%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1272	+0.039%	$13K	—	100x	as long as short
dYdX OP-USD	0.0000%	1h	0.1271	−0.067%	$39K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1272	+0.024%	$42K	$138K	25x	as long as short
gTrade (Gains Network) OP/USDshort	L +0.0004% / S −0.0004%	1h	0.1273	+0.063%	—	—	150x
Coinbase International OP-PERP-INTX	+0.0032%	1h	0.1270	−0.134%	$25K	$58K	50x	as long as short
Variational Omni OP	+0.0047%	8h	0.1274	+0.199%	$225K	$48K	—	as long as short
Orderly PERP_OP_USDC	+0.0054%	8h	0.1272	+0.024%	$6K	$46K	10x	as long as short
Kraken Futures PF_OPUSD	+0.0056%	1h	0.1273	+0.087%	$781K	$555K	20x	as long as short
OKX OP-USDT-SWAP	+0.0088%	8h	0.1269	−0.181%	$6.2M	$28.6M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter OP	+0.0096%	1h	0.1271	−0.071%	$276K	$945K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1272	−0.016%	$3.7M	$2.8M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1271	−0.036%	$212K	$216K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1270	−0.163%	$20.6M	$61.0M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1269	−0.212%	$18.7M	$24.9M	75x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1271	−0.031%	$2.0M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1270	−0.134%	$21.3M	$7.3M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1270	−0.134%	$2.9M	$6.4M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1269	−0.212%	$5.8M	$6.5M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1271	−0.086%	—	$6.3M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1271	−0.071%	$118K	$207K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1272	+0.017%	$4K	$387K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1273	+0.125%	$318K	$5.0M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1272	+0.024%	$44K	$708K	50x	as long as short
SoDEX OP-USDlong	+0.0100%	1h	0.1272	long leg	$189	$6K	5x
HTX OP-USDT	+0.0100%	8h	0.1273	+0.110%	$172K	$232K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1269	−0.203%	$102K	$391K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1272	−0.003%	$3K	$1K	3x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1275	+0.283%	$1.0M	$282K	75x	as long as short
Reya OPRUSDPERP	+0.0442%	1h	0.1269	−0.184%	$706	—	20x	as long as short