Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.005%
Price spread now: Extended against Binance+0.051%7-day average −0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$630.634% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.200%−$20 · spread now +0.051%, 7d avg −0.081%
=Together, before fees−0.199%+ Points / potential airdropExtended: Active · farm board−$20 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.133% dearer against Binance than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.081%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPUSDT | 0.1257 | 0.0100 | pay 0.0100% / 8h | 2h 06m | $20.4M | $62.6M | 75x |
| Short | Extended OP-USD | 0.1257 | 0.0104 | get 0.0013% / 1h | 6m 31s | $101K | $186K | 25x |
Binance OPUSDT
Extended OP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Binance. 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
- $0.84
- Price spread: +0.051% → −0.081%
- $13.26
- Slippage, 4 orders
- −$48.43
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$49.33
- Costs to cover
- 0.634%
- Break-even
- 418.1 days
Slippage from Binance: live order book, 6 min ago; Extended: live order book, 15 min ago.
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 Binance live order book, 6 min ago | 0.79 bp | 11.4 bp −$11 | 22.8 bp −$228 | 108.7 bp −$10.9K | doesn't fit |
| Sell Extended live order book, 15 min ago | 11.85 bp | 21.1 bp −$21 | 146.5 bp −$1,465 | doesn't fit | doesn't fit |
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 | −0.1658% | 1h | 0.1254 | −0.199% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1257 | +0.069% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0328% | 1h | 0.1243 | −1.074% | $21K | $64K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1260 | +0.303% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1259 | +0.199% | $42K | $171K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1258 | +0.119% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0035% | 8h | 0.1260 | +0.248% | $230K | $44K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0042% | 8h | 0.1257 | +0.040% | $6K | $50K | 10x | as long as short |
| OKX OP-USDT-SWAP | +0.0091% | 8h | 0.1258 | +0.088% | $5.9M | $29.7M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1259 | +0.167% | $270K | $908K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
OKX OP-USDT-SWAP
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate OP_USDT | +0.0099% | 8h | 0.1258 | +0.103% | $1.8M | $1.5M | 50x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1259 | +0.167% | $4.1M | $3.0M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1258 | +0.130% | $211K | $241K | 10x | as long as short |
| Binance OPUSDTlong | +0.0100% | 8h | 0.1257 | long leg | $20.4M | $62.6M | 75x | |
| Bybit OPUSDT | +0.0100% | 8h | 0.1256 | −0.072% | $18.3M | $25.4M | 75x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1257 | +0.008% | $19.9M | $7.3M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1257 | +0.040% | $2.9M | $7.6M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1258 | +0.119% | $6.0M | $6.2M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1256 | −0.008% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1258 | +0.103% | $124K | $194K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1261 | +0.359% | $11K | $382K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1261 | +0.358% | $312K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1262 | +0.438% | $45K | $720K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1258 | +0.135% | $171 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1261 | +0.390% | $174K | $232K | 50x | as long as short |
| Extended OP-USDshort | +0.0104% | 1h | 0.1257 | +0.051% | $101K | $186K | 25x | |
| Aevo OP-PERP | +0.0104% | 1h | 0.1259 | +0.162% | $4K | — | 3x | as long as short |
| Kraken Futures PF_OPUSD | +0.0136% | 1h | 0.1260 | +0.274% | $779K | $732K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1260 | +0.247% | $1.0M | $281K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0436% | 1h | 0.1257 | +0.002% | $699 | — | 20x | as long as short |
Gate OP_USDT
Hyperliquid OP
Aster 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
Aevo OP-PERP
Kraken Futures PF_OPUSD
BloFin OP-USDT
Reya OPRUSDPERP