OP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0155%/8h= −17.0% APRnext payment −$1.55 per $10,000 · paid last 24h −0.032%

Price spread now: Orderly against BingX+0.120%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.128%−$13 on $10k

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. Orderly is 0.120% dearer against BingX than usual: you sell high and buy low (spread +0.120% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 7 days (−0.128% in total) that is about 6.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX OP-USDT	0.1255	0.0100	pay 0.0100% / 8h	1h 05m	—	$6.8M	—
Short	Orderly PERP_OP_USDC	0.1256	−0.0055	pay 0.0055% / 8h	1h 05m	$12K	$236K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against BingX. 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 BingXbpFee OrderlybpOrdersPrice spread, now +0.120%Rate

Funding earned: −$32.64
Price spread: +0.120% → 0.000%: $11.96
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$36.68
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 2 min ago; Orderly: 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 BingX live order book, 2 min ago	0.40 bp	9.8 bp −$10	15.5 bp −$155	94.1 bp −$9,409	464.5 bp −$232.3K
Sell Orderly no order-book sample	—	—	—	—	—

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	−0.1760%	1h	0.1247	−0.598%	$34K	$59K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.0898% / S +0.0202%	1h	0.1255	+0.056%	$13K	—	100x	as long as short
Orderly PERP_OP_USDCshort	−0.0055%	8h	0.1256	+0.120%	$12K	$236K	10x
Kraken Futures PF_OPUSD	−0.0034%	1h	0.1255	+0.055%	$754K	$665K	20x	as long as short
dYdX OP-USD	0.0000%	1h	0.1256	+0.101%	$39K	$522	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1256	+0.120%	$32K	$154K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1256	+0.115%	—	—	150x	as long as short
Variational Omni OP	+0.0011%	8h	0.1253	−0.082%	$221K	$46K	—	as long as short
Coinbase International OP-PERP-INTX	+0.0032%	1h	0.1253	−0.120%	$24K	$65K	50x	as long as short
KuCoin OPUSDTM	+0.0074%	8h	0.1254	−0.040%	$2.8M	$6.2M	75x	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	0.1256	+0.104%	$275K	$1.1M	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1256	+0.151%	$3.5M	$3.7M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1255	+0.054%	$206K	$210K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1255	+0.008%	$19.8M	$67.1M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1254	−0.032%	$18.4M	$26.1M	75x	as long as short
OKX OP-USDT-SWAP	+0.0100%	8h	0.1255	+0.064%	$6.1M	$29.5M	50x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1255	+0.072%	$2.0M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1255	+0.072%	$22.5M	$8.0M	300x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1255	+0.040%	$5.7M	$6.9M	75x	as long as short
BingX OP-USDTlong	+0.0100%	8h	0.1255	long leg	—	$6.8M	—
Backpack OP_USDC_PERP	+0.0100%	1h	0.1255	+0.056%	$116K	$220K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1254	−0.065%	$4K	$1.1M	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1253	−0.114%	$310K	$5.2M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1255	+0.040%	$43K	$697K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1255	+0.024%	$205	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1255	+0.040%	$168K	$255K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1254	−0.013%	$102K	$506K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1255	0.000%	$3K	$1K	3x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1255	+0.024%	$991K	$324K	75x	as long as short
Reya OPRUSDPERP	+0.0444%	1h	0.1256	+0.087%	$698	—	20x	as long as short