Funding you earn now, next payment 06:00 UTC+0.0647%/8h= +70.8% APRnext payment +$0.81 per $10,000 · paid last 24h +0.060%
Price spread now: SoDEX against Deribit−0.016%7-day average — · you buy dearer than you sell
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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$19 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit OP_USDC-PERPETUAL | 0.1254 | −0.0547 | get 0.0068% / 1h | 6m 40s | $30K | $151K | 25x |
| Short | SoDEX OP-USD | 0.1254 | 0.0100 | get 0.0013% / 1h | 6m 40s | $204 | $6K | 5x |
Deribit OP_USDC-PERPETUAL
SoDEX OP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Deribit. 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
- $135.87
- Price spread: −0.016% → 0.000%
- −$1.59
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- $119.28
- Costs to cover
- 0.150%
- Break-even
- 0.9 days
Slippage unknown: Deribit: live order book, 42 min ago; 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 Deribit live order book, 42 min ago | 3.93 bp | 7.4 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
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 | −0.1583% | 1h | 0.1246 | −0.638% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1255 | +0.082% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUALlong | −0.0547% | 1h | 0.1254 | long leg | $30K | $151K | 25x | |
| Orderly PERP_OP_USDC | −0.0007% | 8h | 0.1254 | 0.000% | $59K | $143K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1254 | −0.018% | $39K | $532 | 10x | as long as short |
| Variational Omni OP | +0.0004% | 8h | 0.1251 | −0.205% | $222K | $46K | — | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1255 | +0.053% | — | — | 150x | as long as short |
| Bybit OPUSDT | +0.0067% | 8h | 0.1253 | −0.064% | $18.4M | $25.7M | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0074% | 1h | 0.1255 | +0.086% | $753K | $632K | 20x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1253 | −0.040% | $275K | $1.1M | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Orderly PERP_OP_USDC
dYdX OP-USD
Variational Omni OP
gTrade (Gains Network) OP/USD
Bybit OPUSDT
Kraken Futures PF_OPUSD
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1253 | −0.096% | $3.4M | $3.2M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1254 | −0.003% | $204K | $213K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1253 | −0.104% | $19.6M | $64.8M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1253 | −0.056% | $6.2M | $29.1M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1254 | −0.032% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1253 | −0.064% | $23.2M | $7.7M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1253 | −0.080% | $2.8M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1253 | −0.080% | $5.8M | $6.7M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1253 | −0.080% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1254 | −0.032% | $105K | $214K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1250 | −0.307% | $379K | $767K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1252 | −0.159% | $309K | $5.4M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1250 | −0.319% | $43K | $705K | 50x | as long as short |
| SoDEX OP-USDshort | +0.0100% | 1h | 0.1254 | −0.016% | $204 | $6K | 5x | |
| HTX OP-USDT | +0.0100% | 8h | 0.1255 | +0.064% | $174K | $244K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1252 | −0.162% | $101K | $506K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1254 | −0.002% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0160% | 1h | 0.1254 | 0.000% | $26K | $60K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1253 | −0.048% | $981K | $307K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0443% | 1h | 0.1253 | −0.057% | $697 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
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
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Reya OPRUSDPERP