Funding you earn now, next payment 08:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.032%
Price spread now: Orderly against edgeX−0.178%71s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.128%−$13 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Orderly is 0.178% cheaper against edgeX than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX OPUSDC | 0.1251 | 0.0100 | pay 0.0050% / 4h | 2h 30m | $379K | $770K | 10x |
| Short | Orderly PERP_OP_USDC | 0.1249 | 0.0020 | get 0.0020% / 8h | 2h 30m | $59K | $142K | 10x |
edgeX OPUSDC
Orderly PERP_OP_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against edgeX. 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
- −$16.85
- Price spread: −0.178% → 0.000%
- −$17.79
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$49.64
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: edgeX: live order book, 19 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 edgeX live order book, 19 min ago | 3.92 bp | 11.3 bp −$11 | 125.7 bp −$1,257 | doesn't fit | doesn't fit |
| 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 | −0.1583% | 1h | 0.1247 | −0.338% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1251 | −0.039% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1249 | −0.170% | $39K | $532 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1250 | −0.098% | $40K | $139K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1250 | −0.098% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDCshort | +0.0020% | 8h | 0.1249 | −0.178% | $59K | $142K | 10x | |
| Variational Omni OP | +0.0022% | 8h | 0.1249 | −0.141% | $221K | $45K | — | as long as short |
| Kraken Futures PF_OPUSD | +0.0075% | 1h | 0.1251 | −0.045% | $752K | $628K | 20x | as long as short |
| Bybit OPUSDT | +0.0096% | 8h | 0.1249 | −0.178% | $18.4M | $25.5M | 75x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1251 | −0.050% | $290K | $988K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
Kraken Futures PF_OPUSD
Bybit OPUSDT
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX OP-USDT-SWAP | +0.0097% | 8h | 0.1250 | −0.106% | $6.2M | $28.6M | 50x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1250 | −0.074% | $3.4M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1250 | −0.130% | $204K | $218K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1250 | −0.100% | $19.6M | $63.8M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1250 | −0.122% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1250 | −0.130% | $22.8M | $7.6M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1249 | −0.178% | $2.8M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1250 | −0.098% | $5.8M | $6.6M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1250 | −0.138% | — | $6.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1249 | −0.162% | $105K | $214K | 10x | as long as short |
| edgeX OPUSDClong | +0.0100% | 4h | 0.1251 | long leg | $379K | $770K | 10x | |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1252 | +0.097% | $317K | $5.2M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1253 | +0.142% | $43K | $704K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1249 | −0.146% | $195 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1249 | −0.170% | $171K | $236K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1249 | −0.177% | $100K | $505K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1249 | −0.178% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0160% | 1h | 0.1245 | −0.498% | $26K | $59K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1251 | −0.034% | $995K | $276K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0443% | 1h | 0.1250 | −0.126% | $695 | — | 20x | as long as short |
OKX OP-USDT-SWAP
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Reya OPRUSDPERP