OP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0188%/8h= −20.6% APRnext payment −$0.24 per $10,000 · paid last 24h −0.111%

Price spread now: Coinbase International against gTrade (Gains Network)+1.293%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Coinbase International

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. Coinbase International is 1.293% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +1.293% now, against zero (this spread has no 7-day history yet)): +$129 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 23 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) OP/USD	0.1263	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	18m 59s	—	—	150x
Short	Coinbase International OP-PERP-INTX	0.1279	−0.0184	pay 0.0023% / 1h	18m 59s	$25K	$75K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee Coinbase InternationalbpOrdersPrice spread, now +1.293%Rate

Funding earned: −$39.58
Price spread: +1.293% → 0.000%: $129.33
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $69.75
Costs to cover: 0.200%
Break-even: from the start

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

gTrade (Gains Network) and Coinbase International: 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 29 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	−0.1535%	1h	0.1256	−0.528%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1262	−0.044%	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTXshort	−0.0184%	1h	0.1279	+1.293%	$25K	$75K	50x
dYdX OP-USD	0.0000%	1h	0.1262	−0.080%	$39K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1263	+0.026%	$42K	$151K	25x	as long as short
gTrade (Gains Network) OP/USDlong	L +0.0004% / S −0.0004%	1h	0.1263	long leg	—	—	150x
Variational Omni OP	+0.0056%	8h	0.1263	+0.008%	$225K	$49K	—	as long as short
Orderly PERP_OP_USDC	+0.0056%	8h	0.1262	−0.053%	$6K	$47K	10x	as long as short
OKX OP-USDT-SWAP	+0.0080%	8h	0.1263	+0.066%	$6.1M	$29.8M	50x	as long as short
Lighter OP	+0.0096%	1h	0.1264	+0.074%	$281K	$949K	15x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid OP	+0.0100%	1h	0.1264	+0.113%	$3.7M	$3.0M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1264	+0.066%	$211K	$229K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1264	+0.113%	$20.3M	$62.0M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1263	+0.050%	$18.4M	$26.0M	75x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1264	+0.089%	$1.9M	$1.6M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1264	+0.137%	$20.7M	$7.5M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1263	+0.026%	$2.9M	$6.9M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1264	+0.105%	$5.9M	$6.6M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1264	+0.082%	—	$6.9M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1263	−0.006%	$124K	$203K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1264	+0.128%	$4K	$389K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1264	+0.100%	$311K	$5.2M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1264	+0.105%	$43K	$704K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1262	−0.021%	$180	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1262	−0.077%	$174K	$225K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1263	+0.055%	$104K	$393K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1263	−0.013%	$3K	$1K	3x	as long as short
Reya OPRUSDPERP	+0.0439%	1h	0.1262	−0.045%	$702	—	20x	as long as short
Kraken Futures PF_OPUSD	+0.0462%	1h	0.1263	+0.040%	$798K	$590K	20x	as long as short