OP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h +0.005%

Price spread now: Extended against gTrade (Gains Network)−0.047%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Extended

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.047% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 38 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) OP/USD	0.1275	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	47m 57s	—	—	150x
Short	Extended OP-USD	0.1274	0.0104	get 0.0013% / 1h	47m 57s	$102K	$393K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.047%Rate

Funding earned: $20.9
Price spread: −0.047% → 0.000%: −$4.75
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $1.15
Costs to cover: 0.150%
Break-even: 6.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Extended: live order book, 4 min ago. 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 Extended live order book, 4 min ago	11.76 bp	20.9 bp −$21	143.8 bp −$1,438	doesn't fit	doesn't fit

gTrade (Gains Network): 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	−0.1568%	1h	0.1267	−0.610%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1274	−0.039%	$13K	—	100x	as long as short
dYdX OP-USD	0.0000%	1h	0.1275	0.000%	$39K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1275	+0.017%	$42K	$138K	25x	as long as short
gTrade (Gains Network) OP/USDlong	L +0.0004% / S −0.0004%	1h	0.1275	long leg	—	—	150x
Coinbase International OP-PERP-INTX	+0.0032%	1h	0.1281	+0.488%	$25K	$64K	50x	as long as short
Orderly PERP_OP_USDC	+0.0054%	8h	0.1274	−0.061%	$6K	$46K	10x	as long as short
Kraken Futures PF_OPUSD	+0.0056%	1h	0.1275	+0.046%	$785K	$552K	20x	as long as short
Variational Omni OP	+0.0060%	8h	0.1279	+0.325%	$226K	$48K	—	as long as short
OKX OP-USDT-SWAP	+0.0075%	8h	0.1275	+0.002%	$6.3M	$28.8M	50x	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	0.1276	+0.064%	$280K	$942K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1276	+0.119%	$3.7M	$2.8M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1275	+0.011%	$213K	$216K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1275	−0.006%	$20.8M	$60.8M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1274	−0.077%	$18.7M	$24.9M	75x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1275	+0.017%	$2.0M	$1.4M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1275	−0.014%	$21.5M	$7.2M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1274	−0.061%	$2.9M	$6.4M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1274	−0.061%	$5.9M	$6.5M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1275	−0.006%	—	$6.3M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1275	−0.022%	$121K	$206K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1273	−0.112%	$4K	$388K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1276	+0.114%	$319K	$5.1M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1274	−0.061%	$44K	$711K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1275	+0.002%	$195	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1275	+0.049%	$173K	$232K	50x	as long as short
Extended OP-USDshort	+0.0104%	1h	0.1274	−0.047%	$102K	$393K	25x
Aevo OP-PERP	+0.0104%	1h	0.1275	0.000%	$3K	$1K	3x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1270	−0.336%	$1.0M	$280K	75x	as long as short
Reya OPRUSDPERP	+0.0441%	1h	0.1274	−0.029%	$709	—	20x	as long as short