Funding you earn now, next payment 06:00 UTC+0.0070%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h +0.092%
Price spread now: Kraken Futures against gTrade (Gains Network)+0.049%7-day average — · you sell dearer than you buy
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
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kraken Futures is 0.049% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) OP/USD | 0.1247 | L +0.0004% / S −0.0004% | pay 0.0001% / 1h | 24m 26s | — | — | 150x |
| Short | Kraken Futures PF_OPUSD | 0.1248 | 0.0075 | get 0.0009% / 1h | 24m 26s | $750K | $628K | 20x |
gTrade (Gains Network) OP/USD
Kraken Futures PF_OPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $14.76
- Price spread: +0.049% → 0.000%
- $4.87
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$0.37
- Costs to cover
- 0.200%
- Break-even
- 7.2 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Kraken Futures: live order book, 24 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 Kraken Futures live order book, 24 min ago | 15.31 bp | 28.2 bp −$28 | 68.7 bp −$687 | 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 | −0.1583% | 1h | 0.1236 | −0.882% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1247 | 0.000% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0552% | 1h | 0.1246 | −0.080% | $40K | $139K | 25x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1248 | +0.046% | $39K | $532 | 10x | as long as short |
| gTrade (Gains Network) OP/USDlong | L +0.0004% / S −0.0004% | 1h | 0.1247 | long leg | — | — | 150x | |
| Orderly PERP_OP_USDC | +0.0013% | 8h | 0.1247 | 0.000% | $59K | $142K | 10x | as long as short |
| Variational Omni OP | +0.0023% | 8h | 0.1243 | −0.349% | $220K | $45K | — | as long as short |
| Kraken Futures PF_OPUSDshort | +0.0075% | 1h | 0.1248 | +0.049% | $750K | $628K | 20x | |
| Bybit OPUSDT | +0.0093% | 8h | 0.1246 | −0.080% | $18.3M | $25.6M | 75x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1247 | −0.032% | $278K | $1.0M | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
dYdX OP-USD
Orderly PERP_OP_USDC
Variational Omni OP
Bybit OPUSDT
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1247 | +0.024% | $3.3M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1247 | −0.026% | $204K | $218K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1246 | −0.046% | $19.5M | $63.9M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1247 | −0.024% | $6.1M | $28.7M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1247 | −0.008% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1247 | +0.016% | $22.7M | $7.7M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1246 | −0.080% | $2.8M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1246 | −0.080% | $5.7M | $6.6M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1246 | −0.048% | — | $6.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1245 | −0.168% | $104K | $214K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1245 | −0.139% | $377K | $766K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1249 | +0.151% | $306K | $5.3M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1247 | 0.000% | $43K | $705K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1246 | −0.048% | $192 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1248 | +0.048% | $171K | $236K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1246 | −0.088% | $99K | $502K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1246 | −0.059% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0160% | 1h | 0.1247 | 0.000% | $26K | $59K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1246 | −0.096% | $992K | $275K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0443% | 1h | 0.1246 | −0.057% | $693 | — | 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-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
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