Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.060%
Price spread now: Deribit against HTX−0.047%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$770.768% of the position
Funding, last 7 days−0.291%−$29 on $10k
+Price spread, last 4 days (all we have)−0.147%−$15 · spread now −0.047%, 7d avg −0.019%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.028% cheaper against HTX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.019%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX OP-USDT | 0.1264 | 0.0100 | pay 0.0100% / 8h | 6h 59m | $172K | $266K | 50x |
| Short | Deribit OP_USDC-PERPETUAL | 0.1263 | 0 | get 0.0000% / 1h | 59m 59s | $31K | $153K | 25x |
HTX OP-USDT
Deribit OP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against HTX. 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
- −$21
- Price spread: −0.047% → −0.019%
- −$2.82
- Slippage, 4 orders
- −$57.77
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$100.59
- Costs to cover
- 0.768%
- Break-even
- never at this rate
Slippage from HTX: live order book, 32 min ago; Deribit: live order book, 33 min ago.
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 HTX live order book, 32 min ago | 10.87 bp | 22.1 bp −$22 | 3021.6 bp −$30.2K | doesn't fit | doesn't fit |
| Sell Deribit live order book, 33 min ago | 8.06 bp | 11.6 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.1328% | 1h | 0.1257 | −0.522% | $35K | $67K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1164% / S +0.0246% | 1h | 0.1263 | −0.022% | $13K | — | 100x | as long as short |
| Orderly PERP_OP_USDC | −0.0050% | 8h | 0.1263 | −0.047% | $12K | $233K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1264 | +0.016% | $39K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUALshort | 0.0000% | 1h | 0.1263 | −0.047% | $31K | $153K | 25x | |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1264 | +0.003% | — | — | 150x | as long as short |
| KuCoin OPUSDTM | +0.0016% | 8h | 0.1262 | −0.127% | $2.9M | $6.0M | 75x | as long as short |
| Variational Omni OP | +0.0073% | 8h | 0.1262 | −0.125% | $223K | $46K | — | as long as short |
| Extended OP-USD | +0.0088% | 1h | 0.1262 | −0.117% | $104K | $590K | 25x | as long as short |
| Binance OPUSDT | +0.0091% | 8h | 0.1262 | −0.154% | $19.5M | $68.0M | 75x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Orderly PERP_OP_USDC
dYdX OP-USD
gTrade (Gains Network) OP/USD
KuCoin OPUSDTM
Variational Omni OP
Extended OP-USD
Binance OPUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC OP_USDT | +0.0092% | 8h | 0.1263 | −0.087% | $22.5M | $7.9M | 300x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1263 | −0.032% | $290K | $1.1M | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1262 | −0.135% | $3.5M | $3.7M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1263 | −0.051% | $204K | $211K | 10x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1261 | −0.174% | $18.4M | $26.2M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1261 | −0.174% | $6.1M | $29.5M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1262 | −0.127% | $2.0M | $1.5M | 50x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1262 | −0.127% | $5.8M | $6.8M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1262 | −0.127% | — | $6.7M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1262 | −0.150% | $113K | $214K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1263 | −0.025% | $4K | $1.1M | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1263 | −0.048% | $307K | $5.4M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1264 | +0.032% | $44K | $692K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1263 | −0.087% | $196 | $5K | 5x | as long as short |
| HTX OP-USDTlong | +0.0100% | 8h | 0.1264 | long leg | $172K | $266K | 50x | |
| Aevo OP-PERP | +0.0104% | 1h | 0.1263 | −0.087% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0112% | 1h | 0.1265 | +0.111% | $25K | $69K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.0153% | 1h | 0.1265 | +0.092% | $748K | $734K | 20x | as long as short |
| BloFin OP-USDT | +0.0212% | 8h | 0.1265 | +0.071% | $989K | $279K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0445% | 1h | 0.1263 | −0.061% | $702 | — | 20x | as long as short |
MEXC OP_USDT
Lighter OP
Hyperliquid OP
Aster OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
Kraken Futures PF_OPUSD
BloFin OP-USDT
Reya OPRUSDPERP