Funding you earn now, next payment 11:00 UTC−0.0222%/8h= −24.3% APRnext payment −$0.28 per $10,000 · paid last 24h −0.046%
Price spread now: SoDEX against Kraken Futures−0.098%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 against this trade now: funding costs −$7 a day on $10k at the current rate, and SoDEX is 0.098% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_OPUSD | 0.1238 | 0.0156 | pay 0.0020% / 1h | 45m 26s | $736K | $739K | 20x |
| Short | SoDEX OP-USD | 0.1236 | −0.0066 | pay 0.0008% / 1h | 45m 26s | $193 | $5K | 5x |
Kraken Futures PF_OPUSD
SoDEX OP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Kraken Futures. 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
- −$46.63
- Price spread: −0.098% → 0.000%
- −$9.79
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$74.42
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 1 min ago; SoDEX: 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 Kraken Futures live order book, 1 min ago | 3.24 bp | 39.0 bp −$39 | 96.6 bp −$966 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| GMX OP/USD [OP-USDC] | L −0.0886% / S +0.0200% | 1h | 0.1236 | −0.121% | $13K | — | 100x | as long as short |
| Hyperliquid OP | −0.0579% | 1h | 0.1235 | −0.211% | $3.8M | $3.9M | 5x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0558% | 1h | 0.1237 | −0.058% | $30K | $113K | 25x | as long as short |
| SoDEX OP-USDshort | −0.0066% | 1h | 0.1236 | −0.098% | $193 | $5K | 5x | |
| Orderly PERP_OP_USDC | −0.0060% | 8h | 0.1235 | −0.219% | $12K | $232K | 10x | as long as short |
| Binance OPUSDT | −0.0060% | 8h | 0.1235 | −0.203% | $19.1M | $65.7M | 75x | as long as short |
| MEXC OP_USDT | −0.0057% | 8h | 0.1235 | −0.211% | $21.8M | $7.3M | 300x | as long as short |
| Extended OP-USD | −0.0056% | 1h | 0.1235 | −0.226% | $99K | $581K | 25x | as long as short |
| Gate OP_USDT | −0.0049% | 8h | 0.1236 | −0.171% | $2.0M | $1.3M | 50x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0048% | 1h | 0.1236 | −0.138% | $25K | $67K | 50x | as long as short |
GMX OP/USD [OP-USDC]
Hyperliquid OP
Deribit OP_USDC-PERPETUAL
Orderly PERP_OP_USDC
Binance OPUSDT
MEXC OP_USDT
Extended OP-USD
Gate OP_USDT
Coinbase International OP-PERP-INTXShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT OP_USDT_Perp | −0.0010% | 8h | 0.1235 | −0.244% | $299K | $5.5M | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1236 | −0.140% | $38K | $522 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1236 | −0.163% | — | — | 150x | as long as short |
| Injective OP/USDC PERP | +0.0033% | 1h | 0.1257 | +1.558% | $35K | $67K | 12x | as long as short |
| Aevo OP-PERP | +0.0064% | 1h | 0.1235 | −0.219% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0066% | 8h | 0.1236 | −0.138% | $981K | $280K | 75x | as long as short |
| Variational Omni OP | +0.0066% | 8h | 0.1236 | −0.127% | $219K | $46K | — | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1236 | −0.138% | $262K | $1.1M | 15x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1237 | −0.094% | $205K | $210K | 10x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1235 | −0.179% | $17.9M | $24.5M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1236 | −0.171% | $5.9M | $27.5M | 50x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1235 | −0.219% | $2.9M | $5.6M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1235 | −0.219% | $5.8M | $6.6M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1236 | −0.171% | — | $6.4M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1236 | −0.122% | $108K | $203K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1235 | −0.241% | $4K | $1.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1235 | −0.219% | $43K | $688K | 50x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1237 | −0.017% | $168K | $255K | 50x | as long as short |
| Kraken Futures PF_OPUSDlong | +0.0156% | 1h | 0.1238 | long leg | $736K | $739K | 20x | |
| Reya OPRUSDPERP | +0.0446% | 1h | 0.1236 | −0.116% | $687 | — | 20x | as long as short |
GRVT OP_USDT_Perp
dYdX OP-USD
gTrade (Gains Network) OP/USD
Injective OP/USDC PERP
Aevo OP-PERP
BloFin OP-USDT
Variational Omni OP
Lighter OP
Aster OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
ApeX Omni OPUSDT
HTX OP-USDT
Reya OPRUSDPERP