Funding you earn now, next payment 07:00 UTC−0.0079%/8h= −8.7% APRpaid last 24h −0.065%
Price spread now: Deribit against KuCoin0.000%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$910.907% of the position
Funding, last 7 days−0.290%−$29 on $10k
+Price spread, last 4 days (all we have)+0.085%+$9 · spread now 0.000%, 7d avg +0.015%
=The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin OPUSDTM | 0.1253 | 0.0079 | pay 0.0079% / 8h | 1h 15m | $2.8M | $6.3M | 75x |
| Short | Deribit OP_USDC-PERPETUAL | 0.1253 | 0 | get 0.0000% / 1h | 15m 49s | $32K | $154K | 25x |
KuCoin OPUSDTM
Deribit OP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against KuCoin. 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
- −$16.59
- Price spread: 0.000% → +0.015%
- −$1.45
- Slippage, 4 orders
- −$71.66
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$108.7
- Costs to cover
- 0.907%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Deribit: live order book, 28 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 KuCoin live order book, 2 min ago | 4.01 bp | 42.3 bp −$42 | 87.8 bp −$878 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 28 min ago | 7.92 bp | 11.4 bp −$11 | 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 | −0.1760% | 1h | 0.1246 | −0.559% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.0898% / S +0.0202% | 1h | 0.1253 | +0.030% | $13K | — | 100x | as long as short |
| Orderly PERP_OP_USDC | −0.0056% | 8h | 0.1252 | −0.080% | $39K | $192K | 10x | as long as short |
| Kraken Futures PF_OPUSD | −0.0034% | 1h | 0.1254 | +0.113% | $755K | $664K | 20x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1255 | +0.144% | $39K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUALshort | 0.0000% | 1h | 0.1253 | 0.000% | $32K | $154K | 25x | |
| Variational Omni OP | +0.0004% | 8h | 0.1252 | −0.085% | $221K | $46K | — | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1249 | −0.313% | — | — | 150x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0032% | 1h | 0.1253 | 0.000% | $24K | $64K | 50x | as long as short |
| KuCoin OPUSDTMlong | +0.0079% | 8h | 0.1253 | long leg | $2.8M | $6.3M | 75x |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Orderly PERP_OP_USDC
Kraken Futures PF_OPUSD
dYdX OP-USD
Variational Omni OP
gTrade (Gains Network) OP/USD
Coinbase International OP-PERP-INTXShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit OPUSDT | +0.0087% | 8h | 0.1255 | +0.168% | $18.4M | $26.2M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0093% | 8h | 0.1255 | +0.200% | $6.1M | $29.6M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1255 | +0.168% | $275K | $1.1M | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1255 | +0.128% | $3.5M | $3.7M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1255 | +0.159% | $206K | $210K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1255 | +0.160% | $19.9M | $67.1M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1254 | +0.048% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1254 | +0.072% | $22.5M | $8.0M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1254 | +0.080% | $5.7M | $6.9M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1253 | +0.040% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1253 | +0.008% | $114K | $220K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1250 | −0.275% | $4K | $1.1M | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1249 | −0.303% | $313K | $5.3M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1250 | −0.239% | $43K | $699K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1253 | +0.032% | $203 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1253 | +0.032% | $168K | $256K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1253 | +0.009% | $102K | $505K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1254 | +0.064% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1251 | −0.160% | $995K | $324K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0444% | 1h | 0.1248 | −0.370% | $694 | — | 20x | as long as short |
Bybit OPUSDT
OKX OP-USDT-SWAP
Lighter OP
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Gate OP_USDT
MEXC OP_USDT
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
BloFin OP-USDT
Reya OPRUSDPERP