Funding you earn now, next payment 10:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h +0.004%
Price spread now: SoDEX against KuCoin+0.088%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and SoDEX is 0.088% dearer against KuCoin than usual: you sell high and buy low: +$9 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 | KuCoin OPUSDTM | 0.1248 | 0.0079 | pay 0.0079% / 8h | 6h 16m | $2.9M | $5.8M | 75x |
| Short | SoDEX OP-USD | 0.1249 | 0.0100 | get 0.0013% / 1h | 16m 15s | $201 | $5K | 5x |
KuCoin OPUSDTM
SoDEX OP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $4.41
- Price spread: +0.088% → 0.000%
- $8.81
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$6.78
- Costs to cover
- 0.200%
- Break-even
- 17.8 days
Slippage unknown: KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago | 4.01 bp | 39.8 bp −$40 | 90.0 bp −$900 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1934% | 1h | 0.1257 | +0.721% | $35K | $67K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.0886% / S +0.0200% | 1h | 0.1248 | +0.021% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0550% | 1h | 0.1249 | +0.080% | $31K | $112K | 25x | as long as short |
| Orderly PERP_OP_USDC | −0.0058% | 8h | 0.1249 | +0.080% | $12K | $233K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1250 | +0.152% | $39K | $522 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1250 | +0.156% | — | — | 150x | as long as short |
| Binance OPUSDT | +0.0015% | 8h | 0.1249 | +0.104% | $19.2M | $68.0M | 75x | as long as short |
| Extended OP-USD | +0.0016% | 1h | 0.1249 | +0.072% | $102K | $579K | 25x | as long as short |
| MEXC OP_USDT | +0.0017% | 8h | 0.1249 | +0.112% | $22.1M | $7.6M | 300x | as long as short |
| GRVT OP_USDT_Perp | +0.0021% | 8h | 0.1248 | −0.014% | $304K | $5.5M | 10x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Orderly PERP_OP_USDC
dYdX OP-USD
gTrade (Gains Network) OP/USD
Binance OPUSDT
Extended OP-USD
MEXC OP_USDT
GRVT OP_USDT_PerpShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate OP_USDT | +0.0058% | 8h | 0.1249 | +0.104% | $2.0M | $1.4M | 50x | as long as short |
| BloFin OP-USDT | +0.0070% | 8h | 0.1247 | −0.040% | $978K | $278K | 75x | as long as short |
| Variational Omni OP | +0.0072% | 8h | 0.1250 | +0.136% | $221K | $46K | — | as long as short |
| KuCoin OPUSDTMlong | +0.0079% | 8h | 0.1248 | long leg | $2.9M | $5.8M | 75x | |
| Coinbase International OP-PERP-INTX | +0.0080% | 1h | 0.1248 | 0.000% | $26K | $71K | 50x | as long as short |
| Aevo OP-PERP | +0.0088% | 1h | 0.1248 | +0.006% | $3K | $1K | 3x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1250 | +0.160% | $265K | $1.1M | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1250 | +0.160% | $3.5M | $3.7M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1249 | +0.056% | $207K | $224K | 10x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1249 | +0.112% | $18.1M | $25.8M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1250 | +0.128% | $6.0M | $28.6M | 50x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1249 | +0.080% | $5.8M | $6.8M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1250 | +0.120% | — | $6.5M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1249 | +0.040% | $109K | $222K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1248 | −0.033% | $4K | $1.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1251 | +0.240% | $43K | $690K | 50x | as long as short |
| SoDEX OP-USDshort | +0.0100% | 1h | 0.1249 | +0.088% | $201 | $5K | 5x | |
| HTX OP-USDT | +0.0100% | 8h | 0.1251 | +0.224% | $169K | $257K | 50x | as long as short |
| Reya OPRUSDPERP | +0.0446% | 1h | 0.1249 | +0.114% | $695 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0512% | 1h | 0.1250 | +0.181% | $743K | $801K | 20x | as long as short |
Gate OP_USDT
BloFin OP-USDT
Variational Omni OP
Coinbase International OP-PERP-INTX
Aevo OP-PERP
Lighter OP
Hyperliquid OP
Aster OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
ApeX Omni OPUSDT
HTX OP-USDT
Reya OPRUSDPERP
Kraken Futures PF_OPUSD