Funding you earn now, next payment 08:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.01 per $10,000 · paid last 24h +0.027%
Price spread now: BingX against OKX+0.008%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$430.425% of the position
Funding, last 7 days+0.083%+$8 on $10k
+Price spread, last 7 days−0.025%−$2 · spread now +0.008%, 7d avg 0.000%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX OP-USDT-SWAP | 0.1245 | 0.0099 | pay 0.0099% / 8h | 2h 27m | $6.1M | $28.6M | 50x |
| Short | BingX OP-USDT | 0.1245 | 0.0100 | get 0.0100% / 8h | 2h 27m | — | $6.6M | — |
OKX OP-USDT-SWAP
BingX OP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against OKX. 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
- $0.12
- Price spread: +0.008% → 0.000%
- $0.84
- Slippage, 4 orders
- −$22.54
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$41.57
- Costs to cover
- 0.425%
- Break-even
- 2339.5 days
Slippage from OKX: live order book, 1 min ago; BingX: live order book, 10 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 OKX live order book, 1 min ago | 1.20 bp | 10.5 bp −$11 | 25.2 bp −$252 | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 0.40 bp | 8.0 bp −$8 | 19.7 bp −$197 | 98.6 bp −$9,856 | 338.5 bp −$169.3K |
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 | 0.1240 | −0.394% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1246 | +0.092% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0553% | 1h | 0.1245 | +0.008% | $40K | $139K | 25x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1247 | +0.145% | $39K | $532 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1246 | +0.061% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0018% | 8h | 0.1244 | −0.072% | $59K | $142K | 10x | as long as short |
| Variational Omni OP | +0.0022% | 8h | 0.1249 | +0.366% | $221K | $45K | — | as long as short |
| Kraken Futures PF_OPUSD | +0.0075% | 1h | 0.1247 | +0.141% | $750K | $628K | 20x | as long as short |
| Bybit OPUSDT | +0.0093% | 8h | 0.1244 | −0.056% | $18.3M | $25.5M | 75x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1246 | +0.112% | $289K | $988K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
dYdX OP-USD
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
Variational Omni OP
Kraken Futures PF_OPUSD
Bybit OPUSDT
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX OP-USDT-SWAPlong | +0.0099% | 8h | 0.1245 | long leg | $6.1M | $28.6M | 50x | |
| Hyperliquid OP | +0.0100% | 1h | 0.1246 | +0.096% | $3.4M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1245 | +0.012% | $203K | $218K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1245 | −0.016% | $19.6M | $63.8M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1246 | +0.080% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1245 | −0.016% | $22.7M | $7.7M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1244 | −0.072% | $2.8M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1245 | +0.008% | $5.8M | $6.6M | 75x | as long as short |
| BingX OP-USDTshort | +0.0100% | 8h | 0.1245 | +0.008% | — | $6.6M | — | |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1246 | +0.072% | $105K | $214K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1250 | +0.391% | $379K | $766K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1249 | +0.319% | $306K | $5.3M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1250 | +0.410% | $43K | $705K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1245 | +0.016% | $191 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1246 | +0.104% | $171K | $236K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1244 | −0.042% | $100K | $505K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1245 | −0.018% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0160% | 1h | 0.1247 | +0.169% | $26K | $59K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1245 | −0.008% | $992K | $275K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0443% | 1h | 0.1245 | +0.048% | $693 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
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