Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.019%
Price spread now: Bybit against OKX−0.032%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$530.533% of the position
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 7 days−0.010%−$1 · spread now −0.032%, 7d avg −0.023%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX OP-USDT-SWAP | 0.1249 | 0.0100 | pay 0.0100% / 8h | 1h 02m | $6.0M | $29.4M | 50x |
| Short | Bybit OPUSDT | 0.1249 | 0.0100 | get 0.0100% / 8h | 1h 02m | $18.3M | $26.1M | 75x |
OKX OP-USDT-SWAP
Bybit OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- Price spread: −0.032% → −0.023%
- −$0.86
- Slippage, 4 orders
- −$32.25
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$54.11
- Costs to cover
- 0.533%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; Bybit: live order book, 1 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 | 0.40 bp | 11.9 bp −$12 | 32.1 bp −$321 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.80 bp | 11.6 bp −$12 | 27.8 bp −$278 | 86.0 bp −$8,600 | 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 | 0.1244 | −0.424% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.0898% / S +0.0202% | 1h | 0.1250 | +0.093% | $13K | — | 100x | as long as short |
| Orderly PERP_OP_USDC | −0.0055% | 8h | 0.1251 | +0.136% | $12K | $236K | 10x | as long as short |
| Kraken Futures PF_OPUSD | −0.0034% | 1h | 0.1251 | +0.165% | $751K | $666K | 20x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1251 | +0.118% | $39K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1251 | +0.136% | $32K | $154K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1251 | +0.130% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0016% | 8h | 0.1255 | +0.451% | $222K | $47K | — | as long as short |
| Coinbase International OP-PERP-INTX | +0.0032% | 1h | 0.1251 | +0.136% | $24K | $65K | 50x | as long as short |
| KuCoin OPUSDTM | +0.0066% | 8h | 0.1249 | −0.024% | $2.8M | $6.2M | 75x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Orderly PERP_OP_USDC
Kraken Futures PF_OPUSD
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
Coinbase International OP-PERP-INTX
KuCoin OPUSDTMShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter OP | +0.0096% | 1h | 0.1250 | +0.072% | $274K | $1.1M | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1250 | +0.072% | $3.5M | $3.7M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1250 | +0.088% | $205K | $210K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1249 | −0.014% | $19.7M | $67.1M | 75x | as long as short |
| Bybit OPUSDTshort | +0.0100% | 8h | 0.1249 | −0.032% | $18.3M | $26.1M | 75x | |
| OKX OP-USDT-SWAPlong | +0.0100% | 8h | 0.1249 | long leg | $6.0M | $29.4M | 50x | |
| Gate OP_USDT | +0.0100% | 8h | 0.1250 | +0.080% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1249 | 0.000% | $22.4M | $8.0M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1249 | −0.024% | $5.7M | $6.9M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1250 | +0.056% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1250 | +0.064% | $115K | $220K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1254 | +0.369% | $4K | $1.1M | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1253 | +0.286% | $310K | $5.2M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1255 | +0.456% | $43K | $697K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1250 | +0.072% | $206 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1251 | +0.168% | $167K | $255K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1249 | −0.060% | $108K | $519K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1250 | +0.075% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1250 | +0.048% | $990K | $323K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0444% | 1h | 0.1250 | +0.095% | $695 | — | 20x | as long as short |
Lighter OP
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Gate OP_USDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDC
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