OP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.021%

Price spread now: Gate against OKX+0.103%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$660.660% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 7 days−0.141%−$14 · spread now +0.103%, 7d avg +0.003%

Together, before fees−0.222%−$22 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.100% dearer against OKX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX OP-USDT-SWAP	0.1259	0.0092	pay 0.0092% / 8h	2h 07m	$5.9M	$29.8M	50x
Short	Gate OP_USDT	0.1260	0.0100	get 0.0100% / 8h	2h 07m	$1.8M	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee GatebpOrdersPrice spread, now +0.103%Rate

Funding earned: $1.72
Price spread: +0.103% → +0.003%: $9.99
Slippage, 4 orders: −$40.99
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$54.27
Costs to cover: 0.660%
Break-even: 227.6 days

Slippage from OKX: live order book, 2 min ago; Gate: 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, 2 min ago	0.40 bp	9.8 bp −$10	25.5 bp −$255	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	7.15 bp	23.3 bp −$23	55.3 bp −$553	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	−0.1658%	1h	0.1254	−0.365%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1259	+0.005%	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0328%	1h	0.1243	−1.239%	$21K	$64K	50x	as long as short
dYdX OP-USD	0.0000%	1h	0.1261	+0.226%	$39K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1259	+0.032%	$42K	$171K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1260	+0.098%	—	—	150x	as long as short
Variational Omni OP	+0.0035%	8h	0.1260	+0.081%	$230K	$44K	—	as long as short
Orderly PERP_OP_USDC	+0.0042%	8h	0.1258	−0.048%	$6K	$50K	10x	as long as short
OKX OP-USDT-SWAPlong	+0.0092%	8h	0.1259	long leg	$5.9M	$29.8M	50x
Lighter OP	+0.0096%	1h	0.1259	+0.056%	$270K	$908K	15x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid OP	+0.0100%	1h	0.1260	+0.111%	$4.1M	$3.0M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1260	+0.092%	$212K	$241K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1258	−0.037%	$20.4M	$62.6M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1258	−0.056%	$18.3M	$25.4M	75x	as long as short
Gate OP_USDTshort	+0.0100%	8h	0.1260	+0.103%	$1.8M	$1.5M	50x
MEXC OP_USDT	+0.0100%	8h	0.1258	−0.048%	$20.0M	$7.3M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1259	+0.032%	$2.9M	$7.6M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1259	+0.032%	$6.0M	$6.2M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	0.1259	+0.032%	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1258	−0.064%	$124K	$194K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1261	+0.191%	$11K	$382K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1261	+0.191%	$312K	$5.1M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1262	+0.270%	$45K	$720K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1258	−0.032%	$171	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1261	+0.222%	$174K	$232K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1258	−0.037%	$101K	$186K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1259	−0.006%	$4K	—	3x	as long as short
Kraken Futures PF_OPUSD	+0.0136%	1h	0.1260	+0.107%	$779K	$732K	20x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1260	+0.079%	$1.0M	$281K	75x	as long as short
Reya OPRUSDPERP	+0.0436%	1h	0.1259	+0.043%	$700	—	20x	as long as short