Funding you earn now, next payment 09:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.029%
Price spread now: gTrade (Gains Network) against SoDEX+0.023%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
The price spread pays, funding is against you. gTrade (Gains Network) is 0.023% dearer against SoDEX than usual: you sell high and buy low (spread +0.023% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 19 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX OP-USD | 0.1243 | 0.0100 | pay 0.0013% / 1h | 36m 59s | $190 | $6K | 5x |
| Short | gTrade (Gains Network) OP/USD | 0.1244 | L +0.0004% / S −0.0004% | get 0.0000% / 1h | 36m 59s | — | — | 150x |
SoDEX OP-USD
gTrade (Gains Network) OP/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against SoDEX. 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
- −$20.17
- Price spread: +0.023% → 0.000%
- $2.25
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$35.92
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; gTrade (Gains Network): 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
SoDEX and gTrade (Gains Network): 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 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 | −0.1328% | 1h | 0.1235 | −0.676% | $34K | $63K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1164% / S +0.0246% | 1h | 0.1244 | +0.038% | $13K | — | 100x | as long as short |
| Orderly PERP_OP_USDC | −0.0049% | 8h | 0.1244 | +0.048% | $12K | $235K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1244 | +0.055% | $38K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1244 | +0.048% | $31K | $165K | 25x | as long as short |
| gTrade (Gains Network) OP/USDshort | L +0.0004% / S −0.0004% | 1h | 0.1244 | +0.023% | — | — | 150x | |
| KuCoin OPUSDTM | +0.0007% | 8h | 0.1242 | −0.113% | $2.9M | $6.1M | 75x | as long as short |
| GRVT OP_USDT_Perp | +0.0040% | 8h | 0.1247 | +0.290% | $308K | $5.3M | 10x | as long as short |
| Variational Omni OP | +0.0058% | 8h | 0.1247 | +0.309% | $221K | $47K | — | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1245 | +0.121% | $287K | $1.1M | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Orderly PERP_OP_USDC
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
KuCoin OPUSDTM
GRVT OP_USDT_Perp
Variational Omni OP
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1244 | +0.040% | $3.5M | $3.7M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1243 | −0.012% | $204K | $214K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1242 | −0.129% | $19.5M | $68.7M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1242 | −0.145% | $18.1M | $26.5M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1241 | −0.161% | $6.0M | $29.4M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1242 | −0.097% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1242 | −0.113% | $22.1M | $7.7M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1243 | −0.032% | $5.7M | $6.9M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1242 | −0.113% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1243 | −0.016% | $116K | $222K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1248 | +0.386% | $4K | $1.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1248 | +0.370% | $43K | $693K | 50x | as long as short |
| SoDEX OP-USDlong | +0.0100% | 1h | 0.1243 | long leg | $190 | $6K | 5x | |
| HTX OP-USDT | +0.0100% | 8h | 0.1244 | +0.080% | $165K | $259K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1241 | −0.159% | $99K | $612K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1244 | +0.048% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0112% | 1h | 0.1244 | +0.048% | $25K | $69K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.0156% | 1h | 0.1245 | +0.128% | $746K | $713K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1244 | +0.016% | $991K | $323K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0445% | 1h | 0.1243 | +0.007% | $691 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
ApeX Omni OPUSDT
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
Kraken Futures PF_OPUSD
BloFin OP-USDT
Reya OPRUSDPERP