Funding you earn now, next payment 00:00 UTC−0.0452%/8h= −49.5% APRpaid last 24h −0.144%
Price spread now: Coinbase International against Aster−0.223%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.341%−$34 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Coinbase International is 0.223% cheaper against Aster than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster OPUSDT | 0.1273 | 0.0100 | pay 0.0100% / 8h | 7h 57m | $213K | $236K | 10x |
| Short | Coinbase International OP-PERP-INTX | 0.1270 | −0.0352 | pay 0.0044% / 1h | 57m 55s | $21K | $65K | 50x |
Aster OPUSDT
Coinbase International OP-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Aster. 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
- −$94.92
- Price spread: −0.223% → 0.000%
- −$22.33
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$135.25
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Aster: live order book, 14 min ago; Coinbase International: 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 Aster live order book, 14 min ago | 11.80 bp | 32.4 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Coinbase International: 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 | −0.1656% | 1h | 0.1269 | −0.302% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1274 | +0.056% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0536% | 1h | 0.1271 | −0.145% | $42K | $171K | 25x | as long as short |
| Coinbase International OP-PERP-INTXshort | −0.0352% | 1h | 0.1270 | −0.223% | $21K | $65K | 50x | |
| dYdX OP-USD | 0.0000% | 1h | 0.1275 | +0.155% | $39K | $519 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1274 | +0.074% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0059% | 8h | 0.1272 | −0.066% | $6K | $49K | 10x | as long as short |
| Variational Omni OP | +0.0061% | 8h | 0.1273 | +0.034% | $232K | $47K | — | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1273 | +0.044% | $289K | $939K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1274 | +0.060% | $4.1M | $2.9M | 5x | 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
Lighter OP
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDTlong | +0.0100% | 8h | 0.1273 | long leg | $213K | $236K | 10x | |
| Binance OPUSDT | +0.0100% | 8h | 0.1271 | −0.168% | $20.5M | $62.0M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1270 | −0.247% | $18.5M | $26.1M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1271 | −0.145% | $6.0M | $30.2M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1272 | −0.082% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1270 | −0.223% | $20.1M | $7.2M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1271 | −0.145% | $2.9M | $7.3M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1271 | −0.145% | $6.1M | $6.4M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1271 | −0.145% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1272 | −0.090% | $123K | $188K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1274 | +0.107% | $9K | $386K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1275 | +0.168% | $323K | $4.8M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1275 | +0.169% | $46K | $721K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1272 | −0.090% | $183 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1276 | +0.217% | $176K | $234K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1270 | −0.236% | $102K | $182K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1273 | 0.000% | $4K | — | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1273 | −0.019% | $1.0M | $277K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0381% | 1h | 0.1274 | +0.077% | $801K | $749K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0438% | 1h | 0.1273 | +0.035% | $708 | — | 20x | as long as short |
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
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
Kraken Futures PF_OPUSD
Reya OPRUSDPERP