Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.023%
Price spread now: Extended against BingX−0.021%7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$279as in the Funding arb table
Net, price: spread back to 7d avg − costs−$269as in the Price arb table
costs, in and out, $10k−$2732.726% of the position
Funding, last 7 days−0.065%−$6 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.021%, 7d avg −0.062%
=Together, before fees−0.062%+ Points / potential airdropExtended: Active · farm board−$6 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: Extended is 0.041% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.062%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX OP-USDC | 0.1276 | 0.0100 | pay 0.0100% / 8h | 3h 52m | — | $1.6M | — |
| Short | Extended OP-USD | 0.1276 | 0.0104 | get 0.0013% / 1h | 52m 56s | $102K | $393K | 25x |
BingX OP-USDC
Extended OP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against BingX. 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
- $0.84
- Price spread: −0.021% → −0.062%
- $4.07
- Slippage, 4 orders
- −$257.59
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$267.68
- Costs to cover
- 2.726%
- Break-even
- 2237.7 days
Slippage from BingX: live order book, 4 min ago; Extended: live order book, 65 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 BingX live order book, 4 min ago | 7.89 bp | 105.1 bp −$105 | 844.7 bp −$8,447 | 1143.7 bp −$114.4K | doesn't fit |
| Sell Extended live order book, 65 min ago | 11.89 bp | 21.2 bp −$21 | 145.9 bp −$1,459 | 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 | −0.1568% | 1h | 0.1265 | −0.862% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1276 | +0.008% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1272 | −0.331% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1277 | +0.078% | $42K | $138K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1276 | −0.027% | — | — | 150x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0032% | 1h | 0.1262 | −1.097% | $24K | $62K | 50x | as long as short |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1276 | 0.000% | $6K | $45K | 10x | as long as short |
| Kraken Futures PF_OPUSD | +0.0056% | 1h | 0.1277 | +0.044% | $789K | $549K | 20x | as long as short |
| Variational Omni OP | +0.0060% | 8h | 0.1267 | −0.695% | $224K | $48K | — | as long as short |
| OKX OP-USDT-SWAP | +0.0075% | 8h | 0.1276 | +0.008% | $6.2M | $28.7M | 50x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Coinbase International OP-PERP-INTX
Orderly PERP_OP_USDC
Kraken Futures PF_OPUSD
Variational Omni OP
OKX OP-USDT-SWAPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter OP | +0.0096% | 1h | 0.1277 | +0.102% | $281K | $941K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1278 | +0.141% | $3.7M | $2.8M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1277 | +0.049% | $213K | $216K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1277 | +0.062% | $20.7M | $60.4M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1275 | −0.071% | $18.8M | $24.9M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1277 | +0.047% | $2.0M | $1.4M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1277 | +0.071% | $21.6M | $7.1M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1276 | 0.000% | $2.9M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1276 | 0.000% | $5.9M | $6.5M | 75x | as long as short |
| BingX OP-USDClong | +0.0100% | 8h | 0.1276 | long leg | — | $1.6M | — | |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1276 | +0.031% | $123K | $202K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1270 | −0.448% | $4K | $388K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1269 | −0.554% | $317K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1271 | −0.392% | $44K | $710K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1277 | +0.071% | $208 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1276 | −0.031% | $175K | $226K | 50x | as long as short |
| Extended OP-USDshort | +0.0104% | 1h | 0.1276 | −0.021% | $102K | $393K | 25x | |
| Aevo OP-PERP | +0.0104% | 1h | 0.1277 | +0.039% | $4K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1276 | +0.024% | $1.0M | $282K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0441% | 1h | 0.1275 | −0.111% | $709 | — | 20x | as long as short |
Lighter OP
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit 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
Aevo OP-PERP
BloFin OP-USDT
Reya OPRUSDPERP