Funding you earn now, next payment 08:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.033%
Price spread now: dYdX against BloFin−0.339%92s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 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
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and dYdX is 0.339% cheaper against BloFin than usual: you would sell low and buy high (−$34 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin OP-USDT | 0.1251 | 0.0220 | pay 0.0220% / 8h | 37m 37s | $996K | $323K | 75x |
| Short | dYdX OP-USD | 0.1247 | 0 | get 0.0000% / 1h | 37m 37s | $39K | $522 | 10x |
BloFin OP-USDT
dYdX OP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against BloFin. 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
- −$46.2
- Price spread: −0.339% → 0.000%
- −$33.87
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$102.07
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 9 min ago; dYdX: 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 BloFin live order book, 9 min ago | 0.80 bp | 12.6 bp −$13 | 21.7 bp −$217 | 68.9 bp −$6,892 | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: 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 | −0.1660% | 1h | 0.1243 | −0.639% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.0898% / S +0.0202% | 1h | 0.1248 | −0.202% | $13K | — | 100x | as long as short |
| Orderly PERP_OP_USDC | −0.0054% | 8h | 0.1249 | −0.160% | $12K | $236K | 10x | as long as short |
| dYdX OP-USDshort | 0.0000% | 1h | 0.1247 | −0.339% | $39K | $522 | 10x | |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1249 | −0.160% | $32K | $154K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1249 | −0.160% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0039% | 8h | 0.1252 | +0.040% | $221K | $47K | — | as long as short |
| KuCoin OPUSDTM | +0.0059% | 8h | 0.1246 | −0.400% | $2.8M | $6.2M | 75x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0080% | 1h | 0.1250 | −0.080% | $24K | $65K | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1247 | −0.280% | $287K | $1.1M | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Orderly PERP_OP_USDC
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
KuCoin OPUSDTM
Coinbase International OP-PERP-INTX
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1247 | −0.336% | $3.5M | $3.7M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1247 | −0.306% | $205K | $210K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1247 | −0.320% | $19.7M | $67.2M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1246 | −0.360% | $18.3M | $26.1M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1247 | −0.280% | $6.0M | $29.3M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1247 | −0.304% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1247 | −0.336% | $22.2M | $7.8M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1246 | −0.400% | $5.6M | $6.9M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1248 | −0.240% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1246 | −0.376% | $115K | $219K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1252 | +0.064% | $4K | $1.1M | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1252 | +0.080% | $305K | $5.2M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1253 | +0.160% | $43K | $697K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1247 | −0.296% | $206 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1248 | −0.208% | $166K | $259K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1246 | −0.368% | $100K | $600K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1248 | −0.208% | $3K | $1K | 3x | as long as short |
| Kraken Futures PF_OPUSD | +0.0165% | 1h | 0.1248 | −0.211% | $744K | $670K | 20x | as long as short |
| BloFin OP-USDTlong | +0.0220% | 8h | 0.1251 | long leg | $996K | $323K | 75x | |
| Reya OPRUSDPERP | +0.0444% | 1h | 0.1249 | −0.132% | $695 | — | 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-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
Kraken Futures PF_OPUSD
Reya OPRUSDPERP