Funding you earn now, next payment 06:00 UTC+0.0553%/8h= +60.6% APRnext payment +$0.69 per $10,000 · paid last 24h +0.031%
Price spread now: dYdX against Deribit+0.137%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$17 a day on $10k at the current rate, and dYdX is 0.137% dearer against Deribit than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit OP_USDC-PERPETUAL | 0.1245 | −0.0553 | get 0.0069% / 1h | 27m 41s | $40K | $139K | 25x |
| Short | dYdX OP-USD | 0.1247 | 0 | get 0.0000% / 1h | 27m 41s | $39K | $532 | 10x |
Deribit OP_USDC-PERPETUAL
dYdX OP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Deribit. 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
- $116.13
- Price spread: +0.137% → 0.000%
- $13.65
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $112.78
- Costs to cover
- 0.170%
- Break-even
- 0.2 days
Slippage unknown: Deribit: live order book, 21 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 Deribit live order book, 21 min ago | 3.93 bp | 7.4 bp −$7 | doesn't fit | doesn't fit | 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 | −0.1583% | 1h | 0.1243 | −0.161% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1247 | +0.146% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUALlong | −0.0553% | 1h | 0.1245 | long leg | $40K | $139K | 25x | |
| dYdX OP-USDshort | 0.0000% | 1h | 0.1247 | +0.137% | $39K | $532 | 10x | |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1246 | +0.104% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0018% | 8h | 0.1245 | 0.000% | $59K | $142K | 10x | as long as short |
| Variational Omni OP | +0.0022% | 8h | 0.1249 | +0.358% | $221K | $45K | — | as long as short |
| Kraken Futures PF_OPUSD | +0.0075% | 1h | 0.1248 | +0.204% | $750K | $628K | 20x | as long as short |
| Bybit OPUSDT | +0.0093% | 8h | 0.1245 | 0.000% | $18.4M | $25.5M | 75x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1247 | +0.137% | $289K | $988K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
Variational Omni OP
Kraken Futures PF_OPUSD
Bybit OPUSDT
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX OP-USDT-SWAP | +0.0098% | 8h | 0.1246 | +0.088% | $6.1M | $28.6M | 50x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1246 | +0.048% | $3.4M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1246 | +0.063% | $204K | $218K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1245 | +0.040% | $19.6M | $63.7M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1246 | +0.072% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1246 | +0.048% | $22.7M | $7.6M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1244 | −0.080% | $2.8M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1245 | 0.000% | $5.8M | $6.6M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1246 | +0.080% | — | $6.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1246 | +0.064% | $105K | $214K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1250 | +0.383% | $379K | $766K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1249 | +0.311% | $306K | $5.3M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1250 | +0.402% | $43K | $705K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1246 | +0.080% | $193 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1246 | +0.080% | $171K | $236K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1245 | +0.038% | $100K | $505K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1246 | +0.068% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0160% | 1h | 0.1247 | +0.161% | $26K | $59K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1249 | +0.281% | $993K | $275K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0443% | 1h | 0.1246 | +0.042% | $693 | — | 20x | as long as short |
OKX OP-USDT-SWAP
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
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
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Reya OPRUSDPERP