Funding you earn now, next payment 03:00 UTC+0.0639%/8h= +70.0% APRpaid last 24h +0.065%
Price spread now: edgeX against Deribit+0.315%7-day average −0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$490.489% of the position
Funding, last 7 days+0.284%+$28 on $10k
+Price spread, last 4 days (all we have)−0.745%−$74 · spread now +0.315%, 7d avg −0.053%
=Together, before fees−0.461%+ Points / potential airdropedgeX: Active · farm board−$46 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and edgeX is 0.368% dearer against Deribit than usual: you sell high and buy low: +$37 more if the spread goes back to its 7-day average of −0.053%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.284% in total (about 15.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit OP_USDC-PERPETUAL | 0.1266 | −0.0539 | get 0.0067% / 1h | 8m 46s | $42K | $151K | 25x |
| Short | edgeX OPUSDC | 0.1270 | 0.0100 | get 0.0050% / 4h | 1h 08m | $4K | $389K | 10x |
Deribit OP_USDC-PERPETUAL
edgeX OPUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $134.19
- Price spread: +0.315% → −0.053%
- $36.85
- Slippage, 4 orders
- −$32.89
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $122.14
- Costs to cover
- 0.489%
- Break-even
- 0.6 days
Slippage from Deribit: live order book, 55 min ago; edgeX: live order book, 55 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 Deribit live order book, 55 min ago | 7.91 bp | 11.4 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 55 min ago | 3.96 bp | 14.8 bp −$15 | 157.9 bp −$1,579 | 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 | −0.1488% | 1h | 0.1262 | −0.316% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1266 | +0.032% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUALlong | −0.0539% | 1h | 0.1266 | long leg | $42K | $151K | 25x | |
| dYdX OP-USD | 0.0000% | 1h | 0.1267 | +0.079% | $39K | $519 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1267 | +0.069% | — | — | 150x | as long as short |
| OKX OP-USDT-SWAP | +0.0031% | 8h | 0.1267 | +0.055% | $6.2M | $28.9M | 50x | as long as short |
| Variational Omni OP | +0.0051% | 8h | 0.1269 | +0.269% | $224K | $50K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0053% | 8h | 0.1266 | 0.000% | $6K | $44K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1268 | +0.166% | $280K | $936K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1269 | +0.213% | $3.7M | $3.0M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
gTrade (Gains Network) OP/USD
OKX OP-USDT-SWAP
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OP
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1267 | +0.058% | $212K | $229K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1267 | +0.065% | $20.4M | $60.7M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1266 | +0.032% | $18.5M | $25.3M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1267 | +0.079% | $2.0M | $1.6M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1266 | +0.016% | $20.9M | $7.1M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1265 | −0.079% | $2.9M | $6.7M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1267 | +0.079% | $5.9M | $6.5M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1267 | +0.079% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1266 | −0.032% | $121K | $194K | 10x | as long as short |
| edgeX OPUSDCshort | +0.0100% | 4h | 0.1270 | +0.315% | $4K | $389K | 10x | |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1271 | +0.384% | $313K | $4.8M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1273 | +0.553% | $44K | $707K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1266 | +0.024% | $184 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1267 | +0.047% | $175K | $216K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1266 | −0.027% | $106K | $389K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1267 | +0.039% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0152% | 1h | 0.1278 | +0.948% | $25K | $71K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1266 | +0.008% | $1.0M | $278K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0440% | 1h | 0.1266 | −0.032% | $704 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0489% | 1h | 0.1268 | +0.129% | $800K | $571K | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
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
Kraken Futures PF_OPUSD