OP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.065%

Price spread now: SoDEX against Deribit−0.032%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. SoDEX is 0.032% cheaper against Deribit than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 26 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit OP_USDC-PERPETUAL	0.1254	0	get 0.0000% / 1h	29m 41s	$32K	$154K	25x
Short	SoDEX OP-USD	0.1254	0.0100	get 0.0013% / 1h	29m 41s	$201	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee SoDEXbpOrdersPrice spread, now −0.032%Rate

Funding earned: $21
Price spread: −0.032% → 0.000%: −$3.19
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $2.81
Costs to cover: 0.150%
Break-even: 6.1 days

Slippage unknown: Deribit: live order book, 14 min ago; SoDEX: 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, 14 min ago	7.92 bp	11.4 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.1760%	1h	0.1255	+0.080%	$35K	$59K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.0898% / S +0.0202%	1h	0.1260	+0.505%	$13K	—	100x	as long as short
Orderly PERP_OP_USDC	−0.0050%	8h	0.1254	0.000%	$59K	$177K	10x	as long as short
Kraken Futures PF_OPUSD	−0.0034%	1h	0.1255	+0.081%	$751K	$656K	20x	as long as short
Variational Omni OP	−0.0014%	8h	0.1259	+0.385%	$222K	$46K	—	as long as short
dYdX OP-USD	0.0000%	1h	0.1255	+0.062%	$39K	$522	10x	as long as short
Deribit OP_USDC-PERPETUALlong	0.0000%	1h	0.1254	long leg	$32K	$154K	25x
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1259	+0.411%	—	—	150x	as long as short
Coinbase International OP-PERP-INTX	+0.0032%	1h	0.1253	−0.080%	$24K	$64K	50x	as long as short
Bybit OPUSDT	+0.0056%	8h	0.1253	−0.048%	$18.4M	$26.0M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin OPUSDTM	+0.0060%	8h	0.1253	−0.080%	$2.8M	$6.3M	75x	as long as short
OKX OP-USDT-SWAP	+0.0080%	8h	0.1254	0.000%	$6.1M	$29.5M	50x	as long as short
Lighter OP	+0.0096%	1h	0.1254	+0.024%	$275K	$1.1M	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1255	+0.056%	$3.5M	$3.7M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1254	+0.031%	$208K	$219K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1254	+0.027%	$19.8M	$66.6M	75x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1254	+0.008%	$2.0M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1254	−0.024%	$22.4M	$8.0M	300x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1253	−0.080%	$5.7M	$6.8M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1254	−0.032%	—	$6.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1254	−0.016%	$106K	$215K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1260	+0.478%	$382K	$768K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1261	+0.558%	$311K	$5.3M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1261	+0.558%	$43K	$700K	50x	as long as short
SoDEX OP-USDshort	+0.0100%	1h	0.1254	−0.032%	$201	$6K	5x
HTX OP-USDT	+0.0100%	8h	0.1253	−0.048%	$170K	$253K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1253	−0.046%	$100K	$506K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1254	0.000%	$3K	$1K	3x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1260	+0.439%	$999K	$326K	75x	as long as short
Reya OPRUSDPERP	+0.0443%	1h	0.1253	−0.100%	$697	—	20x	as long as short