Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.028%
Price spread now: Extended against edgeX+0.021%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$680.678% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 4 days (all we have)−0.742%−$74 · spread now +0.021%, 7d avg −0.030%
=Together, before fees−0.813%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$81 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 0.051% dearer against edgeX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.030%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX OPUSDC | 0.1264 | 0.0100 | pay 0.0050% / 4h | 2h 00m | $4K | $389K | 10x |
| Short | Extended OP-USD | 0.1264 | 0.0104 | get 0.0013% / 1h | 0m 46s | $101K | $392K | 25x |
edgeX OPUSDC
Extended OP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against edgeX. 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% → −0.030%
- $5.12
- Slippage, 4 orders
- −$53.77
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$61.8
- Costs to cover
- 0.678%
- Break-even
- 522.0 days
Slippage from edgeX: live order book, 3 min ago; Extended: live order book, 67 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 edgeX live order book, 3 min ago | 3.96 bp | 11.3 bp −$11 | 129.2 bp −$1,292 | doesn't fit | doesn't fit |
| Sell Extended live order book, 67 min ago | 11.74 bp | 20.9 bp −$21 | 143.9 bp −$1,439 | doesn't fit | doesn't fit |
OP on 29 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 | −0.1535% | 1h | 0.1258 | −0.468% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1265 | +0.095% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0184% | 1h | 0.1279 | +1.194% | $25K | $72K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1265 | +0.074% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1266 | +0.165% | $42K | $151K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1265 | +0.062% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0053% | 8h | 0.1264 | +0.007% | $6K | $46K | 10x | as long as short |
| Variational Omni OP | +0.0055% | 8h | 0.1264 | −0.022% | $223K | $50K | — | as long as short |
| OKX OP-USDT-SWAP | +0.0060% | 8h | 0.1264 | +0.031% | $6.1M | $29.2M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1265 | +0.126% | $281K | $949K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
Variational Omni OP
OKX OP-USDT-SWAP
Lighter OPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1265 | +0.118% | $3.7M | $3.0M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1266 | +0.138% | $211K | $229K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1265 | +0.070% | $20.3M | $61.0M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1264 | +0.015% | $18.4M | $25.5M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1266 | +0.157% | $2.0M | $1.6M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1265 | +0.086% | $20.7M | $7.5M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1263 | −0.072% | $2.9M | $6.8M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1265 | +0.086% | $5.9M | $6.5M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1265 | +0.086% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1264 | +0.039% | $121K | $196K | 10x | as long as short |
| edgeX OPUSDClong | +0.0100% | 4h | 0.1264 | long leg | $4K | $389K | 10x | |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1263 | −0.034% | $311K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1265 | +0.086% | $43K | $705K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1265 | +0.078% | $186 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1265 | +0.078% | $175K | $221K | 50x | as long as short |
| Extended OP-USDshort | +0.0104% | 1h | 0.1264 | +0.021% | $101K | $392K | 25x | |
| Aevo OP-PERP | +0.0104% | 1h | 0.1265 | +0.047% | $3K | $1K | 3x | as long as short |
| Reya OPRUSDPERP | +0.0440% | 1h | 0.1264 | +0.024% | $703 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0461% | 1h | 0.1266 | +0.166% | $799K | $583K | 20x | as long as short |
Hyperliquid OP
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
Aevo OP-PERP
Reya OPRUSDPERP
Kraken Futures PF_OPUSD