OP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h −0.091%

Price spread now: Coinbase International against Extended−1.153%7-day average — · you buy dearer than you sell

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

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.254%−$25 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Coinbase International is 1.153% cheaper against Extended than usual: you would sell low and buy high (spread −1.153% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$115 on $10k: about 2 months of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.254%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended OP-USD	0.1260	0.0104	pay 0.0013% / 1h	35m 11s	$101K	$505K	25x
Short	Coinbase International OP-PERP-INTX	0.1245	0.0160	get 0.0020% / 1h	35m 11s	$26K	$59K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now −1.153%Rate

Funding earned: $11.76
Price spread: −1.153% → 0.000%: −$115.25
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$118.49
Costs to cover: 0.150%
Break-even: 77.5 days

Slippage unknown: Extended: live order book, 13 min ago; Coinbase International: 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 Extended live order book, 13 min ago	11.80 bp	21.0 bp −$21	140.6 bp −$1,406	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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	0.1253	−0.517%	$35K	$59K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1261	+0.121%	$13K	—	100x	as long as short
dYdX OP-USD	0.0000%	1h	0.1263	+0.253%	$39K	$532	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1261	+0.118%	$40K	$139K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1261	+0.094%	—	—	150x	as long as short
Orderly PERP_OP_USDC	+0.0025%	8h	0.1259	−0.041%	$59K	$142K	10x	as long as short
Variational Omni OP	+0.0030%	8h	0.1257	−0.195%	$222K	$48K	—	as long as short
Kraken Futures PF_OPUSD	+0.0074%	1h	0.1262	+0.163%	$758K	$624K	20x	as long as short
Lighter OP	+0.0096%	1h	0.1261	+0.134%	$291K	$987K	15x	as long as short
OKX OP-USDT-SWAP	+0.0097%	8h	0.1258	−0.089%	$6.2M	$28.8M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid OP	+0.0100%	1h	0.1262	+0.205%	$3.5M	$2.8M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1261	+0.101%	$208K	$218K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1260	+0.052%	$19.8M	$63.6M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1258	−0.112%	$18.6M	$25.4M	75x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1261	+0.086%	$2.0M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1261	+0.142%	$23.1M	$7.6M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1260	+0.038%	$2.9M	$6.4M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1260	+0.038%	$5.8M	$6.6M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	0.1260	+0.038%	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1259	−0.041%	$106K	$215K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1256	−0.300%	$380K	$769K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1259	−0.041%	$319K	$5.2M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1258	−0.120%	$43K	$703K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1260	+0.070%	$192	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1260	+0.062%	$173K	$236K	50x	as long as short
Extended OP-USDlong	+0.0104%	1h	0.1260	long leg	$101K	$505K	25x
Aevo OP-PERP	+0.0104%	1h	0.1260	+0.038%	$3K	$1K	3x	as long as short
Coinbase International OP-PERP-INTXshort	+0.0160%	1h	0.1245	−1.153%	$26K	$59K	50x
BloFin OP-USDT	+0.0220%	8h	0.1259	−0.033%	$1.0M	$278K	75x	as long as short
Reya OPRUSDPERP	+0.0442%	1h	0.1261	+0.143%	$701	—	20x	as long as short