OP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.028%

Price spread now: SoDEX against gTrade (Gains Network)−0.093%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)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 0.093% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.093% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.2 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) OP/USD	0.1281	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	39m 08s	—	—	150x
Short	SoDEX OP-USD	0.1280	0.0100	get 0.0013% / 1h	39m 08s	$198	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee SoDEXbpOrdersPrice spread, now −0.093%Rate

Funding earned: $20.06
Price spread: −0.093% → 0.000%: −$9.29
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$7.23
Costs to cover: 0.180%
Break-even: 9.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

gTrade (Gains Network) and 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	−0.1633%	1h	0.1274	−0.530%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1280	−0.036%	$13K	—	100x	as long as short
Deribit OP_USDC-PERPETUAL	−0.0531%	1h	0.1280	−0.062%	$42K	$171K	25x	as long as short
Coinbase International OP-PERP-INTX	−0.0344%	1h	0.1276	−0.374%	$21K	$65K	50x	as long as short
dYdX OP-USD	0.0000%	1h	0.1280	−0.075%	$40K	$519	10x	as long as short
gTrade (Gains Network) OP/USDlong	L +0.0004% / S −0.0004%	1h	0.1281	long leg	—	—	150x
Orderly PERP_OP_USDC	+0.0063%	8h	0.1280	−0.062%	$6K	$50K	10x	as long as short
Variational Omni OP	+0.0072%	8h	0.1280	−0.043%	$234K	$54K	—	as long as short
Lighter OP	+0.0096%	1h	0.1281	+0.032%	$291K	$922K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1282	+0.071%	$4.1M	$2.9M	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster OPUSDT	+0.0100%	8h	0.1280	−0.024%	$214K	$241K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1280	−0.046%	$20.7M	$61.8M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1279	−0.109%	$18.6M	$25.8M	75x	as long as short
OKX OP-USDT-SWAP	+0.0100%	8h	0.1280	−0.054%	$6.1M	$30.4M	50x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1280	−0.038%	$2.0M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1281	−0.015%	$20.3M	$7.3M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1280	−0.062%	$2.9M	$7.4M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1281	+0.016%	$6.1M	$6.3M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1280	−0.077%	—	$6.8M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1280	−0.046%	$125K	$188K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1280	−0.034%	$9K	$382K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1282	+0.103%	$320K	$5.0M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1281	+0.016%	$46K	$721K	50x	as long as short
SoDEX OP-USDshort	+0.0100%	1h	0.1280	−0.093%	$198	$6K	5x
HTX OP-USDT	+0.0100%	8h	0.1280	−0.038%	$177K	$236K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1280	−0.069%	$103K	$186K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1280	−0.073%	$4K	—	3x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1280	−0.023%	$1.0M	$292K	75x	as long as short
Kraken Futures PF_OPUSD	+0.0357%	1h	0.1281	+0.001%	$801K	$745K	20x	as long as short
Reya OPRUSDPERP	+0.0437%	1h	0.1280	−0.076%	$712	—	20x	as long as short