OP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1169%/8h= +128.0% APRnext payment +$1.46 per $10,000 · paid last 24h +0.314%

Price spread now: Extended against GMX−0.176%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Extended

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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.176% cheaper against GMX than usual: you would sell low and buy high (spread −0.176% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 12 hours of funding at the current rate (+$35 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX OP/USD [OP-USDC]	0.1274	L −0.1065% / S +0.0229%	get 0.0133% / 1h	23m 49s	$13K	—	100x
Short	Extended OP-USD	0.1272	0.0104	get 0.0013% / 1h	23m 49s	$102K	$186K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against GMX. 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 GMXbpFee ExtendedbpOrdersPrice spread, now −0.176%Rate

Funding earned: $245.52
Price spread: −0.176% → 0.000%: −$17.59
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $210.93
Costs to cover: 0.170%
Break-even: 1.0 days

Slippage unknown: GMX: no order-book sample; Extended: live order book, 53 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Extended live order book, 53 min ago	11.72 bp	20.8 bp −$21	143.4 bp −$1,434	doesn't fit	doesn't fit

GMX: 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	0.1269	−0.407%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]long	L −0.1065% / S +0.0229%	1h	0.1274	long leg	$13K	—	100x
Coinbase International OP-PERP-INTX	−0.0344%	1h	0.1270	−0.328%	$21K	$65K	50x	as long as short
dYdX OP-USD	0.0000%	1h	0.1275	+0.051%	$39K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1274	−0.014%	$42K	$171K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1274	−0.014%	—	—	150x	as long as short
Orderly PERP_OP_USDC	+0.0062%	8h	0.1273	−0.093%	$6K	$50K	10x	as long as short
Variational Omni OP	+0.0072%	8h	0.1275	+0.076%	$234K	$54K	—	as long as short
Lighter OP	+0.0096%	1h	0.1273	−0.116%	$288K	$942K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1273	−0.093%	$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	0.1274	−0.012%	$213K	$241K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1273	−0.108%	$20.6M	$61.8M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1272	−0.179%	$18.4M	$25.8M	75x	as long as short
OKX OP-USDT-SWAP	+0.0100%	8h	0.1272	−0.179%	$6.0M	$30.3M	50x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1274	−0.022%	$2.0M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1272	−0.148%	$20.1M	$7.3M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1273	−0.093%	$2.9M	$7.3M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1272	−0.171%	$6.1M	$6.3M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1273	−0.116%	—	$6.8M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1273	−0.108%	$124K	$189K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1279	+0.406%	$10K	$382K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1278	+0.297%	$319K	$4.9M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1279	+0.378%	$46K	$722K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1273	−0.085%	$191	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1274	+0.017%	$176K	$235K	50x	as long as short
Extended OP-USDshort	+0.0104%	1h	0.1272	−0.176%	$102K	$186K	25x
Aevo OP-PERP	+0.0104%	1h	0.1273	−0.085%	$4K	—	3x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1274	+0.017%	$1.0M	$279K	75x	as long as short
Kraken Futures PF_OPUSD	+0.0359%	1h	0.1275	+0.030%	$800K	$747K	20x	as long as short
Reya OPRUSDPERP	+0.0438%	1h	0.1273	−0.059%	$708	—	20x	as long as short