Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against KuCoin+0.056%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1081.084% of the position
Funding, last 7 days−0.146%−$15 on $10k
+Price spread, last 7 days−0.011%−$1 · spread now +0.056%, 7d avg +0.024%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.032% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.024%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin OPUSDTM | 0.1249 | 0.0100 | pay 0.0100% / 8h | 2h 30m | $2.8M | $6.4M | 75x |
| Short | Gate OP_USDT | 0.1250 | 0.0100 | get 0.0100% / 8h | 2h 30m | $2.0M | $1.5M | 50x |
KuCoin OPUSDTM
Gate OP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against KuCoin. 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
- Price spread: +0.056% → +0.024%
- $3.25
- Slippage, 4 orders
- −$81.39
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$105.14
- Costs to cover
- 1.084%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; Gate: live order book, 2 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 KuCoin live order book, 3 min ago | 3.99 bp | 38.7 bp −$39 | 93.6 bp −$936 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 2.79 bp | 19.1 bp −$19 | 62.1 bp −$621 | doesn't fit | doesn't fit |
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 | 0.1247 | −0.160% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1251 | +0.139% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1249 | +0.008% | $39K | $532 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1250 | +0.080% | $40K | $139K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1250 | +0.080% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0020% | 8h | 0.1249 | 0.000% | $59K | $142K | 10x | as long as short |
| Variational Omni OP | +0.0022% | 8h | 0.1249 | +0.037% | $221K | $45K | — | as long as short |
| Kraken Futures PF_OPUSD | +0.0075% | 1h | 0.1251 | +0.133% | $752K | $628K | 20x | as long as short |
| Bybit OPUSDT | +0.0096% | 8h | 0.1249 | +0.016% | $18.4M | $25.5M | 75x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1251 | +0.128% | $290K | $988K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
Variational Omni OP
Kraken Futures PF_OPUSD
Bybit OPUSDT
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX OP-USDT-SWAP | +0.0097% | 8h | 0.1250 | +0.040% | $6.2M | $28.6M | 50x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1251 | +0.128% | $3.4M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1249 | −0.005% | $204K | $218K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1250 | +0.048% | $19.6M | $63.7M | 75x | as long as short |
| Gate OP_USDTshort | +0.0100% | 8h | 0.1250 | +0.056% | $2.0M | $1.5M | 50x | |
| MEXC OP_USDT | +0.0100% | 8h | 0.1250 | +0.064% | $22.8M | $7.6M | 300x | as long as short |
| KuCoin OPUSDTMlong | +0.0100% | 8h | 0.1249 | long leg | $2.8M | $6.4M | 75x | |
| Bitget OPUSDT | +0.0100% | 8h | 0.1249 | 0.000% | $5.8M | $6.6M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1249 | 0.000% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1250 | +0.104% | $105K | $215K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1251 | +0.178% | $379K | $770K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1252 | +0.276% | $317K | $5.2M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1253 | +0.320% | $43K | $704K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1249 | +0.032% | $195 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1249 | +0.008% | $171K | $236K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1249 | +0.001% | $100K | $505K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1249 | 0.000% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0160% | 1h | 0.1245 | −0.320% | $26K | $59K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1251 | +0.144% | $995K | $276K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0443% | 1h | 0.1250 | +0.052% | $695 | — | 20x | as long as short |
OKX OP-USDT-SWAP
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Reya OPRUSDPERP