Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: Binance against OKX+0.046%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$440.440% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 7 days−0.039%−$4 · spread now +0.046%, 7d avg +0.035%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX OP-USDT-SWAP | 0.1262 | 0.0100 | pay 0.0100% / 8h | 7h 34m | $6.1M | $30.0M | 50x |
| Short | Binance OPUSDT | 0.1263 | 0.0100 | get 0.0100% / 8h | 7h 34m | $20.4M | $62.0M | 75x |
OKX OP-USDT-SWAP
Binance OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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: +0.046% → +0.035%
- $1.06
- Slippage, 4 orders
- −$23.99
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$42.93
- Costs to cover
- 0.440%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Binance: live order book, 8 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 OKX live order book, 4 min ago | 0.40 bp | 14.4 bp −$14 | 31.3 bp −$313 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.40 bp | 11.4 bp −$11 | 20.2 bp −$202 | 89.4 bp −$8,940 | 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 | −0.1656% | 1h | 0.1257 | −0.420% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1262 | −0.010% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0352% | 1h | 0.1259 | −0.261% | $20K | $63K | 50x | as long as short |
| Bybit OPUSDT | −0.0031% | 8h | 0.1262 | −0.024% | $18.3M | $26.0M | 75x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1260 | −0.198% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1262 | −0.024% | $42K | $171K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1262 | −0.026% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0048% | 8h | 0.1261 | −0.091% | $230K | $47K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0055% | 8h | 0.1261 | −0.103% | $6K | $48K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1263 | +0.071% | $283K | $948K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
Bybit OPUSDT
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OP | +0.0100% | 1h | 0.1264 | +0.158% | $4.0M | $2.9M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1262 | −0.022% | $211K | $236K | 10x | as long as short |
| Binance OPUSDTshort | +0.0100% | 8h | 0.1263 | +0.046% | $20.4M | $62.0M | 75x | |
| OKX OP-USDT-SWAPlong | +0.0100% | 8h | 0.1262 | long leg | $6.1M | $30.0M | 50x | |
| Gate OP_USDT | +0.0100% | 8h | 0.1262 | −0.016% | $1.9M | $1.6M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1263 | +0.024% | $20.1M | $7.3M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1261 | −0.103% | $2.9M | $7.2M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1263 | +0.055% | $6.0M | $6.4M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1262 | −0.024% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1263 | +0.016% | $121K | $189K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1263 | +0.069% | $4K | $390K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1262 | −0.029% | $320K | $5.0M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1264 | +0.135% | $43K | $723K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1262 | −0.032% | $179 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1262 | +0.008% | $174K | $234K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1261 | −0.080% | $101K | $399K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1262 | −0.025% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1262 | −0.063% | $1.0M | $275K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0384% | 1h | 0.1263 | +0.058% | $797K | $754K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0438% | 1h | 0.1261 | −0.087% | $701 | — | 20x | as long as short |
Hyperliquid OP
Aster OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
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
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP