OP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.20 per $10,000 · paid last 24h +0.019%

Price spread now: Bybit against OKX−0.016%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$510.510% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 7 days−0.024%−$2 · spread now −0.016%, 7d avg −0.024%

Together, before fees+0.009%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX OP-USDT-SWAP	0.1262	0.0080	pay 0.0080% / 8h	6h 20m	$6.1M	$29.8M	50x
Short	Bybit OPUSDT	0.1262	0.0100	get 0.0100% / 8h	6h 20m	$18.3M	$26.0M	75x

Funding history

latest

Range statsloading…

Bybit against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee OKXbpFee BybitbpOrdersPrice spread, now −0.016%Rate

Slippage from OKX: live order book, 4 min ago; Bybit: live order book, 4 min ago.

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	17.5 bp −$18	29.9 bp −$299	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.40 bp	10.5 bp −$10	25.0 bp −$250	94.0 bp −$9,398	doesn't fit

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	−0.1535%	1h	0.1261	−0.095%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1261	−0.059%	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0184%	1h	0.1279	+1.331%	$25K	$75K	50x	as long as short
dYdX OP-USD	0.0000%	1h	0.1262	−0.042%	$39K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1261	−0.095%	$42K	$151K	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	+0.0056%	8h	0.1263	+0.045%	$225K	$49K	—	as long as short
Orderly PERP_OP_USDC	+0.0056%	8h	0.1260	−0.174%	$6K	$47K	10x	as long as short
OKX OP-USDT-SWAPlong	+0.0080%	8h	0.1262	long leg	$6.1M	$29.8M	50x
Lighter OP	+0.0096%	1h	0.1262	−0.016%	$280K	$949K	15x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid OP	+0.0100%	1h	0.1262	−0.024%	$3.7M	$3.0M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1261	−0.067%	$211K	$229K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1263	+0.055%	$20.3M	$62.1M	75x	as long as short
Bybit OPUSDTshort	+0.0100%	8h	0.1262	−0.016%	$18.3M	$26.0M	75x
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	0.1262	0.000%	$20.7M	$7.5M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1261	−0.095%	$2.9M	$6.9M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1263	+0.063%	$5.9M	$6.6M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	0.1263	+0.063%	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1261	−0.063%	$124K	$203K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1263	+0.075%	$4K	$388K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1264	+0.137%	$311K	$5.2M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1263	+0.063%	$43K	$704K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1261	−0.111%	$176	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1261	−0.063%	$174K	$225K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1262	+0.005%	$104K	$393K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1261	−0.093%	$3K	$1K	3x	as long as short
Reya OPRUSDPERP	+0.0439%	1h	0.1260	−0.145%	$701	—	20x	as long as short
Kraken Futures PF_OPUSD	+0.0462%	1h	0.1262	+0.004%	$797K	$590K	20x	as long as short