Funding you earn now, next payment 02:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h −0.001%
Price spread now: Extended against OKX+0.012%7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$660.662% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)−0.106%−$11 · spread now +0.012%, 7d avg −0.035%
=Together, before fees−0.094%+ Points / potential airdropExtended: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Extended is 0.048% dearer against OKX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.035%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX OP-USDT-SWAP | 0.1253 | 0.0091 | pay 0.0091% / 8h | 6h 45m | $6.1M | $29.9M | 50x |
| Short | Extended OP-USD | 0.1253 | 0.0104 | get 0.0013% / 1h | 45m 45s | $101K | $389K | 25x |
OKX OP-USDT-SWAP
Extended OP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $2.64
- Price spread: +0.012% → −0.035%
- $4.77
- Slippage, 4 orders
- −$51.17
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$58.75
- Costs to cover
- 0.662%
- Break-even
- 162.5 days
Slippage from OKX: live order book, 3 min ago; Extended: live order book, 22 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, 3 min ago | 0.40 bp | 12.5 bp −$12 | 30.8 bp −$308 | doesn't fit | doesn't fit |
| Sell Extended live order book, 22 min ago | 11.74 bp | 20.9 bp −$21 | 143.9 bp −$1,439 | 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 | −0.1535% | 1h | 0.1252 | −0.088% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1255 | +0.169% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0184% | 1h | 0.1279 | +2.067% | $25K | $77K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1255 | +0.152% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1255 | +0.152% | $41K | $151K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1255 | +0.166% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0050% | 8h | 0.1254 | +0.040% | $223K | $52K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0058% | 8h | 0.1255 | +0.152% | $6K | $48K | 10x | as long as short |
| OKX OP-USDT-SWAPlong | +0.0091% | 8h | 0.1253 | long leg | $6.1M | $29.9M | 50x | |
| Lighter OP | +0.0096% | 1h | 0.1255 | +0.152% | $280K | $947K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1262 | +0.710% | $43K | $725K | 50x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1255 | +0.112% | $3.8M | $3.0M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1255 | +0.176% | $210K | $231K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1254 | +0.106% | $20.2M | $62.6M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1253 | −0.016% | $18.2M | $26.2M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1255 | +0.160% | $1.9M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1255 | +0.120% | $20.4M | $7.4M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1253 | −0.008% | $2.9M | $7.0M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1254 | +0.072% | $5.9M | $6.6M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1254 | +0.072% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1254 | +0.088% | $121K | $201K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1262 | +0.677% | $4K | $389K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1262 | +0.673% | $312K | $5.2M | 10x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1255 | +0.176% | $173 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1256 | +0.207% | $173K | $235K | 50x | as long as short |
| Extended OP-USDshort | +0.0104% | 1h | 0.1253 | +0.012% | $101K | $389K | 25x | |
| Aevo OP-PERP | +0.0104% | 1h | 0.1255 | +0.142% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1261 | +0.638% | $1.0M | $276K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0439% | 1h | 0.1254 | +0.092% | $697 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0464% | 1h | 0.1257 | +0.290% | $794K | $617K | 20x | as long as short |
ApeX Omni OPUSDT
Hyperliquid OP
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
SoDEX OP-USD
HTX OP-USDT
Aevo OP-PERP
BloFin OP-USDT
Reya OPRUSDPERP
Kraken Futures PF_OPUSD