Funding you earn now, next payment 00:00 UTC+0.0104%/8hnext payment +$1.04 per $10,000 · paid last 24h −0.001%
Price spread now: Binance against Orderly+0.035%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.079%+$8 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.035% dearer against Orderly than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_OP_USDC | 0.1237 | −0.0004 | get 0.0004% / 8h | 4h 06m | $6K | $52K | 10x |
| Short | Binance OPUSDT | 0.1237 | 0.0100 | get 0.0100% / 8h | 4h 06m | $19.5M | $63.5M | 75x |
Orderly PERP_OP_USDC
Binance OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Orderly. 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
- $21.76
- Price spread: +0.035% → 0.000%
- $3.48
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $9.24
- Costs to cover
- 0.160%
- Break-even
- 4.0 days
Slippage unknown: Orderly: no order-book sample; Binance: live order book, 11 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 11 min ago | 0.40 bp | 10.9 bp −$11 | 26.9 bp −$269 | 104.6 bp −$10.5K | doesn't fit |
Orderly: 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 | −0.1650% | 1h | 0.1234 | −0.243% | $34K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1066% / S +0.0229% | 1h | 0.1238 | +0.048% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0312% | 1h | 0.1237 | 0.000% | $21K | $66K | 50x | as long as short |
| Variational Omni OP | −0.0046% | 8h | 0.1238 | +0.101% | $226K | $42K | — | as long as short |
| Orderly PERP_OP_USDClong | −0.0004% | 8h | 0.1237 | long leg | $6K | $52K | 10x | |
| dYdX OP-USD | 0.0000% | 1h | 0.1239 | +0.161% | $38K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1238 | +0.081% | $43K | $184K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1238 | +0.074% | — | — | 150x | as long as short |
| Gate OP_USDT | +0.0070% | 8h | 0.1237 | 0.000% | $1.8M | $1.4M | 50x | as long as short |
| OKX OP-USDT-SWAP | +0.0092% | 8h | 0.1237 | +0.008% | $5.8M | $29.5M | 50x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
Variational Omni OP
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Gate OP_USDT
OKX OP-USDT-SWAPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter OP | +0.0096% | 1h | 0.1239 | +0.146% | $267K | $900K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1239 | +0.178% | $3.8M | $3.0M | 5x | as long as short |
| Aster OPUSDT | +0.0100% | 8h | 0.1238 | +0.091% | $210K | $266K | 10x | as long as short |
| Binance OPUSDTshort | +0.0100% | 8h | 0.1237 | +0.035% | $19.5M | $63.5M | 75x | |
| Bybit OPUSDT | +0.0100% | 8h | 0.1236 | −0.040% | $18.1M | $26.1M | 75x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1238 | +0.049% | $19.8M | $7.3M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1237 | 0.000% | $2.9M | $7.5M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1237 | 0.000% | $5.9M | $6.3M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1237 | 0.000% | — | $6.7M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1238 | +0.105% | $128K | $197K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1239 | +0.200% | $8K | $379K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1239 | +0.155% | $312K | $5.3M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1239 | +0.162% | $44K | $721K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1237 | +0.024% | $164 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1239 | +0.186% | $176K | $245K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1237 | +0.017% | $99K | $206K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1238 | +0.042% | $4K | — | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1238 | +0.065% | $977K | $294K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0435% | 1h | 0.1237 | +0.028% | $688 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0527% | 1h | 0.1238 | +0.091% | $767K | $764K | 20x | as long as short |
Lighter OP
Hyperliquid OP
Aster OPUSDT
Bybit OPUSDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
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
Reya OPRUSDPERP
Kraken Futures PF_OPUSD