OP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.48 per $10,000 · paid last 24h +0.038%

Price spread now: HTX against Orderly+0.048%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.154%+$15 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 +$1 a day on $10k at the current rate, and HTX is 0.048% dearer against Orderly than usual: you sell high and buy low: +$5 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	0.1256	0.0052	pay 0.0052% / 8h	1h 46m	$6K	$49K	10x
Short	HTX OP-USDT	0.1257	0.0100	get 0.0100% / 8h	1h 46m	$174K	$232K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee HTXbpOrdersPrice spread, now +0.048%Rate

Funding earned: $10.14
Price spread: +0.048% → 0.000%: $4.78
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$3.08
Costs to cover: 0.180%
Break-even: 9.1 days

Slippage unknown: Orderly: no order-book sample; HTX: live order book, 34 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 HTX live order book, 34 min ago	12.61 bp	24.2 bp −$24	doesn't fit	doesn't fit	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	−0.1710%	1h	0.1250	−0.478%	$34K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1256	+0.033%	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0360%	1h	0.1253	−0.239%	$21K	$64K	50x	as long as short
dYdX OP-USD	0.0000%	1h	0.1257	+0.070%	$39K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1255	−0.080%	$41K	$171K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1257	+0.063%	—	—	150x	as long as short
Variational Omni OP	+0.0043%	8h	0.1255	−0.092%	$231K	$46K	—	as long as short
Orderly PERP_OP_USDClong	+0.0052%	8h	0.1256	long leg	$6K	$49K	10x
OKX OP-USDT-SWAP	+0.0096%	8h	0.1255	−0.072%	$5.8M	$29.6M	50x	as long as short
Lighter OP	+0.0096%	1h	0.1256	+0.008%	$274K	$904K	15x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid OP	+0.0100%	1h	0.1257	+0.080%	$4.1M	$2.9M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1256	+0.008%	$210K	$241K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1255	−0.064%	$20.4M	$62.4M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1254	−0.143%	$18.3M	$25.2M	75x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1255	−0.080%	$1.8M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1255	−0.080%	$19.9M	$7.0M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1255	−0.080%	$2.9M	$7.5M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1255	−0.080%	$6.0M	$6.2M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1255	−0.088%	—	$6.8M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1255	−0.072%	$124K	$190K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1256	−0.028%	$9K	$381K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1255	−0.080%	$304K	$5.1M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1256	0.000%	$45K	$722K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1255	−0.096%	$172	$6K	5x	as long as short
HTX OP-USDTshort	+0.0100%	8h	0.1257	+0.048%	$174K	$232K	50x
Extended OP-USD	+0.0104%	1h	0.1255	−0.083%	$101K	$186K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1256	−0.034%	$4K	—	3x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1255	−0.064%	$1.0M	$280K	75x	as long as short
Kraken Futures PF_OPUSD	+0.0229%	1h	0.1256	+0.011%	$784K	$739K	20x	as long as short
Reya OPRUSDPERP	+0.0436%	1h	0.1256	+0.030%	$699	—	20x	as long as short