OP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.030%

Price spread now: dYdX against SoDEX+0.021%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.021% dearer against SoDEX than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX OP-USD	0.1267	0.0100	pay 0.0013% / 1h	2m 00s	$176	$6K	5x
Short	dYdX OP-USD	0.1267	0	get 0.0000% / 1h	2m 00s	$39K	$519	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against SoDEX. 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 SoDEXbpFee dYdXbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$21
Price spread: +0.021% → 0.000%: $2.15
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$36.85
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; dYdX: no order-book sample. 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 SoDEX no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

SoDEX and dYdX: 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	−0.1656%	1h	0.1266	−0.039%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1267	+0.066%	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0352%	1h	0.1279	+0.987%	$25K	$77K	50x	as long as short
dYdX OP-USDshort	0.0000%	1h	0.1267	+0.021%	$39K	$519	10x
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1267	+0.039%	$42K	$163K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1268	+0.079%	—	—	150x	as long as short
Variational Omni OP	+0.0055%	8h	0.1270	+0.262%	$232K	$46K	—	as long as short
Orderly PERP_OP_USDC	+0.0059%	8h	0.1268	+0.118%	$6K	$47K	10x	as long as short
Lighter OP	+0.0096%	1h	0.1268	+0.134%	$282K	$954K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1268	+0.158%	$4.0M	$2.9M	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster OPUSDT	+0.0100%	8h	0.1267	+0.076%	$212K	$236K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1267	+0.032%	$20.5M	$62.0M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1266	−0.024%	$18.5M	$26.0M	75x	as long as short
OKX OP-USDT-SWAP	+0.0100%	8h	0.1266	−0.024%	$6.2M	$30.0M	50x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1267	+0.047%	$2.0M	$1.6M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1267	+0.032%	$20.1M	$7.5M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1267	+0.039%	$2.9M	$7.0M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1267	+0.039%	$6.0M	$6.4M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1267	0.000%	—	$6.8M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1266	−0.032%	$122K	$194K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1277	+0.801%	$4K	$389K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1271	+0.322%	$314K	$5.1M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1271	+0.355%	$44K	$726K	50x	as long as short
SoDEX OP-USDlong	+0.0100%	1h	0.1267	long leg	$176	$6K	5x
HTX OP-USDT	+0.0100%	8h	0.1267	+0.008%	$175K	$235K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1266	−0.047%	$106K	$389K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1267	+0.060%	$3K	$1K	3x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1266	−0.008%	$1.0M	$274K	75x	as long as short
Kraken Futures PF_OPUSD	+0.0383%	1h	0.1268	+0.137%	$801K	$754K	20x	as long as short
Reya OPRUSDPERP	+0.0439%	1h	0.1266	−0.031%	$704	—	20x	as long as short