Say, OER, the thermodynamic potential for OER is 1.23 V (vs SHE) and your obtained OER potential (onset) is 1.63 V, then the overpotential of OER for your material will be (1.63-1.23)V = 0.4 V.
In electrocatalysis, people usually use this equation to find out the overpotential. In Butler-Volmer equation, overpotential (ita) is defined as E - Eeq.