Settings8H · net · $10k
Funding arb · Price arb /

OP

all OP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against BingX+0.031%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$265as in the Funding arb table
Net, price: spread back to 7d avg − costs−$265as in the Price arb table
costs, in and out, $10k−$2652.647% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 3 days (all we have)+0.295%+$30 · spread now +0.031%, 7d avg +0.031%
Together, before fees+0.296%+$30 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX OP-USDC0.12790.0100pay 0.0100% / 8h1h 21m$1.6M
ShortHTX OP-USDT0.12790.0100get 0.0100% / 8h1h 21m$177K$232K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against BingX. 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

Funding earned
$0
Price spread: +0.031% → +0.031%
$0.05
Slippage, 4 orders
−$242.68
Fee BingX: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$264.63
Costs to cover
2.647%
Break-even
never at this rate
Slippage from BingX: live order book, 11 min ago; HTX: live order book, 60 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 11 min ago7.87 bp116.2 bp −$116887.7 bp −$8,8771140.1 bp −$114.0Kdoesn't fit
Sell HTX live order book, 60 min ago12.61 bp24.2 bp −$24doesn't fitdoesn't fitdoesn't fit

OP on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective OP/USDC PERP−0.1710%1h0.1270−0.704%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1279+0.014%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0360%1h0.1269−0.782%$21K$64K50xas long as short
dYdX OP-USD0.0000%1h0.1279−0.031%$40K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.12790.000%$42K$171K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1279+0.012%150xas long as short
Variational Omni OP+0.0047%8h0.1273−0.501%$233K$52Kas long as short
Orderly PERP_OP_USDC+0.0058%8h0.1278−0.078%$6K$49K10xas long as short
Lighter OP+0.0096%1h0.1280+0.094%$277K$906K15xas long as short
OKX OP-USDT-SWAP+0.0099%8h0.1279−0.008%$6.0M$30.3M50xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid OP+0.0100%1h0.1280+0.063%$4.1M$2.9M5xas long as short
Aster OPUSDT+0.0100%8h0.1279+0.005%$214K$241K10xas long as short
Binance OPUSDT+0.0100%8h0.1279−0.036%$20.8M$61.9M75xas long as short
Bybit OPUSDT+0.0100%8h0.1278−0.055%$18.8M$25.4M75xas long as short
Gate OP_USDT+0.0100%8h0.12790.000%$1.9M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1278−0.063%$20.1M$7.1M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1278−0.078%$2.9M$7.5M75xas long as short
Bitget OPUSDT+0.0100%8h0.12790.000%$6.1M$6.2M75xas long as short
BingX OP-USDClong+0.0100%8h0.1279long leg$1.6M
Backpack OP_USDC_PERP+0.0100%1h0.1278−0.109%$127K$190K10xas long as short
edgeX OPUSDC+0.0100%4h0.1275−0.307%$11K$380K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1276−0.235%$319K$5.1M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1276−0.235%$46K$721K50xas long as short
SoDEX OP-USD+0.0100%1h0.12790.000%$181$6K5xas long as short
HTX OP-USDTshort+0.0100%8h0.1279+0.031%$177K$232K50x
Extended OP-USD+0.0104%1h0.1279−0.020%$102K$186K25xas long as short
Aevo OP-PERP+0.0104%1h0.1279−0.026%$4K3xas long as short
BloFin OP-USDT+0.0220%8h0.1276−0.258%$1.0M$287K75xas long as short
Kraken Futures PF_OPUSD+0.0225%1h0.1280+0.107%$800K$745K20xas long as short
Reya OPRUSDPERP+0.0437%1h0.1279−0.039%$71120xas long as short