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

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Bitget+0.079%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$245as in the Funding arb table
Net, price: spread back to 7d avg − costs−$236as in the Price arb table
costs, in and out, $10k−$2452.454% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days−0.063%−$6 · spread now +0.079%, 7d avg −0.012%
Together, before fees−0.063%−$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.091% dearer against Bitget than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget OPUSDT0.12630.0100pay 0.0100% / 8h5h 45m$5.9M$6.5M75x
ShortBingX OP-USDC0.12640.0100get 0.0100% / 8h5h 45m$1.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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: +0.079% → −0.012%
$9.14
Slippage, 4 orders
−$223.41
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$236.27
Costs to cover
2.454%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; BingX: live order book, 16 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 Bitget live order book, 3 min ago3.96 bp10.0 bp −$1023.7 bp −$237103.3 bp −$10.3Kdoesn't fit
Sell BingX live order book, 16 min ago11.86 bp115.0 bp −$115903.1 bp −$9,0311127.0 bp −$112.7Kdoesn'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−0.1488%1h0.1257−0.475%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1263+0.004%$13K100xas long as short
dYdX OP-USD0.0000%1h0.1261−0.119%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.12630.000%$42K$151K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1263−0.022%150xas long as short
OKX OP-USDT-SWAP+0.0036%8h0.1263−0.016%$6.1M$29.0M50xas long as short
Variational Omni OP+0.0048%8h0.1261−0.140%$223K$50Kas long as short
Orderly PERP_OP_USDC+0.0054%8h0.1262−0.079%$6K$45K10xas long as short
Lighter OP+0.0096%1h0.1262−0.048%$280K$934K15xas long as short
Hyperliquid OP+0.0100%1h0.1262−0.055%$3.7M$3.0M5xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPUSDT+0.0100%8h0.1261−0.142%$211K$229K10xas long as short
Binance OPUSDT+0.0100%8h0.1262−0.071%$20.4M$60.6M75xas long as short
Bybit OPUSDT+0.0100%8h0.1262−0.079%$18.3M$25.3M75xas long as short
Gate OP_USDT+0.0100%8h0.12630.000%$1.9M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1261−0.127%$20.6M$6.9M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1260−0.238%$2.9M$6.7M75xas long as short
Bitget OPUSDTlong+0.0100%8h0.1263long leg$5.9M$6.5M75x
BingX OP-USDCshort+0.0100%8h0.1264+0.079%$1.6M
Backpack OP_USDC_PERP+0.0100%1h0.1261−0.135%$120K$195K10xas long as short
edgeX OPUSDC+0.0100%4h0.1264+0.090%$4K$390K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1270+0.554%$313K$5.1M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1265+0.158%$43K$707K50xas long as short
SoDEX OP-USD+0.0100%1h0.1262−0.048%$182$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1261−0.182%$174K$218K50xas long as short
Extended OP-USD+0.0104%1h0.1263+0.004%$101K$389K25xas long as short
Aevo OP-PERP+0.0104%1h0.1263−0.040%$3K$1K3xas long as short
Coinbase International OP-PERP-INTX+0.0152%1h0.1265+0.158%$24K$71K50xas long as short
BloFin OP-USDT+0.0220%8h0.1262−0.079%$271K75xas long as short
Reya OPRUSDPERP+0.0440%1h0.1262−0.092%$70220xas long as short
Kraken Futures PF_OPUSD+0.0491%1h0.1262−0.045%$798K$582K20xas long as short