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

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: SoDEX against Bitget−0.008%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget OPUSDT0.12580.0100pay 0.0100% / 8h1h 52m$6.0M$6.2M75x
ShortSoDEX OP-USD0.12580.0100get 0.0013% / 1h52m 56s$173$6K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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: −0.008% → 0.000%
−$0.79
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$20.79
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 5 min ago; SoDEX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 5 min ago3.98 bp10.0 bp −$1023.1 bp −$23185.7 bp −$8,572doesn't fit
Sell SoDEX no order-book sample
SoDEX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective OP/USDC PERP−0.1710%1h0.1255−0.238%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1258+0.020%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0360%1h0.1243−1.192%$21K$64K50xas long as short
dYdX OP-USD0.0000%1h0.1259+0.069%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.12580.000%$41K$171K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1259+0.072%150xas long as short
Variational Omni OP+0.0039%8h0.1259+0.083%$231K$46Kas long as short
Orderly PERP_OP_USDC+0.0048%8h0.12580.000%$6K$49K10xas long as short
OKX OP-USDT-SWAP+0.0095%8h0.1257−0.087%$5.9M$29.6M50xas long as short
Lighter OP+0.0096%1h0.1258+0.040%$274K$904K15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid OP+0.0100%1h0.1259+0.103%$4.1M$2.9M5xas long as short
Aster OPUSDT+0.0100%8h0.1258−0.008%$210K$241K10xas long as short
Binance OPUSDT+0.0100%8h0.1257−0.069%$20.4M$62.5M75xas long as short
Bybit OPUSDT+0.0100%8h0.1256−0.167%$18.3M$25.3M75xas long as short
Gate OP_USDT+0.0100%8h0.1258−0.016%$1.8M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1257−0.079%$19.9M$7.0M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1257−0.079%$2.9M$7.6M75xas long as short
Bitget OPUSDTlong+0.0100%8h0.1258long leg$6.0M$6.2M75x
BingX OP-USDC+0.0100%8h0.1257−0.079%$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1257−0.056%$124K$191K10xas long as short
edgeX OPUSDC+0.0100%4h0.1260+0.188%$11K$378K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1261+0.233%$312K$5.1M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1261+0.238%$45K$718K50xas long as short
SoDEX OP-USDshort+0.0100%1h0.1258−0.008%$173$6K5x
HTX OP-USDT+0.0100%8h0.1258+0.024%$174K$232K50xas long as short
Extended OP-USD+0.0104%1h0.1257−0.104%$101K$186K25xas long as short
Aevo OP-PERP+0.0104%1h0.1259+0.041%$4K3xas long as short
BloFin OP-USDT+0.0220%8h0.1258−0.016%$999K$281K75xas long as short
Kraken Futures PF_OPUSD+0.0229%1h0.1259+0.099%$781K$734K20xas long as short
Reya OPRUSDPERP+0.0436%1h0.1258−0.022%$69920xas long as short