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

OP

all OP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: Bitget against dYdX−0.016%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX OP-USD0.12610get 0.0000% / 1h54m 38s$39K$51910x
ShortBitget OPUSDT0.12610.0100get 0.0100% / 8h1h 54m$6.0M$6.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against dYdX. 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
$21
Price spread: −0.016% → 0.000%
−$1.59
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$2.59
Costs to cover
0.220%
Break-even
7.9 days
Slippage unknown: dYdX: no order-book sample; Bitget: live order book, 4 min ago. 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 dYdX no order-book sample
Sell Bitget live order book, 4 min ago3.98 bp15.9 bp −$1633.7 bp −$33795.9 bp −$9,594doesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective OP/USDC PERP−0.1710%1h0.1254−0.571%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1261−0.008%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0360%1h0.1243−1.443%$21K$64K50xas long as short
dYdX OP-USDlong0.0000%1h0.1261long leg$39K$51910x
Deribit OP_USDC-PERPETUAL0.0000%1h0.1261−0.016%$42K$171K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1261−0.019%150xas long as short
Variational Omni OP+0.0039%8h0.1259−0.171%$231K$46Kas long as short
Orderly PERP_OP_USDC+0.0046%8h0.1261−0.016%$6K$50K10xas long as short
OKX OP-USDT-SWAP+0.0095%8h0.1260−0.135%$5.9M$29.7M50xas long as short
Lighter OP+0.0096%1h0.12610.000%$275K$904K15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid OP+0.0100%1h0.1262+0.079%$4.1M$2.9M5xas long as short
Aster OPUSDT+0.0100%8h0.1261−0.045%$211K$241K10xas long as short
Binance OPUSDT+0.0100%8h0.1260−0.058%$20.5M$62.4M75xas long as short
Bybit OPUSDT+0.0100%8h0.1260−0.127%$18.4M$25.3M75xas long as short
Gate OP_USDT+0.0100%8h0.1261−0.032%$1.8M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1260−0.063%$20.0M$7.0M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1260−0.095%$2.9M$7.6M75xas long as short
Bitget OPUSDTshort+0.0100%8h0.1261−0.016%$6.0M$6.2M75x
BingX OP-USDC+0.0100%8h0.1260−0.095%$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1261−0.048%$125K$191K10xas long as short
edgeX OPUSDC+0.0100%4h0.1257−0.355%$11K$377K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1259−0.174%$311K$5.1M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1258−0.254%$45K$719K50xas long as short
SoDEX OP-USD+0.0100%1h0.1261−0.032%$177$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1262+0.079%$175K$232K50xas long as short
Extended OP-USD+0.0104%1h0.1261−0.048%$101K$186K25xas long as short
Aevo OP-PERP+0.0104%1h0.1262+0.028%$4K3xas long as short
BloFin OP-USDT+0.0220%8h0.1261−0.016%$1.0M$281K75xas long as short
Kraken Futures PF_OPUSD+0.0228%1h0.1261+0.018%$782K$734K20xas long as short
Reya OPRUSDPERP+0.0436%1h0.1260−0.057%$70120xas long as short