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

OP

all OP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: gTrade (Gains Network) against dYdX−0.077%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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 0.077% cheaper against dYdX than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX OP-USD0.12720get 0.0000% / 1h26m 20s$39K$51910x
ShortgTrade (Gains Network) OP/USD0.1271L +0.0004% / S −0.0004%get 0.0000% / 1h26m 20s150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
$0.83
Price spread: −0.077% → 0.000%
−$7.71
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$26.89
Costs to cover
0.200%
Break-even
235.1 days
Slippage unknown: dYdX: no order-book sample; gTrade (Gains Network): 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 dYdX no order-book sample
Sell gTrade (Gains Network) no order-book sample
dYdX and gTrade (Gains Network): 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−0.1607%1h0.1263−0.682%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1270−0.102%$13K100xas long as short
dYdX OP-USDlong0.0000%1h0.1272long leg$39K$51910x
Deribit OP_USDC-PERPETUAL0.0000%1h0.1269−0.210%$42K$140K25xas long as short
gTrade (Gains Network) OP/USDshortL +0.0004% / S −0.0004%1h0.1271−0.077%150x
OKX OP-USDT-SWAP+0.0044%8h0.1271−0.076%$6.2M$28.7M50xas long as short
Variational Omni OP+0.0053%8h0.1271−0.090%$225K$48Kas long as short
Orderly PERP_OP_USDC+0.0054%8h0.1272+0.026%$6K$45K10xas long as short
Lighter OP+0.0096%1h0.1272−0.006%$279K$941K15xas long as short
Hyperliquid OP+0.0100%1h0.1272+0.042%$3.7M$2.8M5xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPUSDT+0.0100%8h0.1271−0.065%$212K$219K10xas long as short
Binance OPUSDT+0.0100%8h0.1271−0.076%$20.5M$60.2M75xas long as short
Bybit OPUSDT+0.0100%8h0.1270−0.124%$18.6M$24.9M75xas long as short
Gate OP_USDT+0.0100%8h0.1271−0.068%$2.0M$1.4M50xas long as short
MEXC OP_USDT+0.0100%8h0.1271−0.068%$21.5M$7.2M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1269−0.210%$2.9M$6.5M75xas long as short
Bitget OPUSDT+0.0100%8h0.1271−0.053%$5.9M$6.4M75xas long as short
BingX OP-USDC+0.0100%8h0.1270−0.131%$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1270−0.163%$125K$199K10xas long as short
edgeX OPUSDC+0.0100%4h0.1270−0.103%$4K$389K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1271−0.049%$318K$5.1M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1275+0.262%$44K$711K50xas long as short
SoDEX OP-USD+0.0100%1h0.1270−0.171%$202$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1270−0.100%$174K$226K50xas long as short
Extended OP-USD+0.0104%1h0.1269−0.182%$104K$394K25xas long as short
Aevo OP-PERP+0.0104%1h0.1271−0.061%$3K$1K3xas long as short
Coinbase International OP-PERP-INTX+0.0168%1h0.1262−0.761%$24K$63K50xas long as short
BloFin OP-USDT+0.0220%8h0.1270−0.108%$998K$280K75xas long as short
Kraken Futures PF_OPUSD+0.0347%1h0.1271−0.090%$791K$546K20xas long as short
Reya OPRUSDPERP+0.0441%1h0.1270−0.098%$70620xas long as short