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

OP

all OP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0065%/8h= +7.1% APRnext payment +$0.08 per $10,000 · paid last 24h +0.029%
Price spread now: SoDEX against dYdX0.000%7-day average · you sell dearer than you buy
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 4 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: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX OP-USD0.12270get 0.0000% / 1h51m 41s$38K$52210x
ShortSoDEX OP-USD0.12270.0065get 0.0008% / 1h51m 41s$187$5K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$13.7
Price spread: 0.000% → 0.000%
$0
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$4.3
Costs to cover
0.180%
Break-even
9.2 days
Slippage unknown: dYdX: no order-book sample; 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 dYdX no order-book sample
Sell SoDEX no order-book sample
dYdX and 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1164% / S +0.0246%1h0.1228+0.108%$13K100xas long as short
Deribit OP_USDC-PERPETUAL−0.0564%1h0.1227+0.008%$30K$112K25xas long as short
Hyperliquid OP−0.0539%1h0.1225−0.130%$3.9M$3.9M5xas long as short
Binance OPUSDT−0.0138%8h0.1225−0.139%$18.9M$65.5M75xas long as short
Extended OP-USD−0.0136%1h0.1225−0.151%$98K$643K25xas long as short
MEXC OP_USDT−0.0134%8h0.1225−0.122%$21.5M$7.1M300xas long as short
Gate OP_USDT−0.0084%8h0.1227−0.024%$1.9M$1.3M50xas long as short
Orderly PERP_OP_USDC−0.0081%8h0.1227+0.008%$12K$231K10xas long as short
Coinbase International OP-PERP-INTX−0.0056%1h0.1233+0.497%$24K$68K50xas long as short
Kraken Futures PF_OPUSD−0.0054%1h0.1229+0.133%$729K$735K20xas long as short
Show all 30 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT OP_USDT_Perp−0.0032%8h0.1228+0.090%$303K$5.8M10xas long as short
BloFin OP-USDT−0.0015%8h0.1228+0.073%$979K$257K75xas long as short
dYdX OP-USDlong0.0000%1h0.1227long leg$38K$52210x
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1228+0.112%150xas long as short
Injective OP/USDC PERP+0.0033%1h0.1231+0.334%$34K$67K12xas long as short
Variational Omni OP+0.0048%8h0.1228+0.100%$218K$45Kas long as short
Aevo OP-PERP+0.0048%1h0.1227−0.002%$3K$1K3xas long as short
KuCoin OPUSDTM+0.0060%8h0.1226−0.073%$2.9M$5.4M75xas long as short
SoDEX OP-USDshort+0.0065%1h0.12270.000%$187$5K5x
Lighter OP+0.0096%1h0.1226−0.098%$252K$1.1M15xas long as short
Aster OPUSDT+0.0100%8h0.1226−0.055%$203K$211K10xas long as short
Bybit OPUSDT+0.0100%8h0.1225−0.139%$17.7M$24.3M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1225−0.147%$5.9M$26.6M50xas long as short
Bitget OPUSDT+0.0100%8h0.1225−0.155%$5.7M$6.7M75xas long as short
BingX OP-USDC+0.0100%8h0.1227+0.008%$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1227−0.024%$111K$215K10xas long as short
edgeX OPUSDC+0.0100%4h0.1228+0.050%$4K$1.1M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1228+0.090%$42K$686K50xas long as short
HTX OP-USDT+0.0100%8h0.1227+0.049%$167K$263K50xas long as short
Reya OPRUSDPERP+0.0447%1h0.1227+0.023%$68220xas long as short