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

OP

all OP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against edgeX−0.371%7-day average +0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$610.612% 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 4 days (all we have)+0.087%+$9 · spread now −0.371%, 7d avg +0.049%
Together, before fees+0.087%+ Points / potential airdropedgeX: Active · farm board+$9 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: Bitget is 0.420% cheaper against edgeX than usual: you would sell low and buy high, −$42 on $10k if it goes back to its 7-day average of +0.049%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX OPUSDC0.12670.0100pay 0.0050% / 4h5m 03s$4K$388K10x
ShortBitget OPUSDT0.12620.0100get 0.0100% / 8h4h 05m$5.8M$6.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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: −0.371% → +0.049%
−$42
Slippage, 4 orders
−$40.19
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$103.18
Costs to cover
0.612%
Break-even
never at this rate
Slippage from edgeX: live order book, 53 min ago; Bitget: live order book, 3 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 edgeX live order book, 53 min ago7.93 bp16.9 bp −$17142.9 bp −$1,429doesn't fitdoesn't fit
Sell Bitget live order book, 3 min ago3.94 bp17.3 bp −$1730.5 bp −$30596.8 bp −$9,680doesn'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−0.1607%1h0.1259−0.608%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1264−0.189%$13K100xas long as short
dYdX OP-USD0.0000%1h0.1265−0.152%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1265−0.134%$42K$139K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1265−0.162%150xas long as short
Orderly PERP_OP_USDC+0.0054%8h0.1264−0.213%$6K$45K10xas long as short
Variational Omni OP+0.0056%8h0.1263−0.290%$223K$48Kas long as short
OKX OP-USDT-SWAP+0.0064%8h0.1263−0.284%$6.2M$28.4M50xas long as short
Lighter OP+0.0096%1h0.1264−0.198%$278K$941K15xas long as short
Hyperliquid OP+0.0100%1h0.1265−0.127%$3.7M$2.8M5xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPUSDT+0.0100%8h0.1265−0.127%$211K$219K10xas long as short
Binance OPUSDT+0.0100%8h0.1263−0.284%$20.4M$60.3M75xas long as short
Bybit OPUSDT+0.0100%8h0.1263−0.332%$18.6M$24.8M75xas long as short
Gate OP_USDT+0.0100%8h0.1264−0.213%$2.0M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1264−0.245%$21.3M$7.2M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1263−0.292%$2.9M$6.5M75xas long as short
Bitget OPUSDTshort+0.0100%8h0.1262−0.371%$5.8M$6.4M75x
BingX OP-USDC+0.0100%8h0.1264−0.213%$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1263−0.269%$120K$200K10xas long as short
edgeX OPUSDClong+0.0100%4h0.1267long leg$4K$388K10x
GRVT OP_USDT_Perp+0.0100%8h0.1268+0.081%$317K$5.1M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1267+0.023%$43K$710K50xas long as short
SoDEX OP-USD+0.0100%1h0.1264−0.237%$211$6K5xas long as short
HTX OP-USDT+0.0100%8h0.1264−0.182%$174K$226K50xas long as short
Extended OP-USD+0.0104%1h0.1262−0.339%$104K$390K25xas long as short
Aevo OP-PERP+0.0104%1h0.1264−0.200%$3K$1K3xas long as short
Coinbase International OP-PERP-INTX+0.0168%1h0.1262−0.371%$24K$63K50xas long as short
BloFin OP-USDT+0.0220%8h0.1263−0.284%$1.0M$279K75xas long as short
Kraken Futures PF_OPUSD+0.0348%1h0.1265−0.147%$783K$548K20xas long as short
Reya OPRUSDPERP+0.0441%1h0.1264−0.242%$70320xas long as short