Funding arb · Price arb /

OP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.031%

Price spread now: HTX against Gate−0.093%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$870.871% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.178%+$18 on $10k

Price spread, last 3 days (all we have)+0.328%+$33 · spread now −0.093%, 7d avg +0.030%

Together, before fees+0.506%+$51 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: HTX is 0.123% cheaper against Gate than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate OP_USDT	0.1291	0.0100	pay 0.0100% / 8h	55m 25s	$2.0M	$1.5M	50x
Short	HTX OP-USDT	0.1290	0.0100	get 0.0100% / 8h	55m 25s	$178K	$232K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Gate. 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

Position, each leg$Hold fordaysFee GatebpFee HTXbpOrdersPrice spread, now −0.093%Rate

Funding earned: $0
Price spread: −0.093% → +0.030%: −$12.29
Slippage, 4 orders: −$60.1
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$99.39
Costs to cover: 0.871%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; HTX: live order book, 21 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 2 min ago	3.11 bp	25.3 bp −$25	55.3 bp −$553	doesn't fit	doesn't fit
Sell HTX live order book, 21 min ago	5.85 bp	21.5 bp −$22	doesn't fit	doesn't fit	doesn't fit

OP on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective OP/USDC PERP	−0.1633%	1h	0.1281	−0.759%	$35K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1065% / S +0.0229%	1h	0.1290	−0.058%	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0344%	1h	0.1280	−0.837%	$21K	$64K	50x	as long as short
dYdX OP-USD	0.0000%	1h	0.1290	−0.084%	$40K	$519	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1290	−0.062%	$43K	$171K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1290	−0.064%	—	—	150x	as long as short
Orderly PERP_OP_USDC	+0.0063%	8h	0.1289	−0.139%	$6K	$50K	10x	as long as short
Variational Omni OP	+0.0076%	8h	0.1284	−0.498%	$236K	$54K	—	as long as short
Lighter OP	+0.0096%	1h	0.1291	−0.015%	$291K	$918K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1291	+0.054%	$4.2M	$2.9M	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster OPUSDT	+0.0100%	8h	0.1290	−0.069%	$215K	$241K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1290	−0.052%	$20.9M	$61.7M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1289	−0.108%	$19.0M	$25.5M	75x	as long as short
OKX OP-USDT-SWAP	+0.0100%	8h	0.1290	−0.062%	$6.1M	$30.6M	50x	as long as short
Gate OP_USDTlong	+0.0100%	8h	0.1291	long leg	$2.0M	$1.5M	50x
MEXC OP_USDT	+0.0100%	8h	0.1290	−0.054%	$20.6M	$7.1M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	0.1289	−0.139%	$2.9M	$7.4M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1290	−0.062%	$6.1M	$6.3M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	0.1290	−0.062%	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1289	−0.132%	$126K	$189K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1287	−0.279%	$11K	$382K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1288	−0.202%	$322K	$5.0M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1288	−0.217%	$46K	$722K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1289	−0.116%	$184	$6K	5x	as long as short
HTX OP-USDTshort	+0.0100%	8h	0.1290	−0.093%	$178K	$232K	50x
Extended OP-USD	+0.0104%	1h	0.1290	−0.079%	$103K	$186K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1290	−0.101%	$4K	—	3x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1288	−0.201%	$1.0M	$291K	75x	as long as short
Kraken Futures PF_OPUSD	+0.0354%	1h	0.1291	+0.019%	$807K	$745K	20x	as long as short
Reya OPRUSDPERP	+0.0437%	1h	0.1290	−0.060%	$717	—	20x	as long as short