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

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against HTX+0.095%7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$920.919% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.147%−$15 on $10k
Price spread, last 4 days (all we have)−0.597%−$60 · spread now +0.095%, 7d avg −0.027%
Together, before fees−0.744%−$74 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: Gate is 0.123% dearer against HTX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.027%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX OP-USDT0.12610.0100pay 0.0100% / 8h5h 45m$174K$218K50x
ShortGate OP_USDT0.12620.0100get 0.0100% / 8h5h 45m$1.9M$1.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against HTX. 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: +0.095% → −0.027%
$12.26
Slippage, 4 orders
−$64.92
Fee HTX: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$79.67
Costs to cover
0.919%
Break-even
never at this rate
Slippage from HTX: live order book, 16 min ago; Gate: live order book, 2 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 HTX live order book, 16 min ago11.45 bp21.9 bp −$222833.6 bp −$28.3Kdoesn't fitdoesn't fit
Sell Gate live order book, 2 min ago3.96 bp26.4 bp −$2663.5 bp −$635doesn't fitdoesn'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−0.1488%1h0.1257−0.293%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1263+0.186%$13K100xas long as short
dYdX OP-USD0.0000%1h0.1261+0.006%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1263+0.182%$42K$151K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1263+0.160%150xas long as short
OKX OP-USDT-SWAP+0.0036%8h0.12610.000%$6.1M$29.0M50xas long as short
Variational Omni OP+0.0048%8h0.1261+0.042%$223K$50Kas long as short
Orderly PERP_OP_USDC+0.0054%8h0.1262+0.103%$6K$45K10xas long as short
Lighter OP+0.0096%1h0.1263+0.159%$280K$934K15xas long as short
Hyperliquid OP+0.0100%1h0.1263+0.151%$3.7M$3.0M5xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPUSDT+0.0100%8h0.1261+0.041%$211K$229K10xas long as short
Binance OPUSDT+0.0100%8h0.1261+0.051%$20.4M$60.6M75xas long as short
Bybit OPUSDT+0.0100%8h0.1261−0.008%$18.3M$25.3M75xas long as short
Gate OP_USDTshort+0.0100%8h0.1262+0.095%$1.9M$1.5M50x
MEXC OP_USDT+0.0100%8h0.1262+0.095%$20.6M$6.9M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1261+0.024%$2.9M$6.7M75xas long as short
Bitget OPUSDT+0.0100%8h0.1262+0.103%$5.9M$6.5M75xas long as short
BingX OP-USDT+0.0100%8h0.1261+0.024%$6.7Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1261+0.048%$120K$195K10xas long as short
edgeX OPUSDC+0.0100%4h0.1264+0.273%$4K$390K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1270+0.738%$313K$5.1M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1265+0.341%$43K$707K50xas long as short
SoDEX OP-USD+0.0100%1h0.1262+0.135%$182$6K5xas long as short
HTX OP-USDTlong+0.0100%8h0.1261long leg$174K$218K50x
Extended OP-USD+0.0104%1h0.1260−0.042%$101K$389K25xas long as short
Aevo OP-PERP+0.0104%1h0.1263+0.143%$3K$1K3xas long as short
Coinbase International OP-PERP-INTX+0.0152%1h0.1265+0.341%$24K$71K50xas long as short
BloFin OP-USDT+0.0220%8h0.1262+0.103%$271K75xas long as short
Reya OPRUSDPERP+0.0440%1h0.1262+0.090%$70220xas long as short
Kraken Futures PF_OPUSD+0.0491%1h0.1262+0.137%$798K$582K20xas long as short