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

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0329%/8h= −36.1% APRpaid last 24h −0.095%
Price spread now: GMX against HTX+0.008%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 3 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: −$10 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX OP-USDT0.12450.0100pay 0.0100% / 8h2h 50m$172K$234K50x
ShortGMX OP/USD [OP-USDC]0.1245L −0.1066% / S +0.0229%pay 0.0029% / 1h50m 13s$13K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
−$69.15
Price spread: +0.008% → 0.000%
$0.8
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee GMX: 6 bp × 2 orders
−$12
Net
−$92.35
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: HTX: live order book, 36 min ago; GMX: 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 HTX live order book, 36 min ago13.96 bp26.9 bp −$272881.6 bp −$28.8Kdoesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: 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−0.1658%1h0.1240−0.434%$34K$58K12xas long as short
GMX OP/USD [OP-USDC]shortL −0.1066% / S +0.0229%1h0.1245+0.008%$13K100x
Coinbase International OP-PERP-INTX−0.0328%1h0.1243−0.193%$21K$64K50xas long as short
dYdX OP-USD0.0000%1h0.1245−0.032%$38K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1246+0.048%$41K$174K25xas long as short
Variational Omni OP+0.0002%8h0.1243−0.220%$227K$44Kas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1246+0.046%150xas long as short
Orderly PERP_OP_USDC+0.0027%8h0.1245−0.032%$6K$51K10xas long as short
OKX OP-USDT-SWAP+0.0095%8h0.1246+0.080%$5.7M$29.4M50xas long as short
Lighter OP+0.0096%1h0.1246+0.064%$266K$899K15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid OP+0.0100%1h0.1247+0.096%$3.9M$2.9M5xas long as short
Aster OPUSDT+0.0100%8h0.1245−0.067%$209K$243K10xas long as short
Binance OPUSDT+0.0100%8h0.1246+0.038%$20.2M$62.7M75xas long as short
Bybit OPUSDT+0.0100%8h0.1246+0.032%$18.3M$25.3M75xas long as short
Gate OP_USDT+0.0100%8h0.1245−0.016%$1.8M$1.4M50xas long as short
MEXC OP_USDT+0.0100%8h0.1247+0.153%$20.0M$7.2M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1245−0.032%$2.9M$7.5M75xas long as short
Bitget OPUSDT+0.0100%8h0.1247+0.128%$5.9M$6.2M75xas long as short
BingX OP-USDC+0.0100%8h0.1247+0.128%$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1244−0.120%$127K$189K10xas long as short
edgeX OPUSDC+0.0100%4h0.1247+0.130%$9K$380K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1250+0.383%$304K$5.3M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1248+0.209%$45K$720K50xas long as short
SoDEX OP-USD+0.0100%1h0.1245−0.016%$157$6K5xas long as short
HTX OP-USDTlong+0.0100%8h0.1245long leg$172K$234K50x
Extended OP-USD+0.0104%1h0.1245−0.032%$100K$186K25xas long as short
Aevo OP-PERP+0.0104%1h0.1246+0.044%$4K3xas long as short
Kraken Futures PF_OPUSD+0.0138%1h0.1247+0.111%$770K$742K20xas long as short
BloFin OP-USDT+0.0220%8h0.1244−0.112%$988K$294K75xas long as short
Reya OPRUSDPERP+0.0436%1h0.1245−0.024%$69220xas long as short