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: HTX against Hyperliquid−0.024%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$610.614% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.130%+$13 on $10k
Price spread, last 4 days (all we have)+0.329%+$33 · spread now −0.024%, 7d avg −0.015%
Together, before fees+0.459%+ Points / potential airdropHyperliquid: Season 2 · farm board+$46 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid OP0.12670.0100pay 0.0013% / 1h53m 06s$3.7M$3.0M5x
ShortHTX OP-USDT0.12670.0100get 0.0100% / 8h4h 53m$174K$232K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Hyperliquid. 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: −0.024% → −0.015%
−$0.91
Slippage, 4 orders
−$40.42
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee HTX: 6 bp × 2 orders
−$12
Net
−$62.33
Costs to cover
0.614%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; HTX: 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 Hyperliquid live order book, 8 min ago1.19 bp11.4 bp −$11doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 3 min ago9.05 bp23.1 bp −$23doesn't fitdoesn'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−0.1607%1h0.1260−0.576%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1267−0.002%$13K100xas long as short
Deribit OP_USDC-PERPETUAL−0.0539%1h0.1266−0.103%$42K$151K25xas long as short
ApeX Omni OPUSDT−0.0292%1h0.1261−0.497%$43K$708K50xas long as short
dYdX OP-USD0.0000%1h0.1267−0.012%$39K$51910xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1267+0.013%150xas long as short
OKX OP-USDT-SWAP+0.0032%8h0.1265−0.142%$6.2M$28.8M50xas long as short
Variational Omni OP+0.0054%8h0.1269+0.137%$224K$49Kas long as short
Orderly PERP_OP_USDC+0.0055%8h0.1267−0.024%$6K$44K10xas long as short
Lighter OP+0.0096%1h0.1268+0.016%$280K$934K15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid OPlong+0.0100%1h0.1267long leg$3.7M$3.0M5x
Aster OPUSDT+0.0100%8h0.12670.000%$212K$219K10xas long as short
Binance OPUSDT+0.0100%8h0.1266−0.129%$20.4M$60.8M75xas long as short
Bybit OPUSDT+0.0100%8h0.1265−0.158%$18.5M$25.2M75xas long as short
Gate OP_USDT+0.0100%8h0.1268+0.047%$2.0M$1.4M50xas long as short
MEXC OP_USDT+0.0100%8h0.1267−0.039%$21.0M$7.0M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1265−0.181%$2.9M$6.6M75xas long as short
Bitget OPUSDT+0.0100%8h0.1266−0.103%$5.9M$6.5M75xas long as short
BingX OP-USDC+0.0100%8h0.1266−0.103%$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1266−0.110%$121K$194K10xas long as short
edgeX OPUSDC+0.0100%4h0.1267−0.004%$4K$387K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1265−0.181%$310K$5.0M10xas long as short
SoDEX OP-USD+0.0100%1h0.1267−0.024%$194$6K5xas long as short
HTX OP-USDTshort+0.0100%8h0.1267−0.024%$174K$232K50x
Extended OP-USD+0.0104%1h0.1267−0.060%$101K$394K25xas long as short
Aevo OP-PERP+0.0104%1h0.1267−0.063%$3K$1K3xas long as short
Coinbase International OP-PERP-INTX+0.0168%1h0.1278+0.844%$25K$71K50xas long as short
BloFin OP-USDT+0.0220%8h0.1266−0.095%$1.0M$279K75xas long as short
Kraken Futures PF_OPUSD+0.0348%1h0.1267+0.001%$795K$572K20xas long as short
Reya OPRUSDPERP+0.0441%1h0.1266−0.069%$70420xas long as short