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

OP

all OP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SoDEX against Hyperliquid−0.016%7-day average · you buy dearer than you sell
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 fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid OP0.12670.0100pay 0.0013% / 1h42m 46s$4.1M$2.9M5x
ShortSoDEX OP-USD0.12660.0100get 0.0013% / 1h42m 46s$186$6K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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: −0.016% → 0.000%
−$1.58
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$18.58
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 9 min ago; SoDEX: 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 Hyperliquid live order book, 9 min ago1.58 bp12.0 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell SoDEX no order-book sample
SoDEX: 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−0.1656%1h0.1261−0.434%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1267+0.039%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0352%1h0.1262−0.355%$21K$64K50xas long as short
Bybit OPUSDT−0.0102%8h0.1264−0.197%$18.4M$26.0M75xas long as short
dYdX OP-USD0.0000%1h0.1266−0.024%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1267+0.039%$42K$171K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1267+0.012%150xas long as short
Variational Omni OP+0.0052%8h0.1266−0.035%$231K$47Kas long as short
Orderly PERP_OP_USDC+0.0057%8h0.1267+0.039%$6K$49K10xas long as short
Lighter OP+0.0096%1h0.1267+0.032%$284K$946K15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid OPlong+0.0100%1h0.1267long leg$4.1M$2.9M5x
Aster OPUSDT+0.0100%8h0.1266−0.002%$212K$236K10xas long as short
Binance OPUSDT+0.0100%8h0.1265−0.118%$20.5M$62.1M75xas long as short
OKX OP-USDT-SWAP+0.0100%8h0.1265−0.158%$6.1M$29.9M50xas long as short
Gate OP_USDT+0.0100%8h0.1265−0.087%$1.9M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1265−0.095%$20.2M$7.3M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1266−0.039%$2.9M$7.2M75xas long as short
Bitget OPUSDT+0.0100%8h0.1265−0.118%$6.0M$6.4M75xas long as short
BingX OP-USDC+0.0100%8h0.1264−0.197%$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1266−0.055%$121K$189K10xas long as short
edgeX OPUSDC+0.0100%4h0.1267+0.055%$4K$392K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1268+0.111%$308K$4.9M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1267+0.039%$43K$723K50xas long as short
SoDEX OP-USDshort+0.0100%1h0.1266−0.016%$186$6K5x
HTX OP-USDT+0.0100%8h0.1267+0.071%$175K$235K50xas long as short
Extended OP-USD+0.0104%1h0.1265−0.128%$102K$304K25xas long as short
Aevo OP-PERP+0.0104%1h0.1267+0.026%$3K$1K3xas long as short
BloFin OP-USDT+0.0220%8h0.1266−0.055%$1.0M$281K75xas long as short
Kraken Futures PF_OPUSD+0.0383%1h0.1267+0.045%$799K$754K20xas long as short
Reya OPRUSDPERP+0.0438%1h0.1266−0.034%$70420xas long as short