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 +0.027%
Price spread now: HTX against OKX+0.008%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$700.704% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.083%+$8 on $10k
Price spread, last 3 days (all we have)+0.163%+$16 · spread now +0.008%, 7d avg +0.060%
Together, before fees+0.246%+$25 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 0.052% cheaper against OKX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.060%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX OP-USDT-SWAP0.12630.0100pay 0.0100% / 8h7h 38m$6.1M$29.9M50x
ShortHTX OP-USDT0.12630.0100get 0.0100% / 8h7h 38m$174K$234K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against OKX. 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: +0.008% → +0.060%
−$5.19
Slippage, 4 orders
−$48.38
Fee OKX: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$75.57
Costs to cover
0.704%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; HTX: live order book, 33 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 OKX live order book, 1 min ago0.40 bp14.4 bp −$1431.3 bp −$313doesn't fitdoesn't fit
Sell HTX live order book, 33 min ago7.85 bp31.2 bp −$31doesn'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−0.1656%1h0.1258−0.388%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1264+0.082%$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0352%1h0.1262−0.071%$21K$64K50xas long as short
Bybit OPUSDT−0.0095%8h0.1263+0.008%$18.3M$26.0M75xas long as short
dYdX OP-USD0.0000%1h0.1263−0.008%$39K$51910xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h0.1265+0.166%$42K$171K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1264+0.068%150xas long as short
Variational Omni OP+0.0049%8h0.1263−0.031%$230K$47Kas long as short
Orderly PERP_OP_USDC+0.0056%8h0.1264+0.087%$6K$49K10xas long as short
Lighter OP+0.0096%1h0.1265+0.158%$283K$948K15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid OP+0.0100%1h0.1266+0.214%$4.0M$2.9M5xas long as short
Aster OPUSDT+0.0100%8h0.1265+0.146%$211K$236K10xas long as short
Binance OPUSDT+0.0100%8h0.1264+0.107%$20.4M$62.0M75xas long as short
OKX OP-USDT-SWAPlong+0.0100%8h0.1263long leg$6.1M$29.9M50x
Gate OP_USDT+0.0100%8h0.1264+0.095%$1.9M$1.6M50xas long as short
MEXC OP_USDT+0.0100%8h0.1265+0.143%$20.1M$7.3M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1264+0.087%$2.9M$7.2M75xas long as short
Bitget OPUSDT+0.0100%8h0.1265+0.166%$6.0M$6.4M75xas long as short
BingX OP-USDT+0.0100%8h0.1264+0.063%$6.8Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1264+0.079%$121K$189K10xas long as short
edgeX OPUSDC+0.0100%4h0.1264+0.063%$4K$390K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1266+0.230%$311K$4.9M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1264+0.087%$43K$724K50xas long as short
SoDEX OP-USD+0.0100%1h0.1264+0.087%$183$6K5xas long as short
HTX OP-USDTshort+0.0100%8h0.1263+0.008%$174K$234K50x
Extended OP-USD+0.0104%1h0.1263+0.026%$101K$348K25xas long as short
Aevo OP-PERP+0.0104%1h0.1264+0.058%$3K$1K3xas long as short
BloFin OP-USDT+0.0220%8h0.1262−0.063%$1.0M$270K75xas long as short
Kraken Futures PF_OPUSD+0.0384%1h0.1265+0.171%$798K$754K20xas long as short
Reya OPRUSDPERP+0.0438%1h0.1263−0.022%$70220xas long as short