Funding arb · Price arb /

OP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against SoDEX−0.089%75s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on edgeX

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.089% cheaper against SoDEX than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX OP-USD	0.1255	0.0100	pay 0.0013% / 1h	6m 16s	$205	$6K	5x
Short	edgeX OPUSDC	0.1254	0.0100	get 0.0050% / 4h	1h 06m	$4K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against SoDEX. 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

Position, each leg$Hold fordaysFee SoDEXbpFee edgeXbpOrdersPrice spread, now −0.089%Rate

Funding earned: $0
Price spread: −0.089% → 0.000%: −$8.86
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$25.86
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; edgeX: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SoDEX no order-book sample	—	—	—	—	—
Sell edgeX live order book, 3 min ago	39.84 bp	51.3 bp −$51	164.8 bp −$1,648	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective OP/USDC PERP	−0.1760%	1h	0.1247	−0.622%	$34K	$59K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.0898% / S +0.0202%	1h	0.1255	+0.032%	$13K	—	100x	as long as short
Orderly PERP_OP_USDC	−0.0055%	8h	0.1256	+0.096%	$12K	$236K	10x	as long as short
Kraken Futures PF_OPUSD	−0.0034%	1h	0.1255	+0.031%	$754K	$665K	20x	as long as short
dYdX OP-USD	0.0000%	1h	0.1256	+0.077%	$39K	$522	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	0.1256	+0.096%	$32K	$154K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1256	+0.091%	—	—	150x	as long as short
Variational Omni OP	+0.0011%	8h	0.1253	−0.106%	$221K	$46K	—	as long as short
Coinbase International OP-PERP-INTX	+0.0032%	1h	0.1253	−0.143%	$24K	$65K	50x	as long as short
KuCoin OPUSDTM	+0.0074%	8h	0.1254	−0.064%	$2.8M	$6.2M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter OP	+0.0096%	1h	0.1256	+0.080%	$275K	$1.1M	15x	as long as short
Hyperliquid OP	+0.0100%	1h	0.1257	+0.159%	$3.5M	$3.7M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	0.1256	+0.079%	$206K	$210K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1255	+0.042%	$19.8M	$67.1M	75x	as long as short
Bybit OPUSDT	+0.0100%	8h	0.1255	+0.032%	$18.4M	$26.1M	75x	as long as short
OKX OP-USDT-SWAP	+0.0100%	8h	0.1255	+0.024%	$6.1M	$29.5M	50x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1255	+0.040%	$2.0M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1256	+0.064%	$22.5M	$8.0M	300x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1255	+0.016%	$5.7M	$6.9M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1255	+0.040%	—	$6.8M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1255	−0.016%	$115K	$220K	10x	as long as short
edgeX OPUSDCshort	+0.0100%	4h	0.1254	−0.089%	$4K	$1.1M	10x
GRVT OP_USDT_Perp	+0.0100%	8h	0.1253	−0.138%	$310K	$5.2M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1255	+0.016%	$43K	$697K	50x	as long as short
SoDEX OP-USDlong	+0.0100%	1h	0.1255	long leg	$205	$6K	5x
HTX OP-USDT	+0.0100%	8h	0.1255	+0.016%	$168K	$255K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1254	−0.046%	$102K	$506K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1255	−0.024%	$3K	$1K	3x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1255	0.000%	$991K	$324K	75x	as long as short
Reya OPRUSDPERP	+0.0444%	1h	0.1256	+0.063%	$698	—	20x	as long as short