OP

Alert

Funding spread now, next payment 16:00 UTC−0.0185%/8h

paid, last 24h−0.016%paid, last 5 days−0.015%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.015% in total (about -1.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo OP-PERP	0.1276	0.0048	pay 0.0006% / 1h	56m 00s	$4K	—	3x
Short	Binance OPUSDT	0.1277	−0.0137	pay 0.0137% / 8h	56m 00s	$20.9M	$65.7M	75x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee BinancebpOrdersRate

Funding earned: −$38.93
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: −$64.93
Break-even: never at this rate

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

Price risk

price view

Price gap now: +0.076%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Aevo no order-book sample	—	—	—	—	—
Sell Binance live order book, 3 min ago	0.39 bp	11.5 bp −$12	22.5 bp −$225	96.7 bp −$9,667	doesn't fit

Aevo: 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 29 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
GMX OP/USD [OP-USDC]	L −0.1469% / S +0.0291%	1h	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0296%	1h	$28K	$84K	50x	as long as short
Binance OPUSDTshort	−0.0137%	8h	$20.9M	$65.7M	75x
Extended OP-USD	−0.0136%	1h	$102K	$214K	25x	as long as short
MEXC OP_USDT	−0.0136%	8h	$20.2M	$8.5M	300x	as long as short
Orderly PERP_OP_USDC	−0.0083%	8h	$7K	$53K	10x	as long as short
Variational Omni OP	−0.0063%	8h	$236K	$45K	—	as long as short
BloFin OP-USDT	−0.0017%	8h	$1.0M	$583K	75x	as long as short
dYdX OP-USD	0.0000%	1h	$39K	$10	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	$49K	$200K	25x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) OP/USD	L +0.0005% / S −0.0004%	1h	$1K	—	150x	as long as short
Bybit OPUSDT	+0.0010%	8h	$17.9M	$27.4M	75x	as long as short
OKX OP-USDT-SWAP	+0.0045%	8h	$6.1M	$32.7M	50x	as long as short
Aevo OP-PERPlong	+0.0048%	1h	$4K	—	3x
Lighter OP	+0.0096%	1h	$300K	$826K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	$4.1M	$3.1M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	$201K	$433K	10x	as long as short
Gate OP_USDT	+0.0100%	8h	$1.8M	$1.6M	50x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	$2.8M	$6.9M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	$6.0M	$6.1M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	—	$6.7M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$133K	$167K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$9K	$377K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$46K	$714K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	$176	$5K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	$192K	$247K	50x	as long as short
Kraken Futures PF_OPUSD	+0.0239%	1h	$787K	$660K	20x	as long as short
Injective OP/USDC PERP	+0.0248%	1h	$25K	$184K	12x	as long as short
Reya OPRUSDPERP	+0.0431%	1h	$709	—	20x	as long as short