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

OP

all OP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SoDEX against ApeX Omni−0.353%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 feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.353% cheaper against ApeX Omni than usual: you would sell low and buy high, −$35 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni OPUSDT0.12750.0100pay 0.0013% / 1h46m 33s$44K$706K50x
ShortSoDEX OP-USD0.12700.0100get 0.0013% / 1h46m 33s$207$6K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against ApeX Omni. 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: −0.353% → 0.000%
−$35.29
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$53.29
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 67 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 ApeX Omni live order book, 67 min ago11.76 bp19.9 bp −$20125.1 bp −$1,251doesn'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−0.1583%1h0.1267−0.627%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1270−0.384%$13K100xas long as short
Deribit OP_USDC-PERPETUAL−0.0537%1h0.1269−0.471%$41K$139K25xas long as short
dYdX OP-USD0.0000%1h0.1270−0.384%$39K$53210xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1271−0.340%150xas long as short
Variational Omni OP+0.0033%8h0.1274−0.092%$225K$48Kas long as short
Orderly PERP_OP_USDC+0.0049%8h0.1269−0.471%$60K$107K10xas long as short
Kraken Futures PF_OPUSD+0.0073%1h0.1272−0.256%$773K$552K20xas long as short
OKX OP-USDT-SWAP+0.0095%8h0.1259−1.255%$6.2M$28.6M50xas long as short
Lighter OP+0.0096%1h0.1270−0.408%$285K$979K15xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid OP+0.0100%1h0.1261−1.082%$3.7M$2.7M5xas long as short
Aster OPUSDT+0.0100%8h0.1260−1.206%$210K$216K10xas long as short
Binance OPUSDT+0.0100%8h0.1257−1.434%$20.3M$62.5M75xas long as short
Bybit OPUSDT+0.0100%8h0.1259−1.271%$18.6M$25.4M75xas long as short
Gate OP_USDT+0.0100%8h0.1269−0.463%$2.0M$1.5M50xas long as short
MEXC OP_USDT+0.0100%8h0.1260−1.153%$21.5M$7.2M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1258−1.333%$2.8M$6.3M75xas long as short
Bitget OPUSDT+0.0100%8h0.1260−1.176%$5.8M$6.6M75xas long as short
BingX OP-USDT+0.0100%8h0.1257−1.412%$6.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1269−0.471%$109K$211K10xas long as short
edgeX OPUSDC+0.0100%4h0.1276+0.040%$386K$768K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1275−0.004%$312K$5.1M10xas long as short
ApeX Omni OPUSDTlong+0.0100%1h0.1275long leg$44K$706K50x
SoDEX OP-USDshort+0.0100%1h0.1270−0.353%$207$6K5x
HTX OP-USDT+0.0100%8h0.1273−0.196%$172K$231K50xas long as short
Extended OP-USD+0.0104%1h0.1256−1.489%$101K$505K25xas long as short
Aevo OP-PERP+0.0104%1h0.1269−0.454%$3K$1K3xas long as short
Coinbase International OP-PERP-INTX+0.0160%1h0.12750.000%$25K$57K50xas long as short
BloFin OP-USDT+0.0220%8h0.1270−0.400%$1.0M$280K75xas long as short
Reya OPRUSDPERP+0.0442%1h0.1259−1.217%$70020xas long as short