data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb /

OP

all OP markets
SwapPrice view
Alert
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 15:00 UTC0.0000%/8h
paid, last 24h−0.002%paid, last 7 days−0.128%to open and close $10k−$58
Long on BackpackShort on edgeX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack OP_USDC_PERP0.12770.0100pay 0.0013% / 1h1m 53s$132K$167K10x
ShortedgeX OPUSDC0.12820.0100get 0.0050% / 4h1h 01m$10K$415K10x

Funding history

latest
Range statsloading…

Funding on every exchange

click an exchange to add or hide it
latest

Profit calculator

Funding earned
$0
Slippage, 4 orders
−$38.94
Fee Backpack: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$57.94
Break-even
never at this rate
Slippage from Backpack: live order book, 53 min ago; edgeX: live order book, 53 min ago.

Price risk

price view
Price gap now
+0.406%
Avg gap 7d
−0.061%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 53 min ago1.57 bp13.2 bp −$13doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 53 min ago7.82 bp15.4 bp −$15145.7 bp −$1,457doesn't fitdoesn't fit

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1469% / S +0.0291%1h$13K—100xas long as short
Coinbase International OP-PERP-INTX−0.0328%1h$27K$84K50xas long as short
Binance OPUSDT−0.0132%8h$20.8M$65.6M75xas long as short
MEXC OP_USDT−0.0131%8h$20.1M$9.0M300xas long as short
Extended OP-USD−0.0128%1h$102K$214K25xas long as short
Orderly PERP_OP_USDC−0.0082%8h$7K$53K10xas long as short
Variational Omni OP−0.0062%8h$237K$45K—as long as short
BloFin OP-USDT−0.0012%8h$1.0M$584K75xas long as short
dYdX OP-USD0.0000%1h$40K$1010xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h$48K$199K25xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) OP/USDL +0.0005% / S −0.0004%1h$1K—150xas long as short
Bybit OPUSDT+0.0016%8h$17.9M$27.4M75xas long as short
Injective OP/USDC PERP+0.0033%1h$25K$238K12xas long as short
Aevo OP-PERP+0.0048%1h$4K—3xas long as short
OKX OP-USDT-SWAP+0.0053%8h$6.1M$32.6M50xas long as short
Lighter OP+0.0096%1h$300K$825K15xas long as short
Hyperliquid OP+0.0100%1h$4.1M$3.1M5xas long as short
Aster OPUSDT+0.0100%8h$201K$433K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.7M50xas long as short
KuCoin OPUSDTM+0.0100%8h$2.9M$6.9M75xas long as short
Bitget OPUSDT+0.0100%8h$5.9M$6.1M75xas long as short
BingX OP-USDC+0.0100%8h—$1.6M—as long as short
Backpack OP_USDC_PERPlong+0.0100%1h$132K$167K10x
edgeX OPUSDCshort+0.0100%4h$10K$415K10x
ApeX Omni OPUSDT+0.0100%1h$46K$715K50xas long as short
SoDEX OP-USD+0.0100%1h$172$5K5xas long as short
HTX OP-USDT+0.0100%8h$192K$244K50xas long as short
Kraken Futures PF_OPUSD+0.0142%1h$788K$660K20xas long as short
Reya OPRUSDPERP+0.0430%1h$711—20xas long as short