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

OP

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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 UTC−0.0236%/8h
next payment, per $10,000−$0.29paid, last 24h−0.029%paid, last 7 days−0.212%to open and close $10k−$66
Long on BackpackShort on Extended
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack OP_USDC_PERP0.12810.0100pay 0.0013% / 1h54m 53s$133K$162K10x
ShortExtended OP-USD0.1279−0.0136pay 0.0017% / 1h54m 53s$102K$217K25x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$49.56
Slippage, 4 orders
−$50.61
Fee Backpack: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$115.17
Break-even
never at this rate
Slippage from Backpack: live order book, 65 min ago; Extended: live order book, 64 min ago.

Price risk

price view
Price gap now
−0.134%
Avg gap 7d
−0.080%
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, 65 min ago1.52 bp14.9 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 64 min ago11.45 bp20.2 bp −$20137.0 bp −$1,370doesn't fitdoesn't fit

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1208% / S +0.0249%1h$13K—100xas long as short
Deribit OP_USDC-PERPETUAL−0.0530%1h$40K$212K25xas long as short
Coinbase International OP-PERP-INTX−0.0328%1h$27K$86K50xas long as short
Extended OP-USDshort−0.0136%1h$102K$217K25x
Binance OPUSDT−0.0135%8h$20.7M$63.8M75xas long as short
MEXC OP_USDT−0.0135%8h$19.7M$8.6M300xas long as short
Orderly PERP_OP_USDC−0.0067%8h$7K$51K10xas long as short
Variational Omni OP−0.0057%8h$235K$39K—as long as short
SoDEX OP-USD−0.0026%1h$171$5K5xas long as short
BloFin OP-USDT−0.0015%8h$1.0M$580K75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
dYdX OP-USD0.0000%1h$40K$1010xas long as short
gTrade (Gains Network) OP/USDL +0.0005% / S −0.0004%1h$1K—150xas long as short
Bybit OPUSDT+0.0015%8h$18.1M$26.7M75xas long as short
Injective OP/USDC PERP+0.0033%1h$25K$185K12xas long as short
Aevo OP-PERP+0.0048%1h$4K—3xas long as short
OKX OP-USDT-SWAP+0.0075%8h$6.2M$31.5M50xas long as short
Hyperliquid OP+0.0100%1h$4.1M$3.0M5xas long as short
Aster OPUSDT+0.0100%8h$202K$438K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.6M50xas long as short
KuCoin OPUSDTM+0.0100%8h$2.9M$6.7M75xas long as short
Bitget OPUSDT+0.0100%8h$6.0M$6.0M75xas long as short
BingX OP-USDT+0.0100%8h—$6.5M—as long as short
Backpack OP_USDC_PERPlong+0.0100%1h$133K$162K10x
edgeX OPUSDC+0.0100%4h$4K$407K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$46K$704K50xas long as short
HTX OP-USDT+0.0100%8h$191K$228K50xas long as short
Kraken Futures PF_OPUSD+0.0141%1h$786K$658K20xas long as short
Lighter OP+0.0296%1h$369K$738K15xas long as short
Reya OPRUSDPERP+0.0430%1h$713—20xas long as short