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 17:00 UTC−0.0120%/8h
paid, last 24h−0.041%paid, last 7 days−0.213%to open and close $10k−$30
Long on BackpackShort on MEXC
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack OP_USDC_PERP0.12630.0100pay 0.0013% / 1h20m 16s$136K$187K10x
ShortMEXC OP_USDT0.1258−0.0020pay 0.0020% / 8h7h 20m$20.1M$8.8M300x

Funding history

latest
Range statsloading…

Funding on every exchange

click an exchange to add or hide it
latest

Profit calculator

Funding earned
−$25.2
Slippage, 4 orders
−$19.52
Fee Backpack: 5 bp × 2 orders
−$10
Fee MEXC: 0 bp × 2 orders
$0
Net
−$54.72
Break-even
never at this rate
Slippage from Backpack: live order book, 24 min ago; MEXC: live order book, 10 min ago.

Price risk

price view
Price gap now
−0.388%
Avg gap 7d
−0.007%
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, 24 min ago1.97 bp11.8 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 10 min ago0.39 bp2.7 bp −$38.8 bp −$8857.4 bp −$5,741116.6 bp −$58.3K

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1162% / S +0.0245%1h$13K—100xas long as short
Bybit OPUSDT−0.0361%8h$17.8M$27.5M75xas long as short
Coinbase International OP-PERP-INTX−0.0304%1h$22K$85K50xas long as short
Variational Omni OP−0.0122%8h$233K$43K—as long as short
Orderly PERP_OP_USDC−0.0074%8h$6K$53K10xas long as short
Extended OP-USD−0.0024%1h$101K$208K25xas long as short
Binance OPUSDT−0.0020%8h$20.6M$68.7M75xas long as short
MEXC OP_USDTshort−0.0020%8h$20.1M$8.8M300x
dYdX OP-USD0.0000%1h$39K$1010xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h$47K$200K25xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h——150xas long as short
OKX OP-USDT-SWAP+0.0026%8h$6.0M$33.0M50xas long as short
Injective OP/USDC PERP+0.0033%1h$25K$184K12xas long as short
Aevo OP-PERP+0.0080%1h$4K—3xas long as short
Lighter OP+0.0096%1h$282K$900K15xas long as short
BloFin OP-USDT+0.0100%8h$1.0M$581K75xas long as short
Hyperliquid OP+0.0100%1h$3.9M$3.3M5xas long as short
Aster OPUSDT+0.0100%8h$212K$465K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.6M50xas long as short
KuCoin OPUSDTM+0.0100%8h$2.9M$7.4M75xas long as short
Bitget OPUSDT+0.0100%8h$6.0M$6.4M75xas long as short
BingX OP-USDT+0.0100%8h—$6.9M—as long as short
Backpack OP_USDC_PERPlong+0.0100%1h$136K$187K10x
edgeX OPUSDC+0.0100%4h$9K$378K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$45K$712K50xas long as short
SoDEX OP-USD+0.0100%1h$183$6K5xas long as short
HTX OP-USDT+0.0100%8h$180K$270K50xas long as short
Reya OPRUSDPERP+0.0432%1h$699—20xas long as short
Kraken Futures PF_OPUSD+0.0473%1h$782K$678K20xas long as short