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

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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 19:00 UTC−0.0220%/8h
paid, last 24h−0.033%paid, last 3 days−0.308%to open and closeno order book
Long on BackpackShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack OP_USDC_PERP0.12340.0100pay 0.0013% / 1h55m 30s$126K$199K10x
ShortVariational Omni OP0.1234−0.0120pay 0.0120% / 8h5h 55m$224K$42K—

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$46.21
Slippage, 4 orders
no order book: not counted
Fee Backpack: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$56.21
Break-even
never at this rate
Slippage unknown: Backpack: live order book, 44 min ago; Variational Omni: RFQ quote, 45 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.014%
Avg gap 7d
−0.045%
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, 44 min ago2.82 bp12.8 bp −$13doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 45 min ago8.06 bpdoesn't fit24.2 bp −$242doesn't fitdoesn't fit

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective OP/USDC PERP−0.1842%1h$34K$86K12xas long as short
GMX OP/USD [OP-USDC]L −0.1436% / S +0.0290%1h$13K—100xas long as short
Coinbase International OP-PERP-INTX−0.0336%1h$21K$69K50xas long as short
Variational Omni OPshort−0.0120%8h$224K$42K—
Orderly PERP_OP_USDC−0.0054%8h$6K$54K10xas long as short
Bybit OPUSDT−0.0009%8h$17.9M$26.7M75xas long as short
dYdX OP-USD0.0000%1h$38K$1010xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h$43K$188K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h——150xas long as short
OKX OP-USDT-SWAP+0.0014%8h$5.7M$31.1M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate OP_USDT+0.0060%8h$1.8M$1.4M50xas long as short
Extended OP-USD+0.0064%1h$99K$206K25xas long as short
MEXC OP_USDT+0.0064%8h$19.6M$7.3M300xas long as short
Binance OPUSDT+0.0064%8h$19.7M$66.5M75xas long as short
ApeX Omni OPUSDT+0.0096%1h$44K$718K50xas long as short
Lighter OP+0.0096%1h$267K$904K15xas long as short
Aevo OP-PERP+0.0096%1h$4K—3xas long as short
Hyperliquid OP+0.0100%1h$3.8M$3.2M5xas long as short
Aster OPUSDT+0.0100%8h$211K$266K10xas long as short
KuCoin OPUSDTM+0.0100%8h$2.9M$7.5M75xas long as short
Bitget OPUSDT+0.0100%8h$5.8M$6.3M75xas long as short
BingX OP-USDT+0.0100%8h—$6.6M—as long as short
Backpack OP_USDC_PERPlong+0.0100%1h$126K$199K10x
edgeX OPUSDC+0.0100%4h$9K$378K10xas long as short
SoDEX OP-USD+0.0100%1h$199$6K5xas long as short
HTX OP-USDT+0.0100%8h$176K$273K50xas long as short
BloFin OP-USDT+0.0183%8h$1.0M$336K75xas long as short
Reya OPRUSDPERP+0.0433%1h$689—20xas long as short
Kraken Futures PF_OPUSD+0.0545%1h$767K$780K20xas long as short