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

OP

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Funding spread now, next payment 16:00 UTC+0.0168%/8h
paid, last 24h+0.022%paid, last 7 days+0.086%to open and close $10k−$61
Long on BinanceShort on ApeX Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance OPUSDT0.1260−0.0068get 0.0068% / 8h7h 59m$21.0M$69.3M75x
ShortApeX Omni OPUSDT0.12620.0100get 0.0013% / 1h59m 38s$45K$712K50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$35.23
Slippage, 4 orders
−$41.26
Fee Binance: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$26.03
Break-even
12.2 days
Slippage from Binance: live order book, 14 min ago; ApeX Omni: live order book, 50 min ago.

Price risk

price view
Price gap now
+0.151%
Avg gap 7d
+0.042%
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 Binance live order book, 14 min ago0.40 bp9.9 bp −$1020.5 bp −$20598.0 bp −$9,799doesn't fit
Sell ApeX Omni live order book, 50 min ago11.76 bp21.5 bp −$22122.2 bp −$1,222doesn't fitdoesn't fit

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1440% / S +0.0291%1h$13K—100xas long as short
Coinbase International OP-PERP-INTX−0.0296%1h$22K$90K50xas long as short
Variational Omni OP−0.0079%8h$233K$46K—as long as short
Orderly PERP_OP_USDC−0.0077%8h$7K$53K10xas long as short
Extended OP-USD−0.0072%1h$101K$212K25xas long as short
MEXC OP_USDT−0.0070%8h$20.1M$8.6M300xas long as short
Binance OPUSDTlong−0.0068%8h$21.0M$69.3M75x
dYdX OP-USD0.0000%1h$39K$1010xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h$47K$200K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h——150xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
OKX OP-USDT-SWAP+0.0034%8h$6.0M$33.3M50xas long as short
BloFin OP-USDT+0.0047%8h$1.1M$584K75xas long as short
Aevo OP-PERP+0.0064%1h$4K—3xas long as short
Lighter OP+0.0096%1h$294K$807K15xas long as short
Aster OPUSDT+0.0100%8h$214K$470K10xas long as short
Bybit OPUSDT+0.0100%8h$17.8M$28.1M75xas 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$6.5M75xas long as short
BingX OP-USDC+0.0100%8h—$1.6M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$137K$183K10xas long as short
edgeX OPUSDC+0.0100%4h$8K$381K10xas long as short
ApeX Omni OPUSDTshort+0.0100%1h$45K$712K50x
SoDEX OP-USD+0.0100%1h$195$5K5xas long as short
HTX OP-USDT+0.0100%8h$181K$277K50xas long as short
Hyperliquid OP+0.0135%1h$3.9M$3.3M5xas long as short
Kraken Futures PF_OPUSD+0.0242%1h$782K$671K20xas long as short
Injective OP/USDC PERP+0.0248%1h$25K$184K12xas long as short
Reya OPRUSDPERP+0.0431%1h$701—20xas long as short