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

OP

all OP markets
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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 00:00 UTC+0.0120%/8h
next payment, per $10,000+$1.20paid, last 24h+0.030%paid, last 7 days+0.212%to open and close $10k−$48
Long on BinanceShort on BloFin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance OPUSDT0.1260−0.0067get 0.0067% / 8h7h 57m$21.0M$69.3M75x
ShortBloFin OP-USDT0.12600.0053get 0.0053% / 8h7h 57m$1.0M$583K75x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$25.2
Slippage, 4 orders
−$26.28
Fee Binance: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$23.08
Break-even
13.4 days
Slippage from Binance: live order book, 2 min ago; BloFin: live order book, 1 min ago.

Price risk

price view
Price gap now
0.000%
Avg gap 7d
+0.011%
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, 2 min ago1.19 bp10.9 bp −$1119.9 bp −$199104.2 bp −$10.4Kdoesn't fit
Sell BloFin live order book, 1 min ago0.40 bp14.3 bp −$1425.7 bp −$25769.8 bp −$6,983doesn'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−0.0304%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$54K10xas long as short
Binance OPUSDTlong−0.0067%8h$21.0M$69.3M75x
MEXC OP_USDT−0.0066%8h$20.2M$8.6M300xas long as short
Extended OP-USD−0.0064%1h$101K$212K25xas long as short
Bybit OPUSDT−0.0047%8h$17.8M$28.0M75xas long as short
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
Injective OP/USDC PERP+0.0033%1h$25K$184K12xas long as short
OKX OP-USDT-SWAP+0.0037%8h$6.0M$33.3M50xas long as short
BloFin OP-USDTshort+0.0053%8h$1.0M$583K75x
Aevo OP-PERP+0.0064%1h$4K—3xas long as short
Lighter OP+0.0096%1h$282K$827K15xas long as short
Hyperliquid OP+0.0100%1h$3.9M$3.3M5xas long as short
Aster OPUSDT+0.0100%8h$214K$470K10xas 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$5.9M$6.6M75xas long as short
BingX OP-USDT+0.0100%8h—$6.8M—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 OPUSDT+0.0100%1h$45K$713K50xas long as short
SoDEX OP-USD+0.0100%1h$193$5K5xas long as short
HTX OP-USDT+0.0100%8h$181K$275K50xas long as short
Reya OPRUSDPERP+0.0431%1h$700—20xas long as short
Kraken Futures PF_OPUSD+0.0472%1h$781K$672K20xas long as short