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 16:00 UTC+0.0170%/8h
next payment, per $10,000+$1.70paid, last 24h+0.022%paid, last 7 days+0.009%to open and close $10k−$47
Long on BinanceShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance OPUSDT0.1268−0.0154get 0.0154% / 8h1h 51m$20.5M$64.6M75x
ShortBybit OPUSDT0.12670.0016get 0.0016% / 8h1h 51m$17.8M$27.1M75x

Funding history

latest
Range statsloading…

Funding on every exchange

click an exchange to add or hide it
latest

Profit calculator

Funding earned
$35.76
Slippage, 4 orders
−$25.61
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$10.85
Break-even
9.1 days
Slippage from Binance: live order book, 8 min ago; Bybit: live order book, 4 min ago.

Price risk

price view
Price gap now
−0.048%
Avg gap 7d
−0.058%
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, 8 min ago0.39 bp10.6 bp −$1121.1 bp −$21193.4 bp −$9,344doesn't fit
Sell Bybit live order book, 4 min ago0.39 bp12.8 bp −$1330.2 bp −$30289.2 bp −$8,917doesn'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
ApeX Omni OPUSDT−0.0788%1h$45K$703K50xas long as short
Coinbase International OP-PERP-INTX−0.0328%1h$27K$85K50xas long as short
Binance OPUSDTlong−0.0154%8h$20.5M$64.6M75x
Extended OP-USD−0.0152%1h$101K$217K25xas long as short
MEXC OP_USDT−0.0147%8h$19.6M$8.7M300xas long as short
Orderly PERP_OP_USDC−0.0072%8h$6K$53K10xas long as short
Variational Omni OP−0.0057%8h$235K$39K—as long as short
BloFin OP-USDT−0.0034%8h$1.0M$577K75xas long as short
SoDEX OP-USD−0.0026%1h$162$5K5xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
dYdX OP-USD0.0000%1h$39K$1010xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h$48K$220K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0001%1h$2K—150xas long as short
Bybit OPUSDTshort+0.0016%8h$17.8M$27.1M75x
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+0.0076%8h$6.0M$32.2M50xas long as short
Lighter OP+0.0096%1h$365K$741K15xas long as short
Hyperliquid OP+0.0100%1h$4.0M$3.1M5xas long as short
Aster OPUSDT+0.0100%8h$199K$434K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.7M50xas long as short
KuCoin OPUSDTM+0.0100%8h$2.9M$6.7M75xas long as short
Bitget OPUSDT+0.0100%8h$5.9M$6.1M75xas long as short
BingX OP-USDT+0.0100%8h—$6.5M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$131K$165K10xas long as short
edgeX OPUSDC+0.0100%4h$4K$409K10xas long as short
HTX OP-USDT+0.0100%8h$191K$233K50xas long as short
Kraken Futures PF_OPUSD+0.0143%1h$782K$662K20xas long as short
Reya OPRUSDPERP+0.0430%1h$705—20xas long as short