OP

Alert

Funding spread now, next payment 16:00 UTC+0.0232%/8h

next payment, per $10,000+$2.32paid, last 24h−0.009%paid, last 7 days−0.101%to open and close $10k−$65

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.101% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance OPUSDT	0.1276	−0.0132	get 0.0132% / 8h	1h 01m	$20.8M	$65.6M	75x
Short	Gate OP_USDT	0.1277	0.0100	get 0.0100% / 8h	1h 01m	$1.8M	$1.7M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee GatebpOrdersRate

Funding earned: $48.67
Slippage, 4 orders: −$40.08
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$16.41
Break-even: 9.4 days

Slippage from Binance: live order book, 12 min ago; Gate: live order book, 2 min ago.

Price risk

price view

Price gap now: +0.090%
Avg gap 7d: −0.038%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 12 min ago	0.39 bp	9.9 bp −$10	21.3 bp −$213	94.3 bp −$9,425	doesn't fit
Sell Gate live order book, 2 min ago	5.08 bp	24.3 bp −$24	58.9 bp −$589	doesn't fit	doesn't fit

OP on 29 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
GMX OP/USD [OP-USDC]	L −0.1469% / S +0.0291%	1h	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0328%	1h	$27K	$84K	50x	as long as short
Binance OPUSDTlong	−0.0132%	8h	$20.8M	$65.6M	75x
MEXC OP_USDT	−0.0131%	8h	$20.1M	$9.0M	300x	as long as short
Extended OP-USD	−0.0128%	1h	$102K	$214K	25x	as long as short
Orderly PERP_OP_USDC	−0.0082%	8h	$7K	$53K	10x	as long as short
Variational Omni OP	−0.0062%	8h	$237K	$45K	—	as long as short
BloFin OP-USDT	−0.0012%	8h	$1.0M	$584K	75x	as long as short
dYdX OP-USD	0.0000%	1h	$40K	$10	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	$48K	$199K	25x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) OP/USD	L +0.0005% / S −0.0004%	1h	$1K	—	150x	as long as short
Bybit OPUSDT	+0.0016%	8h	$17.9M	$27.4M	75x	as long as short
Injective OP/USDC PERP	+0.0033%	1h	$25K	$238K	12x	as long as short
Aevo OP-PERP	+0.0048%	1h	$4K	—	3x	as long as short
OKX OP-USDT-SWAP	+0.0053%	8h	$6.1M	$32.6M	50x	as long as short
Lighter OP	+0.0096%	1h	$300K	$825K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	$4.1M	$3.1M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	$201K	$433K	10x	as long as short
Gate OP_USDTshort	+0.0100%	8h	$1.8M	$1.7M	50x
KuCoin OPUSDTM	+0.0100%	8h	$2.9M	$6.9M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	$5.9M	$6.1M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$132K	$167K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$10K	$415K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$46K	$715K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	$172	$5K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	$192K	$244K	50x	as long as short
Kraken Futures PF_OPUSD	+0.0142%	1h	$788K	$660K	20x	as long as short
Reya OPRUSDPERP	+0.0430%	1h	$711	—	20x	as long as short