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+0.0022%/8h
next payment, per $10,000+$0.22paid, last 24h−0.001%paid, last 3 days−0.070%to open and closeno order book
Long on BinanceShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance OPUSDT0.1259−0.0088get 0.0088% / 8h9m 21s$20.9M$69.2M75x
ShortVariational Omni OP0.1256−0.0066pay 0.0066% / 8h9m 21s$231K$46K—

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$4.6
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$5.4
Break-even
15.2 days
Slippage unknown: Binance: live order book, 5 min ago; Variational Omni: RFQ quote, 41 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.204%
Avg gap 7d
−0.053%
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, 5 min ago0.40 bp9.9 bp −$1020.5 bp −$20598.0 bp −$9,799doesn't fit
Sell Variational Omni RFQ quote, 41 min ago7.84 bpdoesn't fit23.5 bp −$235doesn'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$91K50xas long as short
MEXC OP_USDT−0.0090%8h$20.0M$8.8M300xas long as short
Binance OPUSDTlong−0.0088%8h$20.9M$69.2M75x
Extended OP-USD−0.0088%1h$101K$213K25xas long as short
Orderly PERP_OP_USDC−0.0077%8h$7K$54K10xas long as short
Variational Omni OPshort−0.0066%8h$231K$46K—
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$1K—150xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bybit OPUSDT+0.0028%8h$17.8M$28.2M75xas long as short
BloFin OP-USDT+0.0032%8h$1.1M$584K75xas long as short
OKX OP-USDT-SWAP+0.0037%8h$6.0M$33.3M50xas long as short
Aevo OP-PERP+0.0056%1h$4K—3xas long as short
Lighter OP+0.0096%1h$295K$836K15xas long as short
Hyperliquid OP+0.0100%1h$3.9M$3.3M5xas long as short
Aster OPUSDT+0.0100%8h$212K$469K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.8M50xas long as short
KuCoin OPUSDTM+0.0100%8h$2.8M$7.3M75xas long as short
Bitget OPUSDT+0.0100%8h$5.9M$6.5M75xas long as short
BingX OP-USDC+0.0100%8h—$1.6M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$133K$180K10xas long as short
edgeX OPUSDC+0.0100%4h$10K$377K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$45K$714K50xas long as short
SoDEX OP-USD+0.0100%1h$179$5K5xas long as short
HTX OP-USDT+0.0100%8h$180K$277K50xas long as short
Kraken Futures PF_OPUSD+0.0243%1h$781K$672K20xas long as short
Injective OP/USDC PERP+0.0248%1h$25K$184K12xas long as short
Reya OPRUSDPERP+0.0431%1h$699—20xas long as short