OP

Alert

Funding spread now, next payment 16:00 UTC−0.0240%/8h

next payment, per $10,000−$2.40paid, last 24h−0.022%paid, last 7 days−0.019%to open and close $10k−$52

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.019% in total (about -1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.40 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	Bitget OPUSDT	0.1273	0.0100	pay 0.0100% / 8h	1h 53m	$5.9M	$6.0M	75x
Short	Binance OPUSDT	0.1272	−0.0140	pay 0.0140% / 8h	1h 53m	$20.6M	$63.9M	75x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee BinancebpOrdersRate

Funding earned: −$50.41
Slippage, 4 orders: −$29.94
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$102.35
Break-even: never at this rate

Slippage from Bitget: live order book, 6 min ago; Binance: live order book, 5 min ago.

Price risk

price view

Price gap now: −0.070%
Avg gap 7d: +0.044%

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 Bitget live order book, 6 min ago	3.87 bp	14.9 bp −$15	28.9 bp −$289	112.7 bp −$11.3K	doesn't fit
Sell Binance live order book, 5 min ago	0.39 bp	11.3 bp −$11	22.4 bp −$224	89.0 bp −$8,901	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 −0.1208% / S +0.0249%	1h	$13K	—	100x	as long as short
Deribit OP_USDC-PERPETUAL	−0.0532%	1h	$40K	$212K	25x	as long as short
Coinbase International OP-PERP-INTX	−0.0328%	1h	$27K	$86K	50x	as long as short
Extended OP-USD	−0.0144%	1h	$102K	$217K	25x	as long as short
Binance OPUSDTshort	−0.0140%	8h	$20.6M	$63.9M	75x
MEXC OP_USDT	−0.0135%	8h	$19.6M	$8.6M	300x	as long as short
Orderly PERP_OP_USDC	−0.0067%	8h	$7K	$51K	10x	as long as short
Variational Omni OP	−0.0057%	8h	$235K	$39K	—	as long as short
SoDEX OP-USD	−0.0042%	1h	$166	$5K	5x	as long as short
BloFin OP-USDT	−0.0015%	8h	$1.0M	$580K	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX OP-USD	0.0000%	1h	$40K	$10	10x	as long as short
gTrade (Gains Network) OP/USD	L +0.0005% / S −0.0004%	1h	$1K	—	150x	as long as short
Bybit OPUSDT	+0.0015%	8h	$18.0M	$26.7M	75x	as long as short
Injective OP/USDC PERP	+0.0033%	1h	$25K	$185K	12x	as long as short
Aevo OP-PERP	+0.0048%	1h	$4K	—	3x	as long as short
OKX OP-USDT-SWAP	+0.0074%	8h	$6.2M	$31.4M	50x	as long as short
Lighter OP	+0.0096%	1h	$368K	$738K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	$4.1M	$3.0M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	$201K	$438K	10x	as long as short
Gate OP_USDT	+0.0100%	8h	$1.8M	$1.6M	50x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	$2.9M	$6.7M	75x	as long as short
Bitget OPUSDTlong	+0.0100%	8h	$5.9M	$6.0M	75x
BingX OP-USDT	+0.0100%	8h	—	$6.5M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$132K	$162K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$4K	$407K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$46K	$704K	50x	as long as short
HTX OP-USDT	+0.0100%	8h	$190K	$227K	50x	as long as short
Kraken Futures PF_OPUSD	+0.0142%	1h	$784K	$657K	20x	as long as short
Reya OPRUSDPERP	+0.0430%	1h	$710	—	20x	as long as short