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

OP

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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 16:00 UTC−0.0088%/8h
next payment, per $10,000−$0.88paid, last 24h0.000%paid, last 7 days−0.010%to open and close $10k−$53
Long on BitgetShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget OPUSDT0.12820.0100pay 0.0100% / 8h1h 05m$6.0M$6.1M75x
ShortBybit OPUSDT0.12810.0012get 0.0012% / 8h1h 05m$18.0M$27.4M75x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$18.49
Slippage, 4 orders
−$30.21
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$71.7
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; Bybit: live order book, 4 min ago.

Price risk

price view
Price gap now
−0.094%
Avg gap 7d
−0.015%
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 Bitget live order book, 4 min ago7.81 bp13.8 bp −$1427.7 bp −$277101.0 bp −$10.1Kdoesn't fit
Sell Bybit live order book, 4 min ago0.39 bp10.1 bp −$1025.0 bp −$25085.4 bp −$8,538doesn't fit

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1469% / S +0.0291%1h$13K—100xas long as short
Coinbase International OP-PERP-INTX−0.0328%1h$27K$84K50xas long as short
MEXC OP_USDT−0.0132%8h$20.2M$8.9M300xas long as short
Binance OPUSDT−0.0131%8h$20.9M$65.6M75xas long as short
Extended OP-USD−0.0128%1h$103K$214K25xas long as short
Orderly PERP_OP_USDC−0.0081%8h$7K$53K10xas long as short
Variational Omni OP−0.0065%8h$235K$45K—as long as short
BloFin OP-USDT−0.0012%8h$1.0M$586K75xas long as short
dYdX OP-USD0.0000%1h$40K$1010xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h$48K$199K25xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) OP/USDL +0.0005% / S −0.0004%1h$1K—150xas long as short
Bybit OPUSDTshort+0.0012%8h$18.0M$27.4M75x
Injective OP/USDC PERP+0.0033%1h$25K$238K12xas long as short
Aevo OP-PERP+0.0048%1h$4K—3xas long as short
OKX OP-USDT-SWAP+0.0060%8h$6.1M$32.7M50xas long as short
Lighter OP+0.0096%1h$303K$824K15xas long as short
Hyperliquid OP+0.0100%1h$4.1M$3.1M5xas long as short
Aster OPUSDT+0.0100%8h$203K$433K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.7M50xas long as short
KuCoin OPUSDTM+0.0100%8h$2.9M$6.9M75xas long as short
Bitget OPUSDTlong+0.0100%8h$6.0M$6.1M75x
BingX OP-USDT+0.0100%8h—$6.7M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$133K$167K10xas long as short
edgeX OPUSDC+0.0100%4h$10K$414K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$46K$712K50xas long as short
SoDEX OP-USD+0.0100%1h$178$5K5xas long as short
HTX OP-USDT+0.0100%8h$192K$244K50xas long as short
Kraken Futures PF_OPUSD+0.0141%1h$792K$660K20xas long as short
Reya OPRUSDPERP+0.0430%1h$713—20xas long as short