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+0.0140%/8h
paid, last 24h−0.001%paid, last 7 days+0.032%to open and close $10k−$93
Long on BitgetShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget OPUSDT0.12740.0100pay 0.0100% / 8h46m 10s$5.9M$6.2M75x
ShortKraken Futures PF_OPUSD0.12740.0240get 0.0030% / 1h46m 10s$785K$658K20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$29.39
Slippage, 4 orders
−$71.21
Fee Bitget: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$63.81
Break-even
22.2 days
Slippage from Bitget: live order book, 3 min ago; Kraken Futures: live order book, 4 min ago.

Price risk

price view
Price gap now
+0.036%
Avg gap 7d
+0.091%
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, 3 min ago3.93 bp17.8 bp −$1833.2 bp −$332113.1 bp −$11.3Kdoesn't fit
Sell Kraken Futures live order book, 4 min ago20.77 bp34.6 bp −$3587.4 bp −$874doesn't fitdoesn't fit

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1469% / S +0.0291%1h$13K—100xas long as short
Coinbase International OP-PERP-INTX−0.0296%1h$28K$85K50xas long as short
Binance OPUSDT−0.0128%8h$21.0M$66.1M75xas long as short
Extended OP-USD−0.0128%1h$102K$214K25xas long as short
MEXC OP_USDT−0.0128%8h$20.2M$8.5M300xas long as short
Orderly PERP_OP_USDC−0.0081%8h$7K$52K10xas long as short
Variational Omni OP−0.0065%8h$235K$45K—as long as short
BloFin OP-USDT−0.0009%8h$1.0M$585K75xas long as short
dYdX OP-USD0.0000%1h$39K$1010xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h$49K$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 OPUSDT+0.0018%8h$17.9M$27.4M75xas long as short
OKX OP-USDT-SWAP+0.0047%8h$6.1M$32.7M50xas long as short
Aevo OP-PERP+0.0048%1h$4K—3xas long as short
Lighter OP+0.0096%1h$298K$829K15xas long as short
Hyperliquid OP+0.0100%1h$4.1M$3.1M5xas long as short
Aster OPUSDT+0.0100%8h$201K$441K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.7M50xas long as short
KuCoin OPUSDTM+0.0100%8h$2.8M$7.0M75xas long as short
Bitget OPUSDTlong+0.0100%8h$5.9M$6.2M75x
BingX OP-USDC+0.0100%8h—$1.6M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$133K$168K10xas long as short
edgeX OPUSDC+0.0100%4h$9K$379K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$46K$714K50xas long as short
SoDEX OP-USD+0.0100%1h$175$5K5xas long as short
HTX OP-USDT+0.0100%8h$191K$247K50xas long as short
Kraken Futures PF_OPUSDshort+0.0240%1h$785K$658K20x
Injective OP/USDC PERP+0.0248%1h$25K$184K12xas long as short
Reya OPRUSDPERP+0.0431%1h$708—20xas long as short