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 17:00 UTC−0.0004%/8h
paid, last 24h−0.001%paid, last 7 days+0.013%to open and close $10k−$45
Long on BitgetShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget OPUSDT0.12590.0100pay 0.0100% / 8h7h 19m$6.0M$6.4M75x
ShortLighter OP0.12590.0096get 0.0012% / 1h19m 18s$282K$900K15x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$0.84
Slippage, 4 orders
−$33.05
Fee Bitget: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$45.89
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; Lighter: live order book, 18 min ago.

Price risk

price view
Price gap now
−0.024%
Avg gap 7d
+0.040%
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, 5 min ago3.95 bp11.3 bp −$1125.1 bp −$251110.5 bp −$11.1Kdoesn't fit
Sell Lighter live order book, 18 min ago4.72 bp9.7 bp −$1035.2 bp −$352doesn't fitdoesn't fit

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1162% / S +0.0245%1h$13K—100xas long as short
Bybit OPUSDT−0.0349%8h$17.8M$27.5M75xas long as short
Coinbase International OP-PERP-INTX−0.0304%1h$22K$85K50xas long as short
Variational Omni OP−0.0122%8h$233K$43K—as long as short
Orderly PERP_OP_USDC−0.0074%8h$6K$53K10xas long as short
Extended OP-USD−0.0024%1h$101K$208K25xas long as short
MEXC OP_USDT−0.0020%8h$20.1M$8.8M300xas long as short
Binance OPUSDT−0.0019%8h$20.6M$68.6M75xas long as short
dYdX OP-USD0.0000%1h$39K$1010xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h$47K$200K25xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h——150xas long as short
OKX OP-USDT-SWAP+0.0026%8h$6.0M$33.0M50xas long as short
Injective OP/USDC PERP+0.0033%1h$25K$184K12xas long as short
Aevo OP-PERP+0.0072%1h$4K—3xas long as short
Lighter OPshort+0.0096%1h$282K$900K15x
BloFin OP-USDT+0.0100%8h$1.0M$581K75xas long as short
Hyperliquid OP+0.0100%1h$3.9M$3.3M5xas long as short
Aster OPUSDT+0.0100%8h$212K$465K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.6M50xas long as short
KuCoin OPUSDTM+0.0100%8h$2.9M$7.4M75xas long as short
Bitget OPUSDTlong+0.0100%8h$6.0M$6.4M75x
BingX OP-USDC+0.0100%8h—$1.6M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$136K$187K10xas long as short
edgeX OPUSDC+0.0100%4h$9K$378K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$45K$713K50xas long as short
SoDEX OP-USD+0.0100%1h$183$6K5xas long as short
HTX OP-USDT+0.0100%8h$179K$270K50xas long as short
Reya OPRUSDPERP+0.0432%1h$700—20xas long as short
Kraken Futures PF_OPUSD+0.0473%1h$782K$678K20xas long as short