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 00:00 UTC−0.0226%/8h
next payment, per $10,000−$2.26paid, last 24h−0.033%paid, last 3 days−0.135%to open and closeno order book
Long on BitgetShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget OPUSDT0.12440.0100pay 0.0100% / 8h6h 38m$5.9M$6.2M75x
ShortVariational Omni OP0.1243−0.0126pay 0.0126% / 8h6h 38m$226K$45K—

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$47.39
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$59.39
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 1 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.119%
Avg gap 7d
−0.039%
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, 1 min ago4.02 bp14.0 bp −$1423.6 bp −$236101.8 bp −$10.2Kdoesn't fit
Sell Variational Omni RFQ quote, 2 min ago8.06 bpdoesn't fit24.2 bp −$242doesn't fitdoesn't fit

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1436% / S +0.0290%1h$13K—100xas long as short
Coinbase International OP-PERP-INTX−0.0344%1h$21K$74K50xas long as short
Variational Omni OPshort−0.0126%8h$226K$45K—
Orderly PERP_OP_USDC−0.0068%8h$6K$53K10xas long as short
Bybit OPUSDT−0.0063%8h$17.7M$26.1M75xas long as short
dYdX OP-USD0.0000%1h$38K$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——150xas long as short
MEXC OP_USDT+0.0006%8h$19.8M$8.2M300xas long as short
Extended OP-USD+0.0008%1h$99K$207K25xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Binance OPUSDT+0.0008%8h$20.2M$65.8M75xas long as short
OKX OP-USDT-SWAP+0.0009%8h$5.8M$31.7M50xas long as short
BloFin OP-USDT+0.0025%8h$1.0M$373K75xas long as short
Injective OP/USDC PERP+0.0033%1h$25K$134K12xas long as short
Aevo OP-PERP+0.0080%1h$4K—3xas long as short
Lighter OP+0.0096%1h$267K$914K15xas long as short
Hyperliquid OP+0.0100%1h$3.9M$3.2M5xas long as short
Aster OPUSDT+0.0100%8h$206K$226K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.4M50xas long as short
KuCoin OPUSDTM+0.0100%8h$2.9M$7.3M75xas long as short
Bitget OPUSDTlong+0.0100%8h$5.9M$6.2M75x
BingX OP-USDT+0.0100%8h—$7.0M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$132K$187K10xas long as short
edgeX OPUSDC+0.0100%4h$9K$380K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$45K$712K50xas long as short
SoDEX OP-USD+0.0100%1h$188$6K5xas long as short
HTX OP-USDT+0.0100%8h$177K$264K50xas long as short
Reya OPRUSDPERP+0.0432%1h$692—20xas long as short
Kraken Futures PF_OPUSD+0.0616%1h$773K$671K20xas long as short