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

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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+0.0068%/8h
paid, last 24h−0.006%paid, last 7 days+0.013%to open and close $10k−$48
Long on BloFinShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin OP-USDT0.12600.0032pay 0.0032% / 8h9m 01s$1.1M$584K75x
ShortBackpack OP_USDC_PERP0.12590.0100get 0.0013% / 1h9m 01s$133K$180K10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$14.37
Slippage, 4 orders
−$25.62
Fee BloFin: 6 bp × 2 orders
−$12
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$33.25
Break-even
23.2 days
Slippage from BloFin: live order book, 5 min ago; Backpack: live order book, 41 min ago.

Price risk

price view
Price gap now
−0.056%
Avg gap 7d
−0.013%
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 BloFin live order book, 5 min ago1.19 bp12.3 bp −$1220.6 bp −$20667.0 bp −$6,697doesn't fit
Sell Backpack live order book, 41 min ago1.96 bp9.6 bp −$10doesn't fitdoesn't fitdoesn't fit

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1440% / S +0.0291%1h$13K—100xas long as short
Coinbase International OP-PERP-INTX−0.0296%1h$22K$91K50xas long as short
MEXC OP_USDT−0.0090%8h$20.0M$8.8M300xas long as short
Binance OPUSDT−0.0088%8h$20.9M$69.2M75xas long as short
Extended OP-USD−0.0088%1h$101K$213K25xas long as short
Orderly PERP_OP_USDC−0.0077%8h$7K$54K10xas long as short
Variational Omni OP−0.0066%8h$231K$46K—as long as short
dYdX OP-USD0.0000%1h$39K$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$1K—150xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bybit OPUSDT+0.0028%8h$17.8M$28.2M75xas long as short
BloFin OP-USDTlong+0.0032%8h$1.1M$584K75x
OKX OP-USDT-SWAP+0.0037%8h$6.0M$33.3M50xas long as short
Aevo OP-PERP+0.0056%1h$4K—3xas long as short
Lighter OP+0.0096%1h$295K$836K15xas long as short
Hyperliquid OP+0.0100%1h$3.9M$3.3M5xas long as short
Aster OPUSDT+0.0100%8h$212K$469K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.8M50xas long as short
KuCoin OPUSDTM+0.0100%8h$2.8M$7.3M75xas long as short
Bitget OPUSDT+0.0100%8h$5.9M$6.5M75xas long as short
BingX OP-USDT+0.0100%8h—$7.0M—as long as short
Backpack OP_USDC_PERPshort+0.0100%1h$133K$180K10x
edgeX OPUSDC+0.0100%4h$10K$377K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$45K$714K50xas long as short
SoDEX OP-USD+0.0100%1h$186$5K5xas long as short
HTX OP-USDT+0.0100%8h$180K$277K50xas long as short
Kraken Futures PF_OPUSD+0.0243%1h$781K$672K20xas long as short
Injective OP/USDC PERP+0.0248%1h$25K$184K12xas long as short
Reya OPRUSDPERP+0.0431%1h$699—20xas long as short