OP

Alert

Funding spread now, next payment 16:00 UTC+0.0249%/8h

paid, last 24h−0.009%paid, last 7 days−0.160%to open and close $10k−$91

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.160% in total (about -8.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin OP-USDT	0.1258	−0.0006	get 0.0006% / 8h	35m 44s	$1.1M	$579K	75x
Short	Kraken Futures PF_OPUSD	0.1259	0.0243	get 0.0030% / 1h	35m 44s	$776K	$655K	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee Kraken FuturesbpOrdersRate

Funding earned: $52.21
Slippage, 4 orders: −$69.36
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$39.15
Break-even: 12.2 days

Slippage from BloFin: live order book, 3 min ago; Kraken Futures: live order book, 14 min ago.

Price risk

price view

Price gap now: +0.067%
Avg gap 7d: +0.068%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 3 min ago	2.38 bp	14.9 bp −$15	27.6 bp −$276	65.4 bp −$6,540	doesn't fit
Sell Kraken Futures live order book, 14 min ago	20.77 bp	34.6 bp −$35	87.4 bp −$874	doesn't fit	doesn't fit

OP on 29 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
GMX OP/USD [OP-USDC]	L −0.1469% / S +0.0291%	1h	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0296%	1h	$27K	$84K	50x	as long as short
Extended OP-USD	−0.0128%	1h	$101K	$214K	25x	as long as short
MEXC OP_USDT	−0.0124%	8h	$20.0M	$8.7M	300x	as long as short
Binance OPUSDT	−0.0123%	8h	$20.9M	$66.8M	75x	as long as short
Orderly PERP_OP_USDC	−0.0078%	8h	$6K	$53K	10x	as long as short
Variational Omni OP	−0.0066%	8h	$231K	$46K	—	as long as short
BloFin OP-USDTlong	−0.0006%	8h	$1.1M	$579K	75x
dYdX OP-USD	0.0000%	1h	$39K	$10	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	$47K	$200K	25x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) OP/USD	L +0.0005% / S −0.0004%	1h	$1K	—	150x	as long as short
Bybit OPUSDT	+0.0016%	8h	$17.5M	$27.8M	75x	as long as short
OKX OP-USDT-SWAP	+0.0035%	8h	$6.0M	$32.7M	50x	as long as short
Aevo OP-PERP	+0.0048%	1h	$4K	—	3x	as long as short
Lighter OP	+0.0096%	1h	$294K	$830K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	$3.9M	$3.2M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	$209K	$454K	10x	as long as short
Gate OP_USDT	+0.0100%	8h	$1.8M	$1.7M	50x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	$2.8M	$7.0M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	$5.8M	$6.2M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	—	$7.0M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$130K	$174K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$9K	$378K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$45K	$716K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	$181	$5K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	$186K	$250K	50x	as long as short
Kraken Futures PF_OPUSDshort	+0.0243%	1h	$776K	$655K	20x
Injective OP/USDC PERP	+0.0248%	1h	$25K	$184K	12x	as long as short
Reya OPRUSDPERP	+0.0431%	1h	$698	—	20x	as long as short