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

OP

all OP markets
SwapPrice view
Alert
Funding spread now, next payment 16:00 UTC+0.0084%/8h
next payment, per $10,000+$0.84paid, last 24h0.000%paid, last 7 days+0.010%to open and close $10k−$58
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit OPUSDT0.12740.0016pay 0.0016% / 8h1h 00m$17.9M$27.4M75x
ShortBitget OPUSDT0.12750.0100get 0.0100% / 8h1h 00m$5.9M$6.1M75x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$17.69
Slippage, 4 orders
−$34.58
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$39.89
Break-even
22.8 days
Slippage from Bybit: live order book, 4 min ago; Bitget: live order book, 4 min ago.

Price risk

price view
Price gap now
+0.094%
Avg gap 7d
+0.015%
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 Bybit live order book, 4 min ago0.39 bp11.9 bp −$1227.0 bp −$27084.0 bp −$8,404doesn't fit
Sell Bitget live order book, 4 min ago3.90 bp14.1 bp −$1429.8 bp −$298109.4 bp −$10.9Kdoesn'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$13K100xas long as short
Deribit OP_USDC-PERPETUAL−0.0534%1h$48K$199K25xas long as short
Coinbase International OP-PERP-INTX−0.0328%1h$28K$85K50xas long as short
Extended OP-USD−0.0136%1h$102K$214K25xas long as short
Binance OPUSDT−0.0133%8h$20.8M$65.7M75xas long as short
MEXC OP_USDT−0.0131%8h$20.1M$9.0M300xas long as short
Orderly PERP_OP_USDC−0.0082%8h$7K$53K10xas long as short
Variational Omni OP−0.0063%8h$236K$45Kas long as short
BloFin OP-USDT−0.0013%8h$1.0M$583K75xas long as short
dYdX OP-USD0.0000%1h$39K$1010xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) OP/USDL +0.0005% / S −0.0004%1h$1K150xas long as short
Bybit OPUSDTlong+0.0016%8h$17.9M$27.4M75x
Injective OP/USDC PERP+0.0033%1h$25K$238K12xas long as short
Aevo OP-PERP+0.0048%1h$4K3xas long as short
OKX OP-USDT-SWAP+0.0051%8h$6.1M$32.6M50xas long as short
Lighter OP+0.0096%1h$299K$826K15xas long as short
Hyperliquid OP+0.0100%1h$4.1M$3.1M5xas long as short
Aster OPUSDT+0.0100%8h$201K$433K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.7M50xas long as short
KuCoin OPUSDTM+0.0100%8h$2.9M$6.9M75xas long as short
Bitget OPUSDTshort+0.0100%8h$5.9M$6.1M75x
BingX OP-USDC+0.0100%8h$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h$132K$167K10xas long as short
edgeX OPUSDC+0.0100%4h$10K$416K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$46K$715K50xas long as short
SoDEX OP-USD+0.0100%1h$172$5K5xas long as short
HTX OP-USDT+0.0100%8h$191K$244K50xas long as short
Kraken Futures PF_OPUSD+0.0142%1h$786K$660K20xas long as short
Reya OPRUSDPERP+0.0430%1h$70920xas long as short