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

OP

all OP markets
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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+0.0259%/8h
next payment, per $10,000+$2.59paid, last 24h−0.002%paid, last 7 days+0.188%to open and close $10k−$50
Long on BybitShort on BloFin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit OPUSDT0.1239−0.0097get 0.0097% / 8h6h 13m$17.5M$25.5M75x
ShortBloFin OP-USDT0.12420.0162get 0.0162% / 8h6h 13m$1.0M$338K75x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$54.44
Slippage, 4 orders
−$27.02
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BloFin: 6 bp × 2 orders
−$12
Net
$4.43
Break-even
6.4 days
Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 5 min ago.

Price risk

price view
Price gap now
+0.234%
Avg gap 7d
+0.072%
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, 2 min ago0.40 bp10.0 bp −$1024.9 bp −$24978.1 bp −$7,808doesn't fit
Sell BloFin live order book, 5 min ago0.80 bp17.0 bp −$1726.4 bp −$26467.8 bp −$6,779doesn't fit

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1711% / S +0.0335%1h$13K—100xas long as short
Coinbase International OP-PERP-INTX−0.0344%1h$21K$70K50xas long as short
Variational Omni OP−0.0129%8h$227K$40K—as long as short
Bybit OPUSDTlong−0.0097%8h$17.5M$25.5M75x
Orderly PERP_OP_USDC−0.0059%8h$6K$54K10xas long as short
dYdX OP-USD0.0000%1h$38K$1010xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h$44K$202K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h——150xas long as short
Gate OP_USDT+0.0011%8h$1.8M$1.5M50xas long as short
OKX OP-USDT-SWAP+0.0016%8h$5.8M$30.5M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective OP/USDC PERP+0.0033%1h$25K$134K12xas long as short
MEXC OP_USDT+0.0044%8h$20.0M$8.3M300xas long as short
Binance OPUSDT+0.0046%8h$20.2M$64.2M75xas long as short
Extended OP-USD+0.0048%1h$99K$206K25xas long as short
Aevo OP-PERP+0.0088%1h$4K—3xas long as short
Lighter OP+0.0096%1h$267K$917K15xas long as short
Hyperliquid OP+0.0100%1h$3.9M$3.2M5xas long as short
Aster OPUSDT+0.0100%8h$201K$254K10xas long as short
KuCoin OPUSDTM+0.0100%8h$2.9M$7.2M75xas long as short
Bitget OPUSDT+0.0100%8h$5.8M$5.9M75xas long as short
BingX OP-USDC+0.0100%8h—$1.6M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$127K$199K10xas long as short
edgeX OPUSDC+0.0100%4h$9K$382K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$45K$718K50xas long as short
SoDEX OP-USD+0.0100%1h$186$6K5xas long as short
HTX OP-USDT+0.0100%8h$176K$265K50xas long as short
BloFin OP-USDTshort+0.0162%8h$1.0M$338K75x
Reya OPRUSDPERP+0.0433%1h$690—20xas long as short
Kraken Futures PF_OPUSD+0.0617%1h$771K$674K20xas long as short