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 19:00 UTC+0.0049%/8h
paid, last 24h−0.029%paid, last 7 days−0.029%to open and close $10k−$69
Long on BybitShort on Extended
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit OPUSDT0.12350.0047pay 0.0047% / 8h5h 27m$18.1M$26.7M75x
ShortExtended OP-USD0.12360.0096get 0.0012% / 1h27m 17s$99K$206K25x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$10.19
Slippage, 4 orders
−$52.66
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$58.47
Break-even
47.2 days
Slippage from Bybit: live order book, 3 min ago; Extended: live order book, 7 min ago.

Price risk

price view
Price gap now
+0.049%
Avg gap 7d
−0.022%
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, 3 min ago1.21 bp14.3 bp −$1417.3 bp −$17392.1 bp −$9,208doesn't fit
Sell Extended live order book, 7 min ago12.14 bp21.8 bp −$22153.6 bp −$1,536doesn't fitdoesn't fit

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective OP/USDC PERP−0.1842%1h$34K$86K12xas long as short
GMX OP/USD [OP-USDC]L −0.1162% / S +0.0245%1h$13K—100xas long as short
Coinbase International OP-PERP-INTX−0.0336%1h$21K$69K50xas long as short
Variational Omni OP−0.0105%8h$224K$41K—as long as short
Orderly PERP_OP_USDC−0.0040%8h$6K$53K10xas long as short
dYdX OP-USD0.0000%1h$38K$1010xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h$43K$186K25xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h——150xas long as short
Gate OP_USDT+0.0026%8h$1.8M$1.5M50xas long as short
OKX OP-USDT-SWAP+0.0027%8h$5.6M$30.3M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bybit OPUSDTlong+0.0047%8h$18.1M$26.7M75x
Lighter OP+0.0096%1h$266K$907K15xas long as short
Extended OP-USDshort+0.0096%1h$99K$206K25x
MEXC OP_USDT+0.0096%8h$19.5M$7.4M300xas long as short
Binance OPUSDT+0.0096%8h$19.6M$65.4M75xas long as short
Hyperliquid OP+0.0100%1h$3.8M$3.1M5xas long as short
Aster OPUSDT+0.0100%8h$212K$268K10xas long as short
KuCoin OPUSDTM+0.0100%8h$3.0M$7.4M75xas long as short
Bitget OPUSDT+0.0100%8h$6.0M$6.2M75xas long as short
BingX OP-USDC+0.0100%8h—$1.6M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$127K$198K10xas long as short
edgeX OPUSDC+0.0100%4h$8K$379K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$44K$720K50xas long as short
SoDEX OP-USD+0.0100%1h$193$6K5xas long as short
HTX OP-USDT+0.0100%8h$176K$259K50xas long as short
Aevo OP-PERP+0.0104%1h$4K—3xas long as short
BloFin OP-USDT+0.0216%8h$979K$314K75xas long as short
Reya OPRUSDPERP+0.0433%1h$687—20xas long as short
Kraken Futures PF_OPUSD+0.0545%1h$767K$789K20xas long as short