OP

Alert

Funding spread now, next payment 18:00 UTC+0.0091%/8h

paid, last 24h−0.021%paid, last 3 days−0.156%to open and closeno order book

Long on Bybit Short on gTrade (Gains Network)

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit OPUSDT	0.1233	−0.0087	get 0.0087% / 8h	6h 05m	$17.8M	$26.6M	75x
Short	gTrade (Gains Network) OP/USD	0.1229	L +0.0004% / S −0.0004%	get 0.0000% / 1h	5m 02s	—	—	150x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee gTrade (Gains Network)bpOrdersRate

Funding earned: $19.13
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$1.87
Break-even: 7.7 days

Slippage unknown: Bybit: live order book, 5 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.316%
Avg gap 7d: —

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 Bybit live order book, 5 min ago	0.40 bp	11.8 bp −$12	27.8 bp −$278	108.7 bp −$10.9K	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.1436% / S +0.0290%	1h	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0344%	1h	$21K	$69K	50x	as long as short
Variational Omni OP	−0.0132%	8h	$226K	$40K	—	as long as short
Bybit OPUSDTlong	−0.0087%	8h	$17.8M	$26.6M	75x
Orderly PERP_OP_USDC	−0.0057%	8h	$6K	$54K	10x	as long as short
dYdX OP-USD	0.0000%	1h	$38K	$10	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	$43K	$188K	25x	as long as short
gTrade (Gains Network) OP/USDshort	L +0.0004% / S −0.0004%	1h	—	—	150x
OKX OP-USDT-SWAP	+0.0011%	8h	$5.7M	$31.0M	50x	as long as short
Injective OP/USDC PERP	+0.0033%	1h	$34K	$139K	12x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate OP_USDT	+0.0044%	8h	$1.8M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0052%	8h	$19.5M	$8.5M	300x	as long as short
Binance OPUSDT	+0.0053%	8h	$20.0M	$66.7M	75x	as long as short
Extended OP-USD	+0.0056%	1h	$99K	$206K	25x	as long as short
Lighter OP	+0.0096%	1h	$264K	$919K	15x	as long as short
Aevo OP-PERP	+0.0096%	1h	$4K	—	3x	as long as short
Hyperliquid OP	+0.0100%	1h	$3.8M	$3.2M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	$198K	$266K	10x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	$2.9M	$7.3M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	$5.8M	$6.4M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$126K	$200K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$9K	$381K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$44K	$718K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	$193	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	$174K	$273K	50x	as long as short
BloFin OP-USDT	+0.0173%	8h	$1.0M	$341K	75x	as long as short
Reya OPRUSDPERP	+0.0433%	1h	$683	—	20x	as long as short
Kraken Futures PF_OPUSD	+0.0620%	1h	$779K	$740K	20x	as long as short