OP

Alert

Funding spread now, next payment 18:00 UTC+0.0436%/8h

paid, last 24h+0.137%paid, last 5 days+0.184%to open and closeno order book

Long on Coinbase International Short on Aster

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.184% in total (about 14.2% 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	Coinbase International OP-PERP-INTX	0.1241	−0.0336	get 0.0042% / 1h	44m 25s	$21K	$69K	50x
Short	Aster OPUSDT	0.1244	0.0100	get 0.0100% / 8h	5h 44m	$212K	$268K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee AsterbpOrdersRate

Funding earned: $91.56
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $73.56
Break-even: 1.4 days

Slippage unknown: Coinbase International: no order-book sample; Aster: live order book, 54 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.214%
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 Coinbase International no order-book sample	—	—	—	—	—
Sell Aster live order book, 54 min ago	6.42 bp	20.5 bp −$20	doesn't fit	doesn't fit	doesn't fit

Coinbase International: 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
Injective OP/USDC PERP	−0.1842%	1h	$34K	$86K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1436% / S +0.0290%	1h	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTXlong	−0.0336%	1h	$21K	$69K	50x
Variational Omni OP	−0.0109%	8h	$225K	$41K	—	as long as short
Orderly PERP_OP_USDC	−0.0047%	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	$187K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	—	—	150x	as long as short
Bybit OPUSDT	+0.0016%	8h	$18.2M	$26.8M	75x	as long as short
OKX OP-USDT-SWAP	+0.0023%	8h	$5.7M	$30.9M	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Extended OP-USD	+0.0080%	1h	$100K	$206K	25x	as long as short
Binance OPUSDT	+0.0083%	8h	$19.7M	$65.9M	75x	as long as short
MEXC OP_USDT	+0.0083%	8h	$19.6M	$7.4M	300x	as long as short
Gate OP_USDT	+0.0088%	8h	$1.8M	$1.4M	50x	as long as short
Lighter OP	+0.0096%	1h	$267K	$905K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	$3.8M	$3.2M	5x	as long as short
Aster OPUSDTshort	+0.0100%	8h	$212K	$268K	10x
KuCoin OPUSDTM	+0.0100%	8h	$2.9M	$7.4M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	$6.0M	$6.2M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	—	$6.5M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$129K	$201K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$9K	$380K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$45K	$718K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	$200	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	$177K	$261K	50x	as long as short
Aevo OP-PERP	+0.0104%	1h	$4K	—	3x	as long as short
BloFin OP-USDT	+0.0203%	8h	$979K	$316K	75x	as long as short
Reya OPRUSDPERP	+0.0433%	1h	$691	—	20x	as long as short
Kraken Futures PF_OPUSD	+0.0541%	1h	$771K	$785K	20x	as long as short