OP

Alert

Funding spread now, next payment 19:00 UTC+0.0412%/8h

paid, last 24h+0.137%paid, last 5 days+0.210%to open and closeno order book

Long on Coinbase International Short on Bitget

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International OP-PERP-INTX	0.1232	−0.0312	get 0.0039% / 1h	55m 56s	$21K	$67K	50x
Short	Bitget OPUSDT	0.1235	0.0100	get 0.0100% / 8h	4h 55m	$6.0M	$6.2M	75x

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 BitgetbpOrdersRate

Funding earned: $86.52
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $64.52
Break-even: 1.8 days

Slippage unknown: Coinbase International: no order-book sample; Bitget: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.244%
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 Bitget live order book, 4 min ago	8.08 bp	16.9 bp −$17	30.7 bp −$307	84.5 bp −$8,454	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	−0.1650%	1h	$34K	$58K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.0887% / S +0.0200%	1h	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTXlong	−0.0312%	1h	$21K	$67K	50x
Variational Omni OP	−0.0072%	8h	$226K	$43K	—	as long as short
Orderly PERP_OP_USDC	−0.0026%	8h	$6K	$53K	10x	as long as short
dYdX OP-USD	0.0000%	1h	$38K	$437	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	$43K	$184K	25x	as long as short
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	—	—	150x	as long as short
OKX OP-USDT-SWAP	+0.0046%	8h	$5.7M	$30.0M	50x	as long as short
Gate OP_USDT	+0.0048%	8h	$1.8M	$1.4M	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter OP	+0.0096%	1h	$266K	$898K	15x	as long as short
Bybit OPUSDT	+0.0099%	8h	$18.0M	$26.5M	75x	as long as short
Hyperliquid OP	+0.0100%	1h	$3.8M	$3.1M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	$209K	$266K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	$19.5M	$64.5M	75x	as long as short
MEXC OP_USDT	+0.0100%	8h	$19.5M	$7.1M	300x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	$2.9M	$7.4M	75x	as long as short
Bitget OPUSDTshort	+0.0100%	8h	$6.0M	$6.2M	75x
BingX OP-USDT	+0.0100%	8h	—	$6.7M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$127K	$197K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$10K	$377K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$44K	$719K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	$179	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	$176K	$258K	50x	as long as short
Extended OP-USD	+0.0104%	1h	$99K	$206K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	$4K	—	3x	as long as short
BloFin OP-USDT	+0.0220%	8h	$975K	$303K	75x	as long as short
Reya OPRUSDPERP	+0.0434%	1h	$686	—	20x	as long as short
Kraken Futures PF_OPUSD	+0.0528%	1h	$767K	$766K	20x	as long as short