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

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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 17:00 UTC+0.0348%/8h
next payment, per $10,000+$0.43paid, last 24h+0.105%paid, last 3 days+0.032%to open and closeno order book
Long on Coinbase InternationalShort on gTrade (Gains Network)
The current rate is far above what this pair has been paying: over the last 3 days it paid 0.032% in total (about 4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.43 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International OP-PERP-INTX0.1237−0.0344get 0.0043% / 1h12m 49s$21K$70K50x
ShortgTrade (Gains Network) OP/USD0.1241L +0.0004% / S −0.0004%get 0.0000% / 1h12m 49s——150x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$73.07
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
$53.07
Break-even
1.9 days
Slippage unknown: Coinbase International: no order-book sample; gTrade (Gains Network): no order-book sample. Net counts fees only.

Price risk

price view
Price gap now
+0.323%
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 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 Coinbase International no order-book sample—————
Sell gTrade (Gains Network) no order-book sample—————
Coinbase International and 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.
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-INTXlong−0.0344%1h$21K$70K50x
Variational Omni OP−0.0129%8h$227K$40K—as long as short
Bybit OPUSDT−0.0097%8h$17.5M$25.5M75xas long as short
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/USDshortL +0.0004% / S −0.0004%1h——150x
Gate OP_USDT+0.0011%8h$1.8M$1.5M50xas long as short
OKX OP-USDT-SWAP+0.0015%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$19.9M$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$266K$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$192$6K5xas long as short
HTX OP-USDT+0.0100%8h$176K$265K50xas long as short
BloFin OP-USDT+0.0166%8h$1.0M$338K75xas long as short
Reya OPRUSDPERP+0.0433%1h$690—20xas long as short
Kraken Futures PF_OPUSD+0.0617%1h$770K$674K20xas long as short