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+0.0109%/8h
next payment, per $10,000+$0.14paid, last 24h+0.096%paid, last 5 days+0.399%to open and close $10k−$71
Long on DeribitShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit OP_USDC-PERPETUAL0.12710get 0.0000% / 1h27m 56s$48K$200K25x
ShortBackpack OP_USDC_PERP0.12710.0109get 0.0014% / 1h27m 56s$137K$189K10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$22.84
Slippage, 4 orders
−$53.83
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$47.99
Break-even
21.7 days
Slippage from Deribit: live order book, 62 min ago; Backpack: live order book, 17 min ago.

Price risk

price view
Price gap now
−0.016%
Avg gap 7d
−0.002%
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 Deribit live order book, 62 min ago11.99 bp31.5 bp −$31doesn't fitdoesn't fitdoesn't fit
Sell Backpack live order book, 17 min ago1.97 bp12.0 bp −$12doesn't fitdoesn't fitdoesn't fit

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1162% / S +0.0245%1h$13K—100xas long as short
Coinbase International OP-PERP-INTX−0.0304%1h$22K$91K50xas long as short
Bybit OPUSDT−0.0283%8h$18.0M$27.9M75xas long as short
Variational Omni OP−0.0103%8h$234K$43K—as long as short
Orderly PERP_OP_USDC−0.0075%8h$7K$53K10xas long as short
Extended OP-USD−0.0024%1h$101K$212K25xas long as short
Binance OPUSDT−0.0022%8h$20.8M$69.2M75xas long as short
MEXC OP_USDT−0.0021%8h$20.3M$8.8M300xas long as short
dYdX OP-USD0.0000%1h$39K$1010xas long as short
Deribit OP_USDC-PERPETUALlong0.0000%1h$48K$200K25x
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h——150xas long as short
OKX OP-USDT-SWAP+0.0030%8h$6.0M$33.7M50xas long as short
Injective OP/USDC PERP+0.0033%1h$25K$184K12xas long as short
Aevo OP-PERP+0.0072%1h$4K—3xas long as short
Lighter OP+0.0096%1h$284K$863K15xas long as short
BloFin OP-USDT+0.0098%8h$1.0M$585K75xas long as short
Hyperliquid OP+0.0100%1h$4.0M$3.3M5xas long as short
Aster OPUSDT+0.0100%8h$214K$465K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.6M50xas long as short
KuCoin OPUSDTM+0.0100%8h$2.9M$7.4M75xas long as short
Bitget OPUSDT+0.0100%8h$6.0M$6.5M75xas long as short
BingX OP-USDC+0.0100%8h—$1.6M—as long as short
edgeX OPUSDC+0.0100%4h$8K$381K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$46K$712K50xas long as short
SoDEX OP-USD+0.0100%1h$181$6K5xas long as short
HTX OP-USDT+0.0100%8h$182K$269K50xas long as short
Backpack OP_USDC_PERPshort+0.0109%1h$137K$189K10x
Reya OPRUSDPERP+0.0432%1h$707—20xas long as short
Kraken Futures PF_OPUSD+0.0468%1h$790K$681K20xas long as short