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

OP

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Funding spread now, next payment 15:00 UTC+0.0505%/8h
paid, last 24h+0.101%paid, last 5 days+0.375%to open and close $10k−$47
Long on DeribitShort on BloFin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit OP_USDC-PERPETUAL0.1267−0.0539get 0.0067% / 1h44m 11s$48K$220K25x
ShortBloFin OP-USDT0.1269−0.0034pay 0.0034% / 8h1h 44m$1.0M$578K75x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$105.95
Slippage, 4 orders
−$27.96
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee BloFin: 6 bp × 2 orders
−$12
Net
$58.98
Break-even
3.1 days
Slippage from Deribit: live order book, 56 min ago; BloFin: live order book, 4 min ago.

Price risk

price view
Price gap now
+0.174%
Avg gap 7d
+0.011%
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, 56 min ago7.70 bp11.2 bp −$11doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 4 min ago4.73 bp13.4 bp −$1325.2 bp −$25268.9 bp −$6,890doesn't fit

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1208% / S +0.0249%1h$13K—100xas long as short
Deribit OP_USDC-PERPETUALlong−0.0539%1h$48K$220K25x
Coinbase International OP-PERP-INTX−0.0328%1h$27K$84K50xas long as short
ApeX Omni OPUSDT−0.0158%1h$46K$709K50xas long as short
Binance OPUSDT−0.0155%8h$20.6M$64.8M75xas long as short
MEXC OP_USDT−0.0154%8h$19.8M$8.7M300xas long as short
Extended OP-USD−0.0152%1h$101K$214K25xas long as short
Orderly PERP_OP_USDC−0.0074%8h$6K$53K10xas long as short
Variational Omni OP−0.0060%8h$234K$44K—as long as short
BloFin OP-USDTshort−0.0034%8h$1.0M$578K75x
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
dYdX OP-USD0.0000%1h$39K$1010xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0001%1h$2K—150xas long as short
Bybit OPUSDT+0.0014%8h$17.8M$27.1M75xas long as short
Injective OP/USDC PERP+0.0033%1h$25K$185K12xas long as short
Aevo OP-PERP+0.0040%1h$4K—3xas long as short
OKX OP-USDT-SWAP+0.0071%8h$6.0M$32.1M50xas long as short
Lighter OP+0.0096%1h$365K$746K15xas long as short
Hyperliquid OP+0.0100%1h$4.0M$3.1M5xas long as short
Aster OPUSDT+0.0100%8h$200K$434K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.7M50xas long as short
KuCoin OPUSDTM+0.0100%8h$2.9M$6.7M75xas long as short
Bitget OPUSDT+0.0100%8h$5.9M$6.1M75xas long as short
BingX OP-USDT+0.0100%8h—$6.5M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$132K$166K10xas long as short
edgeX OPUSDC+0.0100%4h$4K$410K10xas long as short
SoDEX OP-USD+0.0100%1h$165$5K5xas long as short
HTX OP-USDT+0.0100%8h$191K$233K50xas long as short
Kraken Futures PF_OPUSD+0.0143%1h$782K$662K20xas long as short
Reya OPRUSDPERP+0.0430%1h$705—20xas long as short