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

OP

all OP markets
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Funding spread now, next payment 19:00 UTC+0.0076%/8h
paid, last 24h+0.061%paid, last 5 days+0.083%to open and close $10k−$74
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit OP_USDC-PERPETUAL0.12390get 0.0000% / 1h39m 46s$43K$186K25x
ShortGate OP_USDT0.12380.0076get 0.0076% / 8h5h 39m$1.8M$1.4M50x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$15.96
Slippage, 4 orders
−$51.72
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$57.76
Break-even
32.3 days
Slippage from Deribit: live order book, 41 min ago; Gate: live order book, 4 min ago.

Price risk

price view
Price gap now
−0.081%
Avg gap 7d
−0.013%
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, 41 min ago4.02 bp15.6 bp −$16doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 4 min ago5.23 bp28.3 bp −$2862.3 bp −$623doesn't fitdoesn't fit

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective OP/USDC PERP−0.1842%1h$34K$86K12xas long as short
GMX OP/USD [OP-USDC]L −0.1436% / S +0.0290%1h$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0336%1h$21K$68K50xas long as short
Variational Omni OP−0.0112%8h$225K$41Kas long as short
Orderly PERP_OP_USDC−0.0044%8h$6K$54K10xas long as short
dYdX OP-USD0.0000%1h$38K$1010xas long as short
Deribit OP_USDC-PERPETUALlong0.0000%1h$43K$186K25x
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h150xas long as short
Bybit OPUSDT+0.0010%8h$18.1M$26.7M75xas long as short
OKX OP-USDT-SWAP+0.0021%8h$5.6M$30.6M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate OP_USDTshort+0.0076%8h$1.8M$1.4M50x
MEXC OP_USDT+0.0085%8h$19.5M$7.4M300xas long as short
Binance OPUSDT+0.0085%8h$19.6M$65.7M75xas long as short
Extended OP-USD+0.0088%1h$99K$206K25xas long as short
Lighter OP+0.0096%1h$266K$905K15xas long as short
Hyperliquid OP+0.0100%1h$3.8M$3.1M5xas long as short
Aster OPUSDT+0.0100%8h$212K$268K10xas long as short
KuCoin OPUSDTM+0.0100%8h$2.9M$7.4M75xas long as short
Bitget OPUSDT+0.0100%8h$6.0M$6.2M75xas long as short
BingX OP-USDC+0.0100%8h$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h$127K$200K10xas long as short
edgeX OPUSDC+0.0100%4h$9K$377K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$45K$719K50xas long as short
SoDEX OP-USD+0.0100%1h$198$6K5xas long as short
HTX OP-USDT+0.0100%8h$176K$261K50xas long as short
Aevo OP-PERP+0.0104%1h$4K3xas long as short
BloFin OP-USDT+0.0206%8h$978K$314K75xas long as short
Reya OPRUSDPERP+0.0433%1h$68820xas long as short
Kraken Futures PF_OPUSD+0.0543%1h$767K$787K20xas long as short