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

OP

all OP markets
SwapPrice view
Alert
Measured
My alerts

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−0.0048%/8h
paid, last 24h+0.056%paid, last 5 days+0.186%to open and close $10k−$52
Long on DeribitShort on MEXC
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit OP_USDC-PERPETUAL0.12630get 0.0000% / 1h46m 03s$47K$200K25x
ShortMEXC OP_USDT0.1262−0.0048pay 0.0048% / 8h7h 46m$20.2M$8.7M300x

Funding history

latest
Range statsloading…

Funding on every exchange

click an exchange to add or hide it
latest

Profit calculator

Funding earned
−$10.08
Slippage, 4 orders
−$44.74
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee MEXC: 0 bp × 2 orders
$0
Net
−$61.82
Break-even
never at this rate
Slippage from Deribit: live order book, 44 min ago; MEXC: live order book, 4 min ago.

Price risk

price view
Price gap now
−0.119%
Avg gap 7d
−0.007%
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, 44 min ago11.99 bp31.5 bp −$31doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 4 min ago0.40 bp3.5 bp −$314.1 bp −$14170.2 bp −$7,016122.1 bp −$61.0K

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1440% / S +0.0291%1h$13K—100xas long as short
Coinbase International OP-PERP-INTX−0.0304%1h$22K$91K50xas long as short
Bybit OPUSDT−0.0179%8h$17.8M$28.0M75xas long as short
Variational Omni OP−0.0086%8h$232K$46K—as long as short
Orderly PERP_OP_USDC−0.0075%8h$7K$54K10xas long as short
Extended OP-USD−0.0048%1h$101K$212K25xas long as short
MEXC OP_USDTshort−0.0048%8h$20.2M$8.7M300x
Binance OPUSDT−0.0046%8h$20.8M$69.2M75xas long as short
dYdX OP-USD0.0000%1h$39K$1010xas long as short
Deribit OP_USDC-PERPETUALlong0.0000%1h$47K$200K25x
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h——150xas long as short
Injective OP/USDC PERP+0.0033%1h$25K$184K12xas long as short
OKX OP-USDT-SWAP+0.0039%8h$6.0M$33.4M50xas long as short
BloFin OP-USDT+0.0072%8h$1.0M$582K75xas long as short
Aevo OP-PERP+0.0072%1h$4K—3xas long as short
Lighter OP+0.0096%1h$283K$829K15xas long as short
Hyperliquid OP+0.0100%1h$3.9M$3.3M5xas long as short
Aster OPUSDT+0.0100%8h$213K$470K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.6M50xas long as short
KuCoin OPUSDTM+0.0100%8h$2.8M$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
Backpack OP_USDC_PERP+0.0100%1h$137K$183K10xas long as short
edgeX OPUSDC+0.0100%4h$8K$380K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$45K$714K50xas long as short
SoDEX OP-USD+0.0100%1h$189$5K5xas long as short
HTX OP-USDT+0.0100%8h$181K$271K50xas long as short
Reya OPRUSDPERP+0.0431%1h$702—20xas long as short
Kraken Futures PF_OPUSD+0.0471%1h$784K$683K20xas long as short