OP

Alert

Funding spread now, next payment 16:00 UTC−0.0081%/8h

paid, last 24h+0.061%paid, last 5 days+0.118%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit OP_USDC-PERPETUAL	0.1274	0	get 0.0000% / 1h	45m 54s	$49K	$199K	25x
Short	Orderly PERP_OP_USDC	0.1274	−0.0081	pay 0.0081% / 8h	45m 54s	$7K	$52K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee OrderlybpOrdersRate

Funding earned: −$17.05
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$30.05
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 49 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: 0.000%
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 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Deribit live order book, 49 min ago	7.82 bp	11.3 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
GMX OP/USD [OP-USDC]	L −0.1469% / S +0.0291%	1h	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0296%	1h	$28K	$85K	50x	as long as short
Binance OPUSDT	−0.0128%	8h	$21.0M	$66.1M	75x	as long as short
Extended OP-USD	−0.0128%	1h	$102K	$214K	25x	as long as short
MEXC OP_USDT	−0.0128%	8h	$20.1M	$8.5M	300x	as long as short
Orderly PERP_OP_USDCshort	−0.0081%	8h	$7K	$52K	10x
Variational Omni OP	−0.0066%	8h	$235K	$45K	—	as long as short
BloFin OP-USDT	−0.0009%	8h	$1.0M	$585K	75x	as long as short
dYdX OP-USD	0.0000%	1h	$39K	$10	10x	as long as short
Deribit OP_USDC-PERPETUALlong	0.0000%	1h	$49K	$199K	25x

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) OP/USD	L +0.0005% / S −0.0004%	1h	$1K	—	150x	as long as short
Bybit OPUSDT	+0.0018%	8h	$17.8M	$27.4M	75x	as long as short
OKX OP-USDT-SWAP	+0.0045%	8h	$6.1M	$32.7M	50x	as long as short
Aevo OP-PERP	+0.0048%	1h	$4K	—	3x	as long as short
Lighter OP	+0.0096%	1h	$298K	$829K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	$4.1M	$3.1M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	$201K	$440K	10x	as long as short
Gate OP_USDT	+0.0100%	8h	$1.8M	$1.7M	50x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	$2.8M	$7.0M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	$5.9M	$6.2M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	—	$6.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$133K	$168K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$9K	$379K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$46K	$714K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	$175	$5K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	$191K	$247K	50x	as long as short
Kraken Futures PF_OPUSD	+0.0240%	1h	$785K	$658K	20x	as long as short
Injective OP/USDC PERP	+0.0248%	1h	$25K	$184K	12x	as long as short
Reya OPRUSDPERP	+0.0431%	1h	$708	—	20x	as long as short