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 19:00 UTC−0.0113%/8h
paid, last 24h+0.059%paid, last 3 days+0.092%to open and closeno order book
Long on DeribitShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit OP_USDC-PERPETUAL0.12350get 0.0000% / 1h33m 01s$43K$186K25x
ShortVariational Omni OP0.1236−0.0113pay 0.0113% / 8h5h 33m$224K$41K—

Funding history

latest
Range statsloading…

Funding on every exchange

click an exchange to add or hide it
latest

Profit calculator

Funding earned
−$23.68
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$30.68
Break-even
never at this rate
Slippage unknown: Deribit: live order book, 47 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.089%
Avg gap 7d
−0.056%
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, 47 min ago4.02 bp15.6 bp −$16doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 2 min ago8.10 bpdoesn't fit16.2 bp −$162doesn'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 −0.1162% / S +0.0245%1h$13K—100xas long as short
Coinbase International OP-PERP-INTX−0.0336%1h$21K$69K50xas long as short
Variational Omni OPshort−0.0113%8h$224K$41K—
Orderly PERP_OP_USDC−0.0043%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%1h——150xas long as short
Bybit OPUSDT+0.0019%8h$18.1M$26.7M75xas long as short
OKX OP-USDT-SWAP+0.0020%8h$5.6M$30.4M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate OP_USDT+0.0047%8h$1.8M$1.5M50xas long as short
MEXC OP_USDT+0.0086%8h$19.5M$7.4M300xas long as short
Binance OPUSDT+0.0087%8h$19.6M$65.6M75xas long as short
Extended OP-USD+0.0088%1h$99K$206K25xas long as short
Lighter OP+0.0096%1h$266K$906K15xas 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—$1.6M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$127K$199K10xas long as short
edgeX OPUSDC+0.0100%4h$10K$379K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$44K$719K50xas long as short
SoDEX OP-USD+0.0100%1h$195$6K5xas long as short
HTX OP-USDT+0.0100%8h$176K$260K50xas long as short
Aevo OP-PERP+0.0104%1h$4K—3xas long as short
BloFin OP-USDT+0.0207%8h$981K$314K75xas long as short
Reya OPRUSDPERP+0.0433%1h$687—20xas long as short
Kraken Futures PF_OPUSD+0.0545%1h$767K$788K20xas long as short