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

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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 16:00 UTC+0.0236%/8h
next payment, per $10,000+$0.29paid, last 24h+0.032%paid, last 7 days+0.218%to open and close $10k−$66
Long on ExtendedShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended OP-USD0.1277−0.0136get 0.0017% / 1h58m 50s$102K$214K25x
ShortBackpack OP_USDC_PERP0.12750.0100get 0.0013% / 1h58m 50s$133K$168K10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$49.56
Slippage, 4 orders
−$50.83
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$16.27
Break-even
9.3 days
Slippage from Extended: live order book, 55 min ago; Backpack: live order book, 56 min ago.

Price risk

price view
Price gap now
−0.167%
Avg gap 7d
+0.081%
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 Extended live order book, 55 min ago11.82 bp21.0 bp −$21141.7 bp −$1,417doesn't fitdoesn't fit
Sell Backpack live order book, 56 min ago1.57 bp10.6 bp −$11doesn't fitdoesn't fitdoesn't fit

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1469% / S +0.0291%1h$13K—100xas long as short
Coinbase International OP-PERP-INTX−0.0296%1h$28K$84K50xas long as short
Binance OPUSDT−0.0137%8h$20.9M$65.7M75xas long as short
Extended OP-USDlong−0.0136%1h$102K$214K25x
MEXC OP_USDT−0.0135%8h$20.3M$8.5M300xas long as short
Orderly PERP_OP_USDC−0.0082%8h$7K$53K10xas long as short
Variational Omni OP−0.0063%8h$236K$45K—as long as short
BloFin OP-USDT−0.0017%8h$1.0M$582K75xas long as short
dYdX OP-USD0.0000%1h$39K$1010xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h$48K$199K25xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) OP/USDL +0.0005% / S −0.0004%1h$1K—150xas long as short
Bybit OPUSDT+0.0014%8h$17.9M$27.4M75xas long as short
OKX OP-USDT-SWAP+0.0043%8h$6.1M$32.7M50xas long as short
Aevo OP-PERP+0.0048%1h$4K—3xas long as short
Lighter OP+0.0096%1h$299K$826K15xas long as short
Hyperliquid OP+0.0100%1h$4.1M$3.1M5xas long as short
Aster OPUSDT+0.0100%8h$201K$433K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.6M50xas long as short
KuCoin OPUSDTM+0.0100%8h$2.9M$6.9M75xas long as short
Bitget OPUSDT+0.0100%8h$5.9M$6.1M75xas long as short
BingX OP-USDT+0.0100%8h—$6.7M—as long as short
Backpack OP_USDC_PERPshort+0.0100%1h$133K$168K10x
edgeX OPUSDC+0.0100%4h$9K$418K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$46K$715K50xas long as short
SoDEX OP-USD+0.0100%1h$176$5K5xas long as short
HTX OP-USDT+0.0100%8h$191K$244K50xas long as short
Kraken Futures PF_OPUSD+0.0240%1h$785K$660K20xas long as short
Injective OP/USDC PERP+0.0248%1h$25K$184K12xas long as short
Reya OPRUSDPERP+0.0430%1h$707—20xas long as short