OP

Alert

Funding spread now, next payment 16:00 UTC+0.0140%/8h

next payment, per $10,000+$0.18paid, last 24h+0.004%paid, last 3 days−0.119%to open and closeno order book

Long on Extended Short on gTrade (Gains Network)

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended OP-USD	0.1275	−0.0136	get 0.0017% / 1h	51m 27s	$102K	$214K	25x
Short	gTrade (Gains Network) OP/USD	0.1278	L +0.0005% / S −0.0004%	get 0.0001% / 1h	51m 27s	$1K	—	150x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee gTrade (Gains Network)bpOrdersRate

Funding earned: $29.5
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $14.5
Break-even: 3.6 days

Slippage unknown: Extended: live order book, 63 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.214%
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 Extended live order book, 63 min ago	11.82 bp	21.0 bp −$21	141.7 bp −$1,417	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	$84K	50x	as long as short
Extended OP-USDlong	−0.0136%	1h	$102K	$214K	25x
Binance OPUSDT	−0.0134%	8h	$20.9M	$65.8M	75x	as long as short
MEXC OP_USDT	−0.0134%	8h	$20.2M	$8.5M	300x	as long as short
Orderly PERP_OP_USDC	−0.0082%	8h	$7K	$52K	10x	as long as short
Variational Omni OP	−0.0075%	8h	$235K	$45K	—	as long as short
BloFin OP-USDT	−0.0016%	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-PERPETUAL	0.0000%	1h	$49K	$200K	25x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) OP/USDshort	L +0.0005% / S −0.0004%	1h	$1K	—	150x
Bybit OPUSDT	+0.0016%	8h	$17.9M	$27.4M	75x	as long as short
OKX OP-USDT-SWAP	+0.0043%	8h	$6.1M	$32.8M	50x	as long as short
Aevo OP-PERP	+0.0048%	1h	$4K	—	3x	as long as short
Lighter OP	+0.0096%	1h	$299K	$826K	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	$433K	10x	as long as short
Gate OP_USDT	+0.0100%	8h	$1.8M	$1.6M	50x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	$2.8M	$6.9M	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	$165K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$9K	$379K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$46K	$713K	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	$660K	20x	as long as short
Injective OP/USDC PERP	+0.0248%	1h	$25K	$184K	12x	as long as short
Reya OPRUSDPERP	+0.0431%	1h	$710	—	20x	as long as short