OP

Alert

Funding spread now, next payment 18:00 UTC+0.0096%/8h

next payment, per $10,000+$0.12paid, last 24h+0.029%paid, last 3 days+0.202%to open and closeno order book

Long on gTrade (Gains Network)Short on ApeX Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) OP/USD	0.1254	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	46m 49s	—	—	150x
Short	ApeX Omni OPUSDT	0.1254	0.0100	get 0.0013% / 1h	46m 49s	$45K	$713K	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee ApeX OmnibpOrdersRate

Funding earned: $20.06
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $0.06
Break-even: 7.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; ApeX Omni: live order book, 58 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.014%
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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 58 min ago	7.92 bp	17.0 bp −$17	117.4 bp −$1,174	doesn't fit	doesn't fit

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 −0.1436% / S +0.0290%	1h	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0344%	1h	$21K	$75K	50x	as long as short
Variational Omni OP	−0.0133%	8h	$232K	$42K	—	as long as short
Bybit OPUSDT	−0.0105%	8h	$18.0M	$26.3M	75x	as long as short
Orderly PERP_OP_USDC	−0.0070%	8h	$7K	$53K	10x	as long as short
dYdX OP-USD	0.0000%	1h	$39K	$10	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	$47K	$200K	25x	as long as short
MEXC OP_USDT	+0.0004%	8h	$20.0M	$8.2M	300x	as long as short
gTrade (Gains Network) OP/USDlong	L +0.0004% / S −0.0004%	1h	—	—	150x
Binance OPUSDT	+0.0005%	8h	$20.4M	$66.2M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Extended OP-USD	+0.0008%	1h	$100K	$203K	25x	as long as short
OKX OP-USDT-SWAP	+0.0012%	8h	$5.9M	$32.1M	50x	as long as short
BloFin OP-USDT	+0.0022%	8h	$843K	$576K	75x	as long as short
Injective OP/USDC PERP	+0.0033%	1h	$25K	$134K	12x	as long as short
Aevo OP-PERP	+0.0080%	1h	$4K	—	3x	as long as short
Lighter OP	+0.0096%	1h	$281K	$872K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	$3.9M	$3.2M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	$208K	$357K	10x	as long as short
Gate OP_USDT	+0.0100%	8h	$1.8M	$1.4M	50x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	$2.9M	$7.3M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	$5.9M	$6.1M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	—	$6.7M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$133K	$186K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$9K	$381K	10x	as long as short
ApeX Omni OPUSDTshort	+0.0100%	1h	$45K	$713K	50x
SoDEX OP-USD	+0.0100%	1h	$181	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	$178K	$256K	50x	as long as short
Reya OPRUSDPERP	+0.0432%	1h	$697	—	20x	as long as short
Kraken Futures PF_OPUSD	+0.0611%	1h	$779K	$673K	20x	as long as short