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

OP

all OP markets
SwapPrice view
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Funding spread now, next payment 17:00 UTC−0.0004%/8h
next payment, per $10,000$0.01paid, last 24h−0.001%paid, last 3 days−0.004%to open and closeno order book
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) OP/USD0.1269L +0.0004% / S −0.0004%pay 0.0001% / 1h40m 27s150x
ShortdYdX OP-USD0.12690get 0.0000% / 1h40m 27s$39K$1010x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$0.94
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$20.94
Break-even
never at this rate
Slippage unknown: gTrade (Gains Network): no order-book sample; dYdX: 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 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 gTrade (Gains Network) no order-book sample
Sell dYdX no order-book sample
gTrade (Gains Network) and dYdX: 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.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1440% / S +0.0291%1h$13K100xas long as short
Coinbase International OP-PERP-INTX−0.0304%1h$22K$91K50xas long as short
Variational Omni OP−0.0090%8h$235K$46Kas long as short
Orderly PERP_OP_USDC−0.0075%8h$7K$54K10xas long as short
Bybit OPUSDT−0.0050%8h$17.9M$28.0M75xas long as short
Binance OPUSDT−0.0035%8h$20.9M$69.3M75xas long as short
MEXC OP_USDT−0.0035%8h$20.2M$8.8M300xas long as short
Extended OP-USD−0.0032%1h$101K$212K25xas long as short
dYdX OP-USDshort0.0000%1h$39K$1010x
Deribit OP_USDC-PERPETUAL0.0000%1h$48K$200K25xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) OP/USDlongL +0.0004% / S −0.0004%1h150x
Injective OP/USDC PERP+0.0033%1h$25K$184K12xas long as short
OKX OP-USDT-SWAP+0.0044%8h$6.0M$33.6M50xas long as short
Aevo OP-PERP+0.0072%1h$4K3xas long as short
BloFin OP-USDT+0.0085%8h$1.0M$585K75xas long as short
Lighter OP+0.0096%1h$301K$846K15xas long as short
Hyperliquid OP+0.0100%1h$4.0M$3.3M5xas long as short
Aster OPUSDT+0.0100%8h$215K$470K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.6M50xas long as short
KuCoin OPUSDTM+0.0100%8h$2.8M$7.4M75xas long as short
Bitget OPUSDT+0.0100%8h$6.0M$6.5M75xas long as short
BingX OP-USDC+0.0100%8h$1.6Mas long as short
edgeX OPUSDC+0.0100%4h$9K$379K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$46K$713K50xas long as short
SoDEX OP-USD+0.0100%1h$185$5K5xas long as short
HTX OP-USDT+0.0100%8h$182K$271K50xas long as short
Backpack OP_USDC_PERP+0.0100%1h$135K$185K10xas long as short
Reya OPRUSDPERP+0.0432%1h$70520xas long as short
Kraken Futures PF_OPUSD+0.0468%1h$789K$682K20xas long as short