OP

Alert

Funding spread now, next payment 16:00 UTC−0.0126%/8h

paid, last 24h+0.007%paid, last 3 days+0.117%to open and closeno order book

Long on gTrade (Gains Network)Short on MEXC

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) OP/USD	0.1250	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	31m 14s	$1K	—	150x
Short	MEXC OP_USDT	0.1250	−0.0121	pay 0.0121% / 8h	31m 14s	$19.8M	$8.7M	300x

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 MEXCbpOrdersRate

Funding earned: −$26.47
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$36.47
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.035%
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 MEXC live order book, 4 min ago	0.40 bp	3.4 bp −$3	25.8 bp −$258	69.3 bp −$6,926	117.3 bp −$58.6K

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
Deribit OP_USDC-PERPETUAL	−0.0551%	1h	$47K	$200K	25x	as long as short
Coinbase International OP-PERP-INTX	−0.0296%	1h	$22K	$83K	50x	as long as short
Binance OPUSDT	−0.0121%	8h	$20.6M	$68.2M	75x	as long as short
MEXC OP_USDTshort	−0.0121%	8h	$19.8M	$8.7M	300x
Extended OP-USD	−0.0120%	1h	$100K	$214K	25x	as long as short
Orderly PERP_OP_USDC	−0.0079%	8h	$6K	$53K	10x	as long as short
Variational Omni OP	−0.0066%	8h	$231K	$46K	—	as long as short
BloFin OP-USDT	−0.0001%	8h	$1.0M	$578K	75x	as long as short
dYdX OP-USD	0.0000%	1h	$39K	$10	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) OP/USDlong	L +0.0005% / S −0.0004%	1h	$1K	—	150x
Bybit OPUSDT	+0.0017%	8h	$17.3M	$28.0M	75x	as long as short
OKX OP-USDT-SWAP	+0.0033%	8h	$6.0M	$32.7M	50x	as long as short
Aevo OP-PERP	+0.0048%	1h	$4K	—	3x	as long as short
Lighter OP	+0.0096%	1h	$293K	$832K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	$3.9M	$3.2M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	$207K	$458K	10x	as long as short
Gate OP_USDT	+0.0100%	8h	$1.8M	$1.7M	50x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	$2.8M	$7.1M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	$5.8M	$6.4M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	—	$7.0M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$130K	$178K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$9K	$380K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$45K	$716K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	$179	$5K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	$186K	$252K	50x	as long as short
Kraken Futures PF_OPUSD	+0.0245%	1h	$774K	$668K	20x	as long as short
Injective OP/USDC PERP	+0.0248%	1h	$25K	$184K	12x	as long as short
Reya OPRUSDPERP	+0.0431%	1h	$696	—	20x	as long as short