OP

Alert

Funding spread now, next payment 19:00 UTC−0.0101%/8h

paid, last 24h−0.004%paid, last 3 days+0.038%to open and closeno order book

Long on gTrade (Gains Network)Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) OP/USD	0.1233	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	23m 58s	—	—	150x
Short	Variational Omni OP	0.1234	−0.0097	pay 0.0097% / 8h	5h 23m	$224K	$41K	—

Funding history

latest

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Funding on every exchange

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Profit calculator

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

Funding earned: −$21.22
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$31.22
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; Variational Omni: RFQ quote, 11 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.060%
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 Variational Omni RFQ quote, 11 min ago	8.10 bp	doesn't fit	16.2 bp −$162	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
Injective OP/USDC PERP	−0.1842%	1h	$34K	$86K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.1162% / S +0.0245%	1h	$13K	—	100x	as long as short
Coinbase International OP-PERP-INTX	−0.0336%	1h	$21K	$69K	50x	as long as short
Variational Omni OPshort	−0.0097%	8h	$224K	$41K	—
Orderly PERP_OP_USDC	−0.0039%	8h	$6K	$53K	10x	as long as short
dYdX OP-USD	0.0000%	1h	$38K	$10	10x	as long as short
Deribit OP_USDC-PERPETUAL	0.0000%	1h	$43K	$185K	25x	as long as short
gTrade (Gains Network) OP/USDlong	L +0.0004% / S −0.0004%	1h	—	—	150x
Gate OP_USDT	+0.0019%	8h	$1.8M	$1.5M	50x	as long as short
OKX OP-USDT-SWAP	+0.0027%	8h	$5.6M	$30.2M	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit OPUSDT	+0.0054%	8h	$18.1M	$26.7M	75x	as long as short
MEXC OP_USDT	+0.0094%	8h	$19.4M	$7.4M	300x	as long as short
Binance OPUSDT	+0.0095%	8h	$19.5M	$65.4M	75x	as long as short
Lighter OP	+0.0096%	1h	$266K	$907K	15x	as long as short
Extended OP-USD	+0.0096%	1h	$99K	$206K	25x	as long as short
Hyperliquid OP	+0.0100%	1h	$3.8M	$3.1M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	$211K	$268K	10x	as long as short
KuCoin OPUSDTM	+0.0100%	8h	$2.9M	$7.4M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	$6.0M	$6.2M	75x	as long as short
BingX OP-USDC	+0.0100%	8h	—	$1.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$126K	$197K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$8K	$379K	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	$44K	$720K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	$189	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	$175K	$259K	50x	as long as short
Aevo OP-PERP	+0.0104%	1h	$4K	—	3x	as long as short
BloFin OP-USDT	+0.0215%	8h	$976K	$313K	75x	as long as short
Reya OPRUSDPERP	+0.0433%	1h	$685	—	20x	as long as short
Kraken Futures PF_OPUSD	+0.0547%	1h	$765K	$789K	20x	as long as short