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

OP

all OP markets
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Funding spread now, next payment 16:00 UTC+0.0142%/8h
paid, last 24h+0.030%paid, last 7 days+0.152%to open and close $10k−$118
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate OP_USDT0.12650.0100pay 0.0100% / 8h42m 55s$1.8M$1.7M50x
ShortKraken Futures PF_OPUSD0.12660.0242get 0.0030% / 1h42m 55s$780K$659K20x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$29.72
Slippage, 4 orders
−$93.46
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$88.74
Break-even
27.9 days
Slippage from Gate: live order book, 1 min ago; Kraken Futures: live order book, 7 min ago.

Price risk

price view
Price gap now
+0.051%
Avg gap 7d
+0.098%
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 Gate live order book, 1 min ago6.31 bp26.6 bp −$2766.2 bp −$662doesn't fitdoesn't fit
Sell Kraken Futures live order book, 7 min ago20.77 bp34.6 bp −$3587.4 bp −$874doesn't fitdoesn't fit

OP on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
GMX OP/USD [OP-USDC]L −0.1469% / S +0.0291%1h$13K100xas long as short
Deribit OP_USDC-PERPETUAL−0.0539%1h$47K$200K25xas long as short
Coinbase International OP-PERP-INTX−0.0296%1h$27K$85K50xas long as short
Binance OPUSDT−0.0129%8h$20.9M$66.3M75xas long as short
Extended OP-USD−0.0128%1h$101K$214K25xas long as short
MEXC OP_USDT−0.0128%8h$20.3M$8.6M300xas long as short
Orderly PERP_OP_USDC−0.0078%8h$7K$53K10xas long as short
Variational Omni OP−0.0066%8h$235K$45Kas long as short
BloFin OP-USDT−0.0009%8h$1.0M$580K75xas long as short
dYdX OP-USD0.0000%1h$39K$1010xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) OP/USDL +0.0005% / S −0.0004%1h$1K150xas long as short
Bybit OPUSDT+0.0017%8h$17.8M$27.5M75xas long as short
OKX OP-USDT-SWAP+0.0037%8h$6.0M$32.7M50xas long as short
Aevo OP-PERP+0.0048%1h$4K3xas long as short
Lighter OP+0.0096%1h$296K$829K15xas long as short
Hyperliquid OP+0.0100%1h$4.0M$3.1M5xas long as short
Aster OPUSDT+0.0100%8h$200K$453K10xas long as short
Gate OP_USDTlong+0.0100%8h$1.8M$1.7M50x
KuCoin OPUSDTM+0.0100%8h$2.8M$7.0M75xas long as short
Bitget OPUSDT+0.0100%8h$5.9M$6.2M75xas long as short
BingX OP-USDC+0.0100%8h$1.6Mas long as short
Backpack OP_USDC_PERP+0.0100%1h$132K$168K10xas long as short
edgeX OPUSDC+0.0100%4h$9K$380K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$46K$716K50xas long as short
SoDEX OP-USD+0.0100%1h$181$5K5xas long as short
HTX OP-USDT+0.0100%8h$190K$251K50xas long as short
Kraken Futures PF_OPUSDshort+0.0242%1h$780K$659K20x
Injective OP/USDC PERP+0.0248%1h$25K$184K12xas long as short
Reya OPRUSDPERP+0.0431%1h$70520xas long as short