Settings8H · net · $10k
Funding arb · Price arb /

OP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: SoDEX against Gate+0.071%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.071% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate OP_USDT0.12600.0100pay 0.0100% / 8h5h 05m$2.0M$1.6M50x
ShortSoDEX OP-USD0.12600.0100get 0.0013% / 1h5m 44s$186$6K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against Gate. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.071% → 0.000%
$7.15
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$15.85
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: Gate: live order book, 2 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 2 min ago3.16 bp21.4 bp −$2161.0 bp −$610doesn't fitdoesn't fit
Sell SoDEX no order-book sample
SoDEX: 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 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective OP/USDC PERP−0.1488%1h0.1262+0.191%$35K$58K12xas long as short
GMX OP/USD [OP-USDC]L −0.1065% / S +0.0229%1h0.1261+0.128%$13K100xas long as short
Deribit OP_USDC-PERPETUAL−0.0543%1h0.1260+0.032%$42K$151K25xas long as short
dYdX OP-USD0.0000%1h0.1261+0.091%$39K$51910xas long as short
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h0.1262+0.164%150xas long as short
OKX OP-USDT-SWAP+0.0030%8h0.1260+0.008%$6.1M$28.9M50xas long as short
Variational Omni OP+0.0050%8h0.1260−0.008%$223K$49Kas long as short
Orderly PERP_OP_USDC+0.0053%8h0.1260+0.032%$6K$44K10xas long as short
Lighter OP+0.0096%1h0.1261+0.111%$279K$936K15xas long as short
Hyperliquid OP+0.0100%1h0.1262+0.183%$3.7M$3.0M5xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPUSDT+0.0100%8h0.1260+0.068%$211K$229K10xas long as short
Binance OPUSDT+0.0100%8h0.1259−0.012%$20.3M$60.7M75xas long as short
Bybit OPUSDT+0.0100%8h0.1259−0.040%$18.4M$25.3M75xas long as short
Gate OP_USDTlong+0.0100%8h0.1260long leg$2.0M$1.6M50x
MEXC OP_USDT+0.0100%8h0.12600.000%$20.9M$7.1M300xas long as short
KuCoin OPUSDTM+0.0100%8h0.1259−0.048%$2.9M$6.7M75xas long as short
Bitget OPUSDT+0.0100%8h0.1259−0.048%$5.9M$6.5M75xas long as short
BingX OP-USDT+0.0100%8h0.1260+0.071%$6.3Mas long as short
Backpack OP_USDC_PERP+0.0100%1h0.1260+0.056%$120K$194K10xas long as short
edgeX OPUSDC+0.0100%4h0.1266+0.548%$4K$389K10xas long as short
GRVT OP_USDT_Perp+0.0100%8h0.1266+0.508%$310K$4.8M10xas long as short
ApeX Omni OPUSDT+0.0100%1h0.1267+0.587%$43K$706K50xas long as short
SoDEX OP-USDshort+0.0100%1h0.1260+0.071%$186$6K5x
HTX OP-USDT+0.0100%8h0.1263+0.262%$174K$216K50xas long as short
Extended OP-USD+0.0104%1h0.1260+0.022%$106K$389K25xas long as short
Aevo OP-PERP+0.0104%1h0.1260+0.055%$3K$1K3xas long as short
Coinbase International OP-PERP-INTX+0.0152%1h0.1278+1.461%$25K$71K50xas long as short
BloFin OP-USDT+0.0220%8h0.1264+0.333%$1.0M$278K75xas long as short
Reya OPRUSDPERP+0.0440%1h0.1260+0.049%$70120xas long as short
Kraken Futures PF_OPUSD+0.0492%1h0.1262+0.182%$796K$572K20xas long as short