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

OP

all OP markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 16:00 UTC+0.1136%/8h
next payment, per $10,000+$1.42paid, last 24h+0.205%paid, last 3 days+0.929%to open and closeno order book
Long on GMXShort on Coinbase International
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX OP/USD [OP-USDC]0.1264L −0.1440% / S +0.0291%get 0.0180% / 1h51m 48s$13K—100x
ShortCoinbase International OP-PERP-INTX0.1248−0.0304pay 0.0038% / 1h51m 48s$22K$90K50x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$238.5
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$216.5
Break-even
0.6 days
Slippage unknown: GMX: no order-book sample; Coinbase International: no order-book sample. Net counts fees only.

Price risk

price view
Price gap now
−1.299%
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 GMX no order-book sample—————
Sell Coinbase International no order-book sample—————
GMX and Coinbase International: 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]longL −0.1440% / S +0.0291%1h$13K—100x
Bybit OPUSDT−0.0335%8h$17.8M$28.0M75xas long as short
Coinbase International OP-PERP-INTXshort−0.0304%1h$22K$90K50x
Variational Omni OP−0.0078%8h$232K$46K—as long as short
Orderly PERP_OP_USDC−0.0077%8h$6K$54K10xas long as short
MEXC OP_USDT−0.0059%8h$20.1M$8.7M300xas long as short
Binance OPUSDT−0.0056%8h$20.9M$69.3M75xas long as short
Extended OP-USD−0.0056%1h$101K$212K25xas long as short
dYdX OP-USD0.0000%1h$39K$1010xas long as short
Deribit OP_USDC-PERPETUAL0.0000%1h$47K$200K25xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) OP/USDL +0.0004% / S −0.0004%1h——150xas long as short
Injective OP/USDC PERP+0.0033%1h$25K$184K12xas long as short
OKX OP-USDT-SWAP+0.0035%8h$6.0M$33.3M50xas long as short
BloFin OP-USDT+0.0061%8h$1.0M$582K75xas long as short
Aevo OP-PERP+0.0064%1h$4K—3xas long as short
Lighter OP+0.0096%1h$282K$827K15xas long as short
Hyperliquid OP+0.0100%1h$3.9M$3.3M5xas long as short
Aster OPUSDT+0.0100%8h$214K$470K10xas long as short
Gate OP_USDT+0.0100%8h$1.8M$1.6M50xas long as short
KuCoin OPUSDTM+0.0100%8h$2.9M$7.4M75xas long as short
Bitget OPUSDT+0.0100%8h$6.0M$6.5M75xas long as short
BingX OP-USDC+0.0100%8h—$1.6M—as long as short
Backpack OP_USDC_PERP+0.0100%1h$137K$183K10xas long as short
edgeX OPUSDC+0.0100%4h$8K$379K10xas long as short
ApeX Omni OPUSDT+0.0100%1h$45K$714K50xas long as short
SoDEX OP-USD+0.0100%1h$184$5K5xas long as short
HTX OP-USDT+0.0100%8h$181K$273K50xas long as short
Reya OPRUSDPERP+0.0431%1h$702—20xas long as short
Kraken Futures PF_OPUSD+0.0471%1h$784K$678K20xas long as short