OP

Alert

Funding spread now, next payment 15:00 UTC+0.1210%/8h

next payment, per $10,000+$1.51paid, last 24h+0.301%paid, last 3 days+0.920%to open and closeno order book

Long on GMX Short on gTrade (Gains Network)

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX OP/USD [OP-USDC]	0.1276	L −0.1208% / S +0.0249%	get 0.0151% / 1h	39m 23s	$13K	—	100x
Short	gTrade (Gains Network) OP/USD	0.1276	L +0.0004% / S −0.0001%	get 0.0000% / 1h	39m 23s	$2K	—	150x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee gTrade (Gains Network)bpOrdersRate

Funding earned: $254.01
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $232.01
Break-even: 0.6 days

Slippage unknown: GMX: no order-book sample; gTrade (Gains Network): no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.009%
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 GMX no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

GMX and 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]long	L −0.1208% / S +0.0249%	1h	$13K	—	100x
Coinbase International OP-PERP-INTX	−0.0328%	1h	$27K	$83K	50x	as long as short
Binance OPUSDT	−0.0152%	8h	$20.6M	$64.6M	75x	as long as short
Extended OP-USD	−0.0152%	1h	$102K	$214K	25x	as long as short
MEXC OP_USDT	−0.0152%	8h	$20.2M	$8.8M	300x	as long as short
ApeX Omni OPUSDT	−0.0083%	1h	$46K	$709K	50x	as long as short
Orderly PERP_OP_USDC	−0.0072%	8h	$7K	$53K	10x	as long as short
Variational Omni OP	−0.0060%	8h	$235K	$44K	—	as long as short
BloFin OP-USDT	−0.0032%	8h	$1.0M	$581K	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
Deribit OP_USDC-PERPETUAL	0.0000%	1h	$48K	$207K	25x	as long as short
gTrade (Gains Network) OP/USDshort	L +0.0004% / S −0.0001%	1h	$2K	—	150x
Bybit OPUSDT	+0.0013%	8h	$17.9M	$27.0M	75x	as long as short
Injective OP/USDC PERP	+0.0033%	1h	$25K	$185K	12x	as long as short
Aevo OP-PERP	+0.0040%	1h	$4K	—	3x	as long as short
OKX OP-USDT-SWAP	+0.0074%	8h	$6.0M	$32.2M	50x	as long as short
Lighter OP	+0.0096%	1h	$370K	$749K	15x	as long as short
Hyperliquid OP	+0.0100%	1h	$4.1M	$3.1M	5x	as long as short
Aster OPUSDT	+0.0100%	8h	$201K	$434K	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	$2.9M	$6.7M	75x	as long as short
Bitget OPUSDT	+0.0100%	8h	$6.0M	$6.0M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	—	$6.5M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	$132K	$163K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	$4K	$406K	10x	as long as short
SoDEX OP-USD	+0.0100%	1h	$157	$5K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	$192K	$232K	50x	as long as short
Kraken Futures PF_OPUSD	+0.0142%	1h	$786K	$663K	20x	as long as short
Reya OPRUSDPERP	+0.0430%	1h	$709	—	20x	as long as short